Downsizing Your Home: What You’re In For and How to Start

October 10, 2022
Downsizing Your Home

Downsizing Your Home Brings Advantages

You need not be retiring for you to consider downsizing your home. But it is commonplace to find old couples or empty nesters who choose to cut down on space and let go of stuff they no longer need. It is also not uncommon for millennials to keep their possessions at a minimum as they desire to invest more in traveling. 

Regardless of the reason, it remains that downsizing a home brings several advantages to homeowners. Mind you, there is simply no recommended or specific point in someone’s life wherein downsizing his or her place of residence should happen. But apart from the obvious, there are unexpected benefits of downsizing your home.

Augmented cash flow and lower bills

Augmented Cash Flow and Lower Bills

This is somewhat of a no-brainer. If you opt to get a smaller space, it means you won’t have to spend money on a huge mortgage. On top of that, monthly fees such as electric and water bills, alongside insurance costs, can be reduced dramatically.

As these stands, you will be able to save more money to spend on things that matter more like education and other basic needs.

More personal time

More Personal Time

Maintaining a smaller home means you will not be compelled to spend too much time on chores. This means you can allot more time to hobbies, studies, sports, or passion projects. Having more time for such things allows more room for personal development.

Peace of mind

Peace of Mind

Less clutter and clearer spaces give your head some room to breathe. Not having to deal with so many distractions makes it possible for you to find peace of mind.

5 Tips To Get You Started

We don’t have to tell you that the benefits above sound good. You already know they are. So if you’re thinking of downsizing and decluttering your home, here are a few tips that could help you start.

Think about your new lifestyle

Think About Your New Lifestyle

Contemplating what you want to gain from downsizing is the first step to making it work. You need to plan how to reset your lifestyle by getting rid of what is otherwise irrelevant clutter.

You need to understand your goals so that you would be able to stand by them when the process kicks in. Look into the opportunities that it will create. Imagine how you are going to enjoy the result.

Know your space

Know Your Space

Get to know your property again. Look at the space you aim at revitalizing and determine how you can make the best out of it by taking out what might no longer be necessary. 

If you are clearing out your entertainment room, ask yourself for what purpose it will serve now that you’re letting go of plenty of its former effects.

If you are moving to a smaller home, plan how to maximize each space so that nothing goes to waste.

Have rules for decluttering

Have Rules for Decluttering

You need to set down some ground rules to know in what direction you would be heading to your decluttering effort. This allows you to set a goal in clearing out your space, giving you a clear idea of what to keep and eliminate. 

Repurpose and digitize

Repurpose and Digitize

If there are things that you want to keep, you can always opt to upcycle or repurpose them so that they would still prove useful in your new space. Look into your clutter and see if there is anything in there that can be turned into wall art. If you have an old chest from your childhood, why not turn it into a seat or linen storage? The possibilities can be limitless.

If you have keepsakes that are broken but you want to memorialize them, why not digitize them and post them on a blog or online album? That way, you can still share them with others–tell your audience what makes the piece special.

Donate

Donate!

Donating to charity is never a waste. You allow people with less to enjoy the things that you had previously loved. Donating is always a good way to help others as you train yourself to let go of the past.

Less Is More; Learn to Let Go 

Adhering to the principle that less is more, downsizing is a good way to save up and rethink your lifestyle. 

We hope that these downsizing home tips inspire you to think about what you value in your life. Remember, not just because you live a life of plenty that means fulfillment will follow; there is always room for you to learn to let go to invite what may be of greater value.

For more real estate tips, always visit our blog or connect with us in our socials:

Facebook: https://www.facebook.com/collingsrealestate/

Instagram: https://www.instagram.com/collingsrealestate/

Youtube: https://www.youtube.com/c/CollingsRealEstateNorthcote/videos

Read about the popular downsizers’ suburb options:

Scroll to Top