It’s essential for your rental home to align with both your needs and lifestyle. If your situation has recently shifted, you might be asking yourself whether downsizing to a smaller home is the right choice. While extra space and additional bedrooms may suit some, they also come with the burden of increased cleaning and maintenance.
As the common phrase goes, “More isn’t always better.” Sometimes it’s simply more.” Before you decide to downsize your rental, let’s think about a few factors.
When downsizing makes financial sense
Larger rental homes typically come with higher costs in most places. These homes are also more expensive to maintain and have increased utility costs. This is a major reason why people consider downsizing—to cut costs. If your financial situation has shifted, downsizing your rental home might be a good choice.
Even if you can afford a larger home, it’s worth considering what else you could do with the extra money, like pursuing a hobby, traveling, or investing. Shifting your perspective in this way can guide you to a decision that prioritizes both space and financial well-being.
Reducing clutter and simplifying your living space
If you’re thinking of downsizing, consider your possessions and what you intend to do with them. Larger furniture, heirlooms, or collections might not fit comfortably in a smaller rental property.
Paying for a storage unit is an option, though the monthly costs could build up quickly. Be sure to check if the storage unit is climate-controlled, as temperature changes and dust can ruin your treasured items. Try minimizing your possessions before moving into a smaller rental, if you can.
Spending less time cleaning
Comfortably navigating your rental home is an essential factor in choosing the right one. If your current rental has stairs or features that make it hard to access, you might want to downsize to a single-story home.
Smaller homes require less effort to clean and maintain, making them a great option for those who prefer to spend their time on other pursuits.
Living closer to specific amenities
If you’ve been eager to live nearer to cultural centers, nightlife, or other attractions, this could be reason enough to think about downsizing.
Homes near high-end amenities are usually more costly, but by downsizing, you might find something affordable that keeps you close to the places and events you enjoy.
Is downsizing the right choice for you?
Maybe you’re thinking of downsizing because your life and priorities have both changed. If the kids are grown and out of the house, and retirement is approaching, you may have big plans to spend your free time outside of home. Downsizing to a smaller home could be the answer, offering you the freedom and flexibility to pursue all the things you’ve been dreaming about and more.
When you’re ready to find a new rental home in Orlando or nearby, Real Property Management South Orlando is here to assist. Our rental homes can accommodate different stages of life and a variety of lifestyles. We’re here to help you find your perfect rental home! Browse our available listings today and start your downsizing journey!
Originally Published on September 24, 2021
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