Many people associate downsizing living conditions with needing to adjust their indulgences to reduced income, but there are many reasons why someone may opt for that outcome.
Perhaps your children have flown the nest and you’re looking for a more affordable mode of living, knowing that the extra bedrooms are no longer as necessary as they once were. Maybe you’re restructuring family assets after working with Freed Marcroft divorce lawyers for the best settlement. You might just have found a worthwhile job in a new city and are looking to start fresh with a lovely new start.
All of these reasons are valid and can be necessary. But no matter what your reasoning is for downsizing, you no doubt wish to do so effectively. In other words, you want to get the most value you can from the effort, so the process will be worth it.
But what could that look like in practice? In this post, we’ll discuss all of that and more:
Make Smaller Spaces Multi-Functional
Rather than simply trying to fit your existing belongings into a smaller area, consider the functionality of each space and what you could do with it. This means thinking about how every room, nook, and cranny can best serve your daily needs. For example, you might purchase a living room sofa with a pull-out bed utility, so that if you have a guest to stay, they can always sleep here as opposed to an unused spare bedroom. Little measures like this can ensure you retain the standard and utility of living you’re used to, only in a smaller space.
Sell For Your Budget
To enjoy a better downsizing budget, it can be worthwhile to sell off some of your unused assets or possessions to fund this move. For example, it may be that your children have flown the nest now. That could mean that selling your larger people-carrier vehicle and instead opting for a smaller city-runner hatchback can save you a great deal in insurance, fuel and outright purchase expenses, ensuring you have thousands more prepared for a nicer, smaller home. Moreover, using this as an excuse to clear out old and unused possessions can solve two problems, one of your budget and the other of having too many items to store.
Identify Your Exact Needs
It can be hard to downsize if you’re not used to it, because each decision might seem to be focused around what you need to remove from your life as opposed to adding to it. That said, if you curate a careful plan that lists explicitly what functionalities you do need - be that a home office, gym, garage, driveway, a garden to grow vegetables and more, you can then look at downsizing your unnecessary needs, such as being fine with living in a house sans a basement space. This can make the downsizing process easier, more comfortable, and very exciting.
With this advice, you’re sure to downsize effectively and without losing out on the daily functionality you enjoy.