Homeowners are beginning to understand that bigger is not necessarily better. It's far more important to live in a space that fits your current needs perfectly. And sometimes that means moving into a smaller place. I know, it's easier said than done.
Regardless of what your reason for downsizing might be, whether it's to live a simpler life, save money or because the children have moved out, there are a few important factors you need to consider when making the move.
1. What your needs are
This is the first and most important aspect you should consider when #downsizing your home. In order to make the process as seamless as possible, you need to be able to asses the actual needs you have.
Take a good long look at how you live your daily life. Are there some activities you're not going to be able to do once you move into a smaller space? And what are some of the things you're finally going to be able to do?
It's important to envision how your life is going to change once you move. Change can be good, but you shouldn't treat this part lightly because the way you manage it can have a huge impact on your lifestyle, and ultimately your happiness.
2. Downsizing means adapting
And it's not just about learning to live with less stuff, which can be a great relief by the way. Where you live has a great impact on your lifestyle. Keep in mind that downsizing means adapting to reduced living spaces.
Don't worry, it's actually possible to get more out of less.
3. What the overall cost of downsizing is
The main reason that most people downsize is to reduce costs and increase their spendable income every month. And those are all real benefits that come from making the transition to a smaller property.
However, you need to keep in mind that there could be some unexpected expenses when it comes to the total cost of moving as well. For example, you might need to buy new furniture to fit your new space better. Also, you might have to rent a storage unit until you can get rid of all the belongings you don't need anymore.
Downsizing Your Home Can Help You Open a New Chapter
Moving into a smaller space can turn out to be a smart move, but it does come with its own particular set of challenges, as you've seen in this article.
Downsizing can feel like a step backwards, but it could actually mean taking a step forward, one that opens a new chapter in your life. You might be surprised to find out you're actually happier living in a smaller home.
If you're looking to downsize your home in Winnipeg and want a real estate agent who knows where the smaller and good-quality houses are, then I'm your guy!
Also, if you have any thoughts or concerns when it comes to downsizing your home, I'd love to see them in the comment section below.
— Donnette Gilbert (@d_gilbert_remax) October 22, 2015
About the PublisherBo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist. Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages. He can be reached easily By E-Mail or call/text him Call/Text Here
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