Lifestyle

Small but sublime – the benefits of downsizing

downsizing

Maybe you’ve noticed that more and more people are beginning to think small. With the cost of housing, energy and interest rates on the rise, people are realising that bigger doesn’t necessarily mean better, and that downsizing to a smaller home makes a whole lot of sense. Whether you’re an empty nester who no longer needs a big space now that your kids have grown up and moved out, a senior ready for a lower-maintenance lifestyle, a single person on a budget, or a young family keen to reduce your mortgage stress and build up your savings, scaling back has a multitude of upsides.

 

Get a fresh start

No matter what your reason for downsizing your home, you can take the opportunity to get rid of all the clutter you’ve accumulated over the years, streamline your possessions and do some creative curating for your new space. Keep the things that hold true meaning and get rid of anything you just don’t need anymore. Hold a garage sale to drum up some extra cash to start your new chapter or donate those surplus items to charity.

 
Save money

A smaller home requires less furniture, appliances, electronic equipment, decorative items, floor coverings, and all the other bits and pieces you need to fill up a large, multi-level, multi-room space. Downsizing also means a potential reduction in your mortgage – or, if you’ve built up enough equity, even going mortgage-free. Goodbye financial stress, hello healthy savings account.

 
Cut back on maintenance

Let’s face it – a big house needs constant cleaning, repairing and general upkeep that is costly, time-consuming and stress-inducing. Scaling back means fewer chores and trips to Bunnings that eat up your weekends: you’ll have more time to relax and spend quality time with family and friends, and generally to enjoy a more balanced lifestyle.

 
Strengthen your ties

Closer quarters means closer family bonds. It’s too easy to spread out and do your own thing in a sprawling space. Learning to live together when you downsize to a smaller home can lead to more sharing, socialising, cooperation, organisation and compromise.

 
Reduce your energy consumption

In addition to the money you’re already saving, downsizing to a smaller home can lead to reduced costs for heating, cooling and running your utilities and household appliances. If lower energy bills aren’t incentive enough, consider how significantly you’ll reduce your family’s carbon footprint. The planet will thank you for it.

 
Simplify your life

There’s a reason why minimalism has become so on-trend. Living lean and spending your money on actually enjoying your life, rather than just accumulating stuff, could offer you a much more sustainable and stress- free existence. With a little extra money in your pocket, to boot.

 

Let us help take some of the stress out of your move.