Down-sizing in business is the practice in which a company or business enterprise decides to reduce the number of employees who are on the payroll.
However, in the real estate field, downsizing is actually not a negative thing as it may be perceived in the business context. It involves moving from a larger house to a smaller one. Different individuals engage in this practice for several reasons. The practice in itself has a number of benefits that could be of importance to an individual. Some of these benefits are as follows:
It is therefore evident that downsizing is very important and advantageous especially if you don’t need the room and can save yourself money and time.