Downsizing from a large house to a condo can save you a significant amount of money every month on utilities and general living expenses. However, it can be a difficult transition to make if you’re used to having plenty of living and storage space.
Reasons to Downsize
If you’re considering downsizing, you’ve likely either experienced a major life change, or you’re just tired of the cost of living beyond your means and the responsibility of upkeep and maintenance. You’re not alone. Recently, a growing number of like-minded people have spawned a movement that encourages simple, sustainable living without the material burdens of the traditional “white picket fence” lifestyle.
If you’re unsure about whether downsizing is right for you, start exploring loan options through a website like PennyMac to run some numbers to see how much you can save on your mortgage if you go ahead and downsize now. You’ll likely find that downsizing can be a particularly beneficial and affordable decision if you want to live closer to the amenities and entertainment options that a city provides.
The hardest part of downsizing is figuring out what you can part with and do without, and maintaining that mindset once you’ve committed to such a lifestyle change. A well-planned and organized approach to downsizing can take the pain out of the whole process, and help you enjoy the financial and logistical fruits of your decision. If you feel overwhelmed by the task of downsizing and organizing your stuff, consider hiring a home organizing consultant.
The first step is to know what you’ve got. Spend a couple weeks taking a good, thorough inventory of your belongings. From there, you can begin the work of deciding how to dispose of the excess. Remember, it’s all about freeing yourself of burdensome physical possessions, so don’t overlook the smaller items like books or DVDs. These are the kinds of objects that tend to pile up and create clutter.
Once you’ve got a handle on what you own, start making lists of what you’ll throw away, which objects you’ll donate, and what you can afford to take with you. Go room by room and separate each list into separate piles, so that you have physical results to
work from. If you have expensive items that you don’t have room for, consider holding a garage sale or auction so that you’ll turn your work into some profit.
Measure and Photograph
Once you’ve weeded through the clutter, you can start planning how you’ll order everything in your new, smaller home. Try taking pictures of the rooms in your condo and getting accurate measurements, so you can plan where you’ll place your furniture and store your other possessions. Consider hiring professional movers who you can rely on to be careful about placing packing boxes in the right rooms. Professionals are always a good idea because they’re fully insured, experienced at packing carefully, and will save you money in the long run.
Maintain Your New Mindset
Be careful to stick with your new mindset once you move. Keep objects in their proper place,such as the mail, bills, important documents, shoes and coats. Clutter happens imperceptibly, piece by piece, unless you’re diligent. Decluttering and simplifying your life is why you decided to make the transition to a new, streamlined lifestyle.
Get the whole family involved in keeping control of the household. Assign room responsibilities to your kids and reward them for keeping everything in order. If you have old furniture that won’t fit or is out of place, consider replacing it with multi-use items like an ottoman, pull-out couch or recliner.
Downsizing can be a freeing experience if you’re willing to embrace the concept. You can expect to save money, energy resources and time by stripping away the possessions thathave been a burden for years. You may find yourself wishing you’d made the change a long time ago.
Are you looking to sell your home so you can downsize into a condo? The Paige Yates Team is here to help! In addition to guiding you
through the sales process, one of our dedicated agents can help you find the perfect condo to call home. Reach out today! (617) 612-5714