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Post-property division downsizing can be a positive move

For those in Maryland who are preparing to divorce, finding new living arrangements can be a top priority as well as an area of concern. Once the details of the property division settlement have been ironed out, many spouses will find that they need to downsize in order to maintain financial stability. For those who feel a connection to their family home, the idea of moving on to a smaller or less elaborate property can seem depressing.

It is important to understand that there are many reasons why a downsizing move can be a positive thing. For one, taking care of a smaller and simpler property is usually far less expensive. That means more room left in the budget for saving, investment or otherwise structuring one's new life.

It should also be noted that taking care of a smaller home requires less effort, which is important when an individual will be the only adult residing in the home. Less square footage means less time spent pushing a vacuum, dusting or otherwise straightening up the home. For those who choose to rent after a divorce, maintenance and repair matters will become the responsibility of the landlord or property manager.

As with so many things about divorce, downsizing can be looked at in a number of different ways. For those in Maryland who choose to look toward the positives, moving into a smaller and simpler home can be an empowering experience. Once the property division portion of a divorce has been settled, both spouses should create a budget and determine how much to spend on new housing arrangements. From that point forward, it is easier to find the best possible housing fit.

Source: TheĀ Washington Post, "Divorce, and moving from a big house to a tiny apartment", Christina Adams, Oct. 18, 2016

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