7 Reasons for Downsizing Your Home
You may think of downsizing as simply reducing the size of the property that you live in. Actually, it’s about far more than that. Making the decision to downsize your home also involves making some very important changes in your life. These changes can have several positive impacts and turn your life into a happier and less stressful existence.
There are many reasons why downsizing could be a good idea for you. Seven of the most popular can help to give you the financial, practical and emotional lift that you are looking for.
Reducing the amount of mortgage that you owe
Owning your own home is a major step in life. Unfortunately, most of the time, the property comes with a mortgage attached. You may start off by thinking of owning a home as your first exciting foray into adulthood, but having a large mortgage around your neck can start to feel like too much of a burden as time progresses. Downsizing gives you the opportunity to reduce your mortgage, and release some additional free cash each month, so that you can start to enjoy life more fully
Saving on energy consumption
Energy bills for a large property can be huge. You can end up trying to only heat the rooms that you need to, but doing so can often lead to other problems such as damp. If you are struggling to afford to heat your whole property, maybe it’s time to downsize. The less space you have to provide heat and light for, the less you need to spend on bills each month, You can also have a positive impact on the environment by reducing the amount of CO2 emissions you create.
Releasing money for financial obligations
The reduction in mortgages, bills and household maintenance, that you can get from downsizing, means that you have more money to spend on other things. This can be really important if you have major financial obligations to fund, such as making sure your child is supported through university or starting your own business.
Creating more time for yourself
If you are living in a large house, you know how much time it takes clean and maintain the property. You often feel as though you have just finished a proper clean of your home and it’s time to start all over again. Tasks like decorating can take several days, or even weeks, This does not leave much time for anything else in your life, especially if you are working full time. Moving to a smaller property means that you can spend less time taking care of your home and more time taking care of you; with evenings out, weekends away or even just a good rest.
Getting ready for retirement
If you are getting close to retirement age, you need to think carefully about the type of home you will need over the next few years. For instance, you may not want to continue climbing stairs or maintaining a big garden. Downsizing at this point in your life means that you can enjoy your home rather than thinking if it as a chore.
Clearing the clutter from your life
It’s not unusual to build-up a collection of clothes, furniture or other items that you do not really need. We live in a society which thinks of “stuff” as being important. The truth is that no-one needs sixty pairs of shoes or several sets of luggage (just in case). The more space you have to store items, the more likely you are to buy things you do not need, and keep them without ever using them. Moving to a home that is smaller encourages you to get rid of the clutter in your life. You can recycle items, sell them or donate them to charity.
Saving your energy for the good things in life
Living in a smaller space is often easier. You do not have to use as much energy to maintain and clean the property. This means that you have more energy to do other things with your life, such as taking a dance class, walking or volunteering. Taking part in activities such as these helps you to feel happier.
You can see that there are several reasons why downsizing your home makes sense. It can help you to improve your financial situation, give you more time and energy and turn your life into a happier and more fulfilling one.
If you are considering downsizing and need the expertise of a professional removals company to help you with the move, contact us here for a free removals quote.