Mungo News

June 23, 2021

Parents of a Recent Grad? Why You Should Consider Right-Sizing

Homeowners embracing in front of the home they're selling

If the last of your children just graduated high school or college, you may be preparing for a different atmosphere at home. Even if your kids are still home for the summer—and perhaps the next few—it’s the ideal time to consider right-sizing and learn about your options throughout North Carolina, South Carolina and Georgia. Mungo Homes has helped thousands of homeowners find new homes throughout various stages of their lives, and we’re ready to help you start the right-sizing journey. 

Take advantage of the current market

For the past year, the housing market has reached a new level of competition. Low supply, high demand and the cost of materials have driven up the prices of homes, and many homeowners are reaping the benefit when right sizing. Prospective buyers are competing for homes with over-asking offers, cash offers, flexible move-out dates and more. You may be able to earn more than you think on the house you live in now, making your purchase of a smaller, newer home that much easier. 

Get a fresh start on a new chapter 

Whether your kids grew up in the home you live in now or you’ve only been there a few years, it can feel difficult to move out of a place you spent time together as a family. But you don’t have to think of this change in your life as a sad or negative one—it can be an incredibly exciting first step into this new chapter of your family’s life. 

There’s plenty of unique opportunities that come along with right sizing. Find a home in the city you’ve been dreaming of living in for years, or even in a new neighborhood across town. Move into a new-construction home for the very first time, with all of the upgrades, features and functionality that an older home can’t quite deliver on. Finally get the large backyard, open-concept floor plan, extra garage space or gourmet kitchen you’ve wanted.

Although your children might be sad to see their old home go, they’ll be thrilled to spend summers (or even just long weekends) with you in a new setting.    

Save money on bills, mortgage 

Right-sizing into a new-construction home can also help you save money in the long run. New homes include new technology, as well as superior building techniques and materials, that are more energy efficient than older homes. Features like water-saving plumbing fixtures, energy-efficient appliances and modern HVAC units will leave more money in the pockets of homeowners each month. 

New homes have the popular floor plans and features many homeowners are looking for, as well as trendy finishes and color palettes—requiring little to no updates upon move-in. New-construction homes also require less maintenance than older homes, and are backed by a superior home warranty

Additionally, purchasing a smaller home with today’s low interest rates will help you save big on your mortgage—and with the help of selling your existing home, you may find yourself mortgage-free for the first time in decades. 

Find a home you love 

Right-sizing is an exciting step to take after your children graduate and begin the next chapters of their own lives. Take this time as an opportunity to start fresh, save money and find a home you love in the location you’ve been dreaming of. Mungo Homes can help kick off your journey to right sizing today. Contact us by filling out an online form or calling the phone number listed for your preferred area. 

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