Dec 11, 2023
Welcome to the "Living Kelowna Podcast," your go-to resource for financial insights hosted by Brandon Grass. In this episode, Brandon addresses a common concern – tight budgets – and explores a powerful solution: downsizing. If you've already made small cutbacks but need a more significant change to impact your budget positively, downsizing your home, car, or other expenses might be the key. Brandon, a seasoned Kelowna area realtor and certified senior real estate specialist with eXp Realty, draws on over six years of experience to guide you through the cost-saving potential of downsizing.
Discover the various advantages of downsizing, including freeing up time for your passions and changing your lifestyle. However, the primary focus is on reducing overall living costs. Brandon delves into the potential savings, starting with the most obvious – a reduction in your mortgage. Even in the current higher interest rate environment, downsizing allows you to borrow less, resulting in a significant drop in your monthly mortgage payment. Beyond that, Brandon highlights other financial benefits such as lower insurance costs, property taxes, utility bills, and maintenance expenses associated with smaller dwellings.
Moreover, Brandon explores how downsizing can be a strategic move to leverage the equity from the sale of your existing home, offering the opportunity to pay off debt and accelerate your path to financial freedom. By paying off high-interest debt early, you not only save on interest but also reduce your monthly debt burden, potentially enabling you to retire sooner.
For a comprehensive guide on downsizing and personalized advice tailored to your goals, Brandon invites you to explore the entire playlist on downsizing. If you're ready to create a downsizing plan that suits your unique situation, call Brandon at 250-212-5672 to schedule your downsizing consultation. Tune in and take the first step towards a more financially secure and fulfilling lifestyle.
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Brandon Grass Team with
eXp Realty Kelowna
1631 Dickson Ave, Suite 1100
Kelowna, BC V1Y 0B5