Every now and then we get to reach genuinely defining moments in our lives, and it’s always in those specific instances that we tend to ask ourselves the big questions – the really important ones that could help us reassess who we truly are, what we actually have and what we really want. And finding ourselves at the notoriously tricky crossroads after a life-changing event is only a prelude to some important decisions with potentially major repercussions for the rest of our lives.
Have you been thinking about downsizing your home and all the clear benefits it will introduce to your new life? How often do you get tempted to move into a smaller home and thus take advantage of the indisputable advantages of having less living space? If you:
- have just retired from years of hard work and are looking for a good way to stretch out your life savings by moving into a smaller home and thus lowering effectively your property taxes, rents, mortgage payments and even insurance,
- have had your adult children move away from the family house and have been wondering what to do with all the unused rooms in your home,
- have been feeling overwhelmed by the countless useless stuff in your home and are looking for a fresh uncluttered start in a new smaller but completely clutter-free home,
- have been feeling exhausted by the tough work of maintaining you property and will welcome any proven method to reduce the household chores and free up more time to enjoy the things you love but didn’t have time for until now, or
- have been looking for ways to increase your disposable income as the financial situation you’re in right now is definitely not looking very promising,
then yes, you must have considered moving into a smaller home at least once.
There are numerous reasons to downsize your house, either on your own volition or by force of unfavorable circumstance, and thus give up a sizeable chunk of your living space in the downsizing process. Giving something up doesn’t mean that you won’t win something else in return, right? And when it comes to downsizing a home, that principle of “Give and you shall receive” is stronger than ever.
Is Downsizing Your Home A Good Idea?
Depending on a number of factors, downsizing your living space can prove to be not only the right move for you but also the stroke of genius that will bring the refreshing and much needed change in your life.
Downsize your home to save money
In most cases, the decision to downsize your home when moving will let you save money and even get more cash in several different ways.
First of all, you can pocket some additional money from selling all the no-longer-needed household items and personal possessions that won’t fit in your new home due to its reduced space. Every downsizing instance is preceded by a serious home decluttering process which will help you redefine your views on household practicality and living space management. Read on to find out more about the tough decisions that await you while desperately attempting to reduce the staggering number of items you have managed to accumulate throughout the years.
Secondly, if you’re selling your present big house or apartment and purchasing a smaller and less expensive home for you and your family, the price difference will go straight into your savings account. Well, not the entire sum as the real estate commissions, the upfront tax, the insurance costs and the removal costs will, sadly enough, eat up a considerable amount of money out of your profit.
And finally, the maintenance costs of your new smaller house or apartment should be much lower than what you’re paying right now. Downsizing your house is a great way to revitalise your disposable income and give it more breathing room – your monthly mortgage or rent payments will be more affordable, as will be property tax and home insurance; also, your energy bills (heating during the winter, cooling during the summer and overall home illumination costs) will be considerably lower. Also, fewer things around your new house will incur additional expenses for regular cleaning, occasional repairs, and a score of other unexpected maintenance expenses.
Downsize your home to save time
And having less living space to maintain will magically free up more time to do all the things you’ve never found enough time to do until now – dedicate more time to yourself, get to spend more time with friends or family, take up a new hobby or resume an old one, travel more often to exotic destinations, meet exciting people, fall in love. You will be the master of each and every extra minute and hour that the act of downsizing your home created for you.
It’s possible that you get the occasional pangs of nostalgia for your old big house where there was always something to do and where the term “free time” was only a sweet dream. If that happens, remember all the times you wished you had lived in a smaller, cozier and less cluttered home with much fewer daily chores to tend to.
Downsize your home to free your mind
Downsizing from a big house to an apartment or a smaller house can be a mentally freeing experience as well. The mental freedom usually comes from not having so much useless possessions and unused space around you. The idea here is that the more material things one owns, the more energy one will require to keep their mental equilibrium. The welcoming sense of liberation is usually a direct result from the sudden realization that, with fewer possessions to weigh you down and a perfectly decluttered, eco-friendly and manageable home, life can be so much easier, simpler and more “natural” than ever before.
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