Every homeowner considers downsizing their home at some point. You may want to do it when the kids leave to be on their own, and you do not require the extra space. Retirees downsize to switch to a simpler lifestyle and use the extra money for traveling and long-term care plans. You may want some extra cash for business or an emergency need, and downsizing may be the only option. But moving to a smaller space may be a complicated decision as it involves several factors and considerations. Let us share some valuable downsizing advice to make the process a breeze.
Downsizing is not an instant decision in most cases. You will probably have it in mind several years before the actual move unless you have to do it in an emergency. So planning ahead makes sense. Consider details like the budget and size of the new home, how much stuff you want to donate, and which moving company to use. Advance planning makes the process hassle-free, and you can focus on finding the perfect property..
Purge regularly to eliminate clutter
As you plan ahead for downsizing, you must go on a decluttering spree more often. Purge your living space every few months to get rid of the unwanted stuff. At the same time, you must commit to steering clear of unnecessary shopping. Decluttering your house does not make sense if you replace the eliminated items with new belongings. Move toward a minimalist lifestyle to pave the way for downsizing.
Limit your downsizing expenses
Most homeowners want to save as much as possible when moving to a smaller home. The last thing you should do is spend a fortune on buying a new property because it will only cut your margin. Look for saving opportunities wherever you can find them. For example, you must compare conveyancing fees to find the best services on a budget. Look for savings on real estate commission. Find good deals while looking for moving and relocation services. Small efforts can help you make massive savings as you downsize homes.
Vacating a home where your kids grew up is not easy as you have endless memories of the place. You must preserve them and take them along to relive the happy days you spent together. Take pictures of the place, but do not print and frame them as you will probably not have enough space to hang or store them. Scan the photos onto your computer for digital versions instead. You will not miss out on memories, even if the new house is smaller.
Be kind to yourself
Downsizing is perhaps the toughest transition you will ever make, so you deserve all the kindness and self-care you can give. Remember that you may feel overwhelmed, so give yourself time to adjust to the smaller space. Surround yourself with loved ones to make the move comfortable physically and emotionally. You need not eliminate everything, so do not feel guilty about holding on to things having sentimental value. Finally, take a break if you are emotionally exhausted.
Moving to a smaller place is a sensible decision when you do not require a large house. But the process should be comfortable and systematic to make it emotionally and financially rewarding.
Katheryn has been working with Outreach Monks for almost two years. She specializes in writing about real estate niche. Her writings have the effect of sharing her knowledge with her readers.