There are many reasons why people choose to move to a smaller home. It could be that your children have all grown-up and moved out, so the extra bedrooms are no longer necessary. It might be that you don’t want the commitment of the upkeep a larger property comes with, or perhaps you would prefer something more affordable so you can invest your money elsewhere.
While all of these are great reasons to downsize to a smaller home, make sure you have thought about these five things before you make the move.
1. Storage Space
A smaller property will naturally come with less space, and limited storage areas in your new home is a likely reality. If you are downsizing, you might have already thought about getting rid of certain things, as moving a house is a great opportunity to declutter.
However, it’s important to think about whether your new home has enough space to put all the things you want to keep. If not, are you willing to keep certain items in a storage unit until you decide what to do with them? It will be an additional expense, but usually, these units do come with flexible contracts and reasonable rates. For more information on storage unit options, visit storagearea.com.
2. How Much Room for Guests?
It might just be you, or you and your partner, moving to a smaller property, so you might think you only need one or two bedrooms. This might be fine for your needs, but remember to think about occasions where you might have guests staying with you.
While one spare bedroom might suffice, if you’re having more than two guests staying at one time, this could be a problem. Think about how often this scenario is likely to happen and whether or not your new property can fit them in comfortably.
3. The Cost
As mentioned previously, some people might choose to downsize as they can no longer afford to make payments on a bigger property. If this is the reason you are thinking about moving, consider your new budget carefully and any possible hidden costs that may come with your new home.
A survey on the house will be able to give you further information on the cost of repairs and maintenance work if any is needed, but you should also think if choosing this particular property could mean higher expenses elsewhere, such as increased transport costs if it’s an isolated property, for example.
4. Personal Space
Just like making sure there is enough room for guests when they visit, if you are moving into the property with your partner or a companion, is the home big enough for the two of you? Living in close quarters can lead to tensions, so consider whether or not the property is big enough so that you both can enjoy some personal space away from each other when need to be.
You might not be too fussed about a backyard in your new home, but if you would like to have some private space outside, make sure the property has some. A lot of smaller properties come with limited or no private outdoor space, so make sure you’re not compromising too much if this is something you want.
Downsizing to a smaller home can be a great idea. Just make sure you have considered these five points before you start making serious plans to do so.