Real Estate January 25, 2024

Downsizing – What is it and how do I know if it’s right for me?

Downsizing is the act of simplifying your living situation.  It could be because of finances, house or property being too big or just too much, change in job/retirement, or the need/want to be someplace new and less complicated. It’s a personal choice that depends on your life situations.  It can be as simple as moving to a smaller house in the same neighborhood, to moving to a new state that may be more affordable. Some people downsize to be closer to their kids or grandkids. Or they move because they want their kids to be closer to them (i.e.: move to someplace fun or cool and they will follow – or at least come visit often)

Knowing when to make the move is the hardest decision. Once you decide it’s time, the second hardest is finding the new place. If you know your location, you are already halfway there. If you don’t, write down your hopes and dreams. You might not achieve them all but it’s a start. What kind of climate do you want, what kind of activities, town or country, near water or mountains? The great thing about downsizing is envisioning a brand-new start. It can be anything you want it to be – mostly. A new adventure awaits!

The simple act of moving, in and of itself, will likely force the issue of downsizing. You’ll have to pack all your stuff – or find new homes for it – or even, heaven forbid – throw it away! It can be a cleansing of sorts. It can be overwhelming. It can even be fun – yes it can!  What you want is a plan. And if you are not a planner, work with someone who is. That’s where the fun comes in and here are a few tips for you:

  1. Start early: Downsizing can take time, so it’s important to start early. Begin by decluttering your home and getting rid of items you no longer need or use. Start with one room at a time.
  2. Get organized: Organize your belongings into categories such as “keep”, “sell”, “donate”, and “trash”. This will make it easier to keep track of your items and ensure that nothing gets lost or misplaced.
  3. Measure your new space: Measure the space in your new home to ensure that your furniture and other belongings will fit. This will help you decide what items you need to get rid of and what you can keep.
  4. Consider hiring a professional: If you’re feeling overwhelmed, consider hiring a professional organizer or Realtor (I know a couple) to help you with the downsizing process.
  5. Take your time: Downsizing can be an emotional process, so it’s important to take your time.

If you are considering downsizing or would like to talk more about it, take advantage of working with your trusted Realtor to help make this change in life. It can be very fun if approached in the right way, with the right guidance, and with the right people along to support you.