Downsizing to your Darien Dream Home

Let’s face it, the economy has seen better days, home values are down, the stock market is unsettled. Many of my friends are asking me if this is the time to invest in Darien/Rowayton real estate. I believe the answer is yes. With many of you looking to cut costs a great way to save money is to downsize the square footage of your home.

Think about the money you can save by downsizing. You can lower your taxes, cut down on maintenance and service fees for repairs and upkeep and lower your heating and cooling costs. The money you save is money you can put in the bank. Also buying a new home in a soft market gives you the opportunity to get the most for your money.

Another trend I am finding is that many of my friends are talking about selling their family homes in a few years, when their kids go off to college. I keep saying, “why wait”. If you are intending on buying a smaller home in Darien or Rowayton, now is the time. Interest rates are at historical lows, inventory is at an all time high and prices are negotiable. Your dream cottage on the water is finally within reach.

If history is any predictor the housing market in our area will comeback strong. Housing prices will once again rebound and real estate will once again pay off.