How Can You “Rightsize” Your Next Home?
Earlier this year, I shared exciting information about several new mid-century homes on the market in Shrewsbury, many of them within walking distance of the center of town. As you might imagine, those properties drew a lot of interest based on their location – but they also appealed to some prospective homebuyers because of their size and amount of yard space.
There has been a recent trend among certain homeowners toward downsizing to a more manageable lifestyle. While there are plenty of buyers out there who are still looking for large homes for their families, there are many families that are finding they require less space than before. The reasons vary – children growing and moving out into the world, a desire to abandon large-scale material possessions and concentrate on a more experiential lifestyle focusing on hobbies or travel, or a heightened interest in lower home maintenance and increased energy efficiency. But whatever the reason, there has been a demonstrable surge in interest in curating a smaller living space rather than sustaining a sprawling property.
Fortunately, a town like Shrewsbury has many smaller homes, and a lot of them are in excellent condition, having been lovingly maintained and updated throughout the years by diligent homeowners. There are also condominium units on the market for those who desire a simpler lifestyle. If you’re in the market for a new home, there are a few considerations to address when determining how to best “rightsize” your next home purchase.
1)Savings. What are the financial benefits of moving to a smaller home? What will you save on your monthly mortgage payments? How much will you net on the sale of your current home? If more money in your pocket is appealing to you, are you willing to give up some of the space you have now?
2) Needs. What are your “must-haves?” Maybe you don’t need as many bedrooms as you currently have, but an updated kitchen or bathroom is important to you. What about a garage? Storage space? What kind of yard do you wish to maintain? What about location?
3) Effort. Are you willing to put in the work necessary to pare down the number of belongings in your everyday space? Swapping a large home for a smaller one involves hard choices about what to keep, sell, recycle, and donate. One solution for items that you don’t currently use but may wish to access in the future is to rent a storage unit. There are several options nearby. This be an involved project, so you should think about whether you have the resources and energy to systematically sift through all of your possessions and make some hard choices. However, that effort can also be a big payoff in the long run when you enjoy the simplicity of less cleaning, yard work, and general maintenance.
4) Ambiance versus Maintenance. Many homeowners appreciate the “charm factor” that accompanies older, smaller homes. Nuances like built-in cabinetry and pocket doors outweigh the potential pitfalls of maintaining an aging house. But for those who value ease of life over architectural aesthetics, a gleaming new condo might be a better choice than a freestanding home that was built 100 years ago.
5) Self-Perception. I know that it can be hard to admit, but our homes are extensions of ourselves. We maintain them, decorate them, spend long hours in them, and ultimately, they become reflections of who we are. If your current home serves at least in part as a status symbol, you may want to rethink moving into a humbler dwelling. While a lot of people are bucking the convention that money can buy happiness, it’s fair to say that our egos can be intertwined with our living space.
6) Routines. This is an important question to ask when assessing any potential move. What impact will your new home have on your lifestyle? Whether it is a question of your children changing schools, having to shop regularly at a new supermarket, or a change in space for entertaining, a move affects many of our established routines.
If you have thought through the benefits and drawbacks of moving to a smaller home and it is something that you would be interested to explore, please contact my team and me. We will be happy to talk you through the process of finding the home that is the right size for you.
“Anthony’s advice and assurances during these times helped us achieve another record-breaking year, states Maribeth Lynch, Founder of Thrive Real Estate and Lamacchia Realty REALTOR®.
“When the opportunity to merge with Lamacchia arose, the timing was perfect. We knew both our clients and agents would benefit from this partnership, allowing everyone to THRIVE. Having gotten to know the leadership team at Lamacchia has made our decision to merge with them an easy one. Our values are very much aligned, and we know that offering their robust marketing and training will benefit both our clients as well as our beloved agents.”
Along with Maribeth and Rick, five REALTORS® will join Lamacchia Realty, including
Briana Willander,
Ashley Davidson,
Whitney Andrews,
Mike Andrews, and
Tracey Calo. REALTORS® of Thrive are like-minded professionals who work in unison and pride themselves on local knowledge and creative problem-solving, all for the benefit of clients.
As the broker-owner of Thrive Real Estate Specialists, Maribeth has been and will continue to be devoted to serving both her clients and her community with integrity, sincerity, and a can-do attitude. Her firm welcomes opportunities to give back and be charitable in meaningful ways and Maribeth believes in the importance of service. The Massachusetts Commission on the Status of Women selected her as a 2022 recipient of The Commonwealth Heroes Award, and she was a 2021 recipient of the Gratitude Project Award from the Massachusetts Association of REALTORS®.
“We are so happy to have Maribeth, Rick, and the rest of the Thrive group joining forces with the company, states Jackie Louh, Chief Operating Officer, Lamacchia Realty. “Maribeth is a well-known and respected Broker in Worcester County, and we are honored that she chose Lamacchia. We are excited to grow even more in that area and Maribeth is the perfect person to help us do just that!”
Maribeth along with the REALTORS® at Thrive Real Estate has been involved with many organizations over the years, most recently: REALTOR® Association of Central Mass- Committee Chairman, Broker/Owner Task Force, REALTOR® Association of Central Massachusetts- Board of Directors 2025, Shrewsbury Zoning Board of Appeals, Chairman, Shrewsbury Town Center Association, Founding Member, Shrewsbury Yuletide/Light the Commons, Committee Member, among many more. In addition to being involved, they also advertise and support the College of the Holy Cross where Thrive is prominently displayed on scoreboards and other places.
Lamacchia Realty’s already very aggressive marketing campaign in the region will dramatically boost the company’s market reach and help add more top-rated REALTORS® to the Shrewsbury office. The marketing plan features billboards on Route 9 and other major roadways, social media posts, postcards, newspaper ads, and much more.
All home buyers, sellers, tenants, landlords, REALTORS®, and other brokerages in the area should know that it is business as usual at the company. There will be no interruptions in service to any clients anywhere. In the weeks to come Lamacchia’s management team and staff will work with Maribeth, Rick, and all the REALTORS® at Thrive who are now Lamacchia Realtors to slowly implement Lamacchia’s suite of lead products, services, training, technology, and more.
This marks Lamacchia Realty’s ninth acquisition in Massachusetts in the past year with the prior acquisitions in Pittsfield with Home Sweet Home Real Estate, Dalton with Berkshire Dream Home, Easton with Briarwood Real Estate, Auburn with Emerson Realtors, Springfield with Sears Real Estate, Falmouth with Foley Real Estate, Fall River with Right Choice Real Estate, and Seekonk with Keystone Property Group. Lamacchia Realty is excited to bring on even more REALTORS® in MetroWest and Central Massachusetts markets in the weeks and months to come.
As a full-service, value-based brokerage, Lamacchia Realty’s mission is to empower its staff, REALTORS®, and clients to achieve success. The company provides unmatched training, systems, and technology, equipping employees with the tools they need to thrive and grow in their roles. Lamacchia Realty takes great pride in its strong culture of support, which has contributed to an impressively high retention rate. Culture is at the heart of the company, with every staff member and agent playing an integral role in maintaining and enhancing it, helping them continue to grow!
