Planning to downsize
With daily living expenses skyrocketing, the financial benefits of a smaller home can be appealing as it means a lower bond and more cash to spare. There will also be significant savings on maintenance, utility and insurance costs. Many people simply realise they have too much space for their needs, especially true of older folk whose children have left home. And some people just find the upkeep of a larger property too overwhelming.
Luxuries like swimming pools and large gardens require a lot of upkeep and extra expense and sometimes the sensible decision is to sell your home and seek out a property that is less of a strain on your stress levels and, therefore, enhances your quality of life.
But it’s not an easy decision to make and really demands a change of mindset. It’s almost as if you have to downsize mentally first, and then follow through on how to take action.
If your finances are putting huge pressure on your life and you are getting into more and more debt to simply keep your head above water, then you should seriously consider downsizing.
Before you even start contemplating what size home would work best for you, go through your current space and make a list of items of furniture that you absolutely have to have and then start the process of decluttering. And it is a process. There’s the first wave of “tidying up” – getting rid of or donating disposable items; then comes the “nice to have” wave – this you can give to relatives or sell . . . which leaves you with the “have to have” necessities. It’s also good to allow children to work through this process themselves so that they, too, can adjust to the idea of a smaller home.
If you go through your cupboards, you may wonder where all the stuff you’ve accumulated came from. And you’ll probably find you don’t use much of it. Japanese home consultant and author Marie Kondo became an overnight success with her book, Spark Joy: An Illustrated Guide to the Japanese Art of Tidying. She says: “When you put your house in order, you put your affairs and your past in order, too”. The KonMari Method promises to help make big changes in your life and to “spark joy”.
[Read our previous blog articles on decluttering and simplifying for some good tips.]
The challenges of downsizing
Some people find it difficult to let go of a family home. It’s a place where memories have been made and it’s understandable that there would be some resistance. Take some time to get used to the idea.
The opportunities of downsizing
There are many positive aspects to smaller homes:
Once you’ve made that decision to downsize you want the process to be as easy and trouble-free as possible. So, contact your Leadhome local property expert to talk about your options, and get their support and advice on how to go about selling your home for the best value, aided by the latest technology.
Leadhome is ready to give you all the support you need to make downsizing your home a positive experience, and when all is said and done you will no doubt realise that less is, indeed, a whole lot more.