There are plenty of reasons why downsizing your home can be a good move. It can save you lots of money and energy, relieve stress and free up your time for leisure activities.
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.
Add us to your Daily Routine on Alexa. Go here to add to Alexa in the Canadian Skill Store.
Are you interested in more in-depth real estate information? Check out our podcast, available on most podcast platforms.
Do you have an Android Phone? Add our Free Podcast App Here.
Do you have an I-Phone? Here is our iOS version of the podcast app.
RT: EJBroyles RT DelilahVeronese: Have you seen these cute tiny homes? Great for #Investing or downsizing. #RealEs… pic.twitter.com/fJIffhe7I8
— Donnette Gilbert (@d_gilbert_remax) October 22, 2015
