How To Downsize Your Home: 10+ Tips To Help You Declutter And Simplify
When to Downsize Your Home: 7 Signs It's Time to Put That Big Old House on the Market
Tips to make downsizing later in life easier
There's no real need to downsize if you're opposed to the idea, but often it can offer a greater quality of life with the money you make from the sale. ... You may struggle to find a smaller property in your area or feel that even the smaller homes are too expensive for you to truly benefit from the sale.
Homeowners age 65 to 74 who downsize sell a $270,000 home and purchase one for $250,000, on average. Home values have gone up 8.7 percent over the past year and are expected to rise another 6.5 percent within the next 12 months.
Though homes can be valuable assets to own, they shouldn't be purchased primarily for investment. Owning offers stability, tax benefits, and equity, among other perks. Renting provides more flexibility and liquidity, and you'll spend less money (and time) on maintenance.
Disadvantage: Lack of Opportunities
Downsizing means fewer available positions within a company, and some workers will probably have to be terminated. It also means existing employees who are kept employed will have fewer opportunities to grow and rise to higher positions within the business.
People with hoarding disorder have been made famous by the A&E documentary series "Hoarders," which follows individuals as they struggle with debilitating amounts of clutter in their homes. People with hoarding disorder acquire lots of stuff and are psychologically unable to throw it away.
Do rapid-fire decluttering
It's like the 5-second rule for decluttering. Just start tossing items into a “keep” or “discard” bin and don't give your brain time to think about it. This is a genius way of getting rid of half your stuff fast!
Downsizing Changes Your Life for the Better
When we know we can easily be happy in a smaller space we lighten our load. When we feel secure we may realize we don't need things to make us feel complete. ... Minimalism saved my life and freed me to make my experiences more important than my possessions.
We have had absolutely zero regrets about downsizing and in fact, we have talked about doing it again. The freedom that you find with a smaller house is something we have fallen in love with and would gladly do it again were we to find a house we loved more than this one.
The average living space required for a family of four to live comfortably is around 2400 square feet. It is widely believed that each person in a home requires 200-400 square feet of living space. The average cost to build a home of that size will range between $147,000 to $436,000.
Smaller homes are often more energy efficient because they have less space to heat and cool, which means they have a lower ecological footprint. Less Cleaning and Maintenance Required. Fewer rooms means less time spent on cleaning and home maintenance.
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