Downsizing Homes ? An Option For Struggling Families

With home foreclosures occurring at alarming rates, it?s clear that many American homeowners got in over their heads with their home purchase. While it?s obvious that many made bad purchases or took out loans with bad terms, there are also many homeowners that simply bought more house than they needed. While that may not be a bad thing, it becomes a bad thing if you can?t afford the house. If you could have drawn up cottage house plans and been just fine, but instead opted for a 6-bedroom McMansion, there might be a reason that you?re going through the foreclosure process. For those that haven?t lost their home, however, there can still be options.

If you?re looking to pay less on your mortgage, down to something you can afford a little easier, downsizing might be the way to go. Of course, that means you?ll have to sell your current house, which may be a dicey proposition if you?re underwater on your mortgage or if you?re in an extremely tough real estate market.

But let?s say you?re able to sell your house that was built with French country house plans. What next? There are several ways to downsize while still giving you and your family a sturdy and comfortable home to live in. What you?ll likely have to do is make some concessions. You can downgrade all sorts of things, from lot size to the maturity of landscaping and trees. It all depends on what is important to you-and what isn?t.

The first thing you should do is make a list of what you love about your current home, and what you could easily live without. You might see some convergence in those two lists. For instance, you might love your workout room, but realize that having such a space is a luxury that you really don?t need. Or your theater room, which is so great to watch movies in, really only gets used once or twice a month. Is that really necessary to have another room added to the ranch style house plans just to have this type of room? For some people the answer may be yes, but for most of us, having a home we can afford is worth more than all the movies in the world. That?s why downsizing-at least smart downsizing-is becoming a more attractive option for some. As an added bonus, when you learn to live without the things you don?t really need, your life becomes less complex.

Whether you are downsizing or building your dream home, House Plans and More is the place for you to go. With a wide assortment of cottage house plans, French country house plans, and ranch style house plans, House Plans and More is the only name you need when you?re talking about house plans. Log on today and learn more about how you can find the perfect plan for your style!

Source: http://www.a1article.net/home-and-family/downsizing-homes-an-option-for-struggling-families-55854.html

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