The next chapter of your life can be especially scary because it might involve some change. But not all change is bad, and some changes may even improve your life drastically. Taking some time to evaluate your current living situation will make planning the next part of your life easier and allow you to consider if it’s time to downsize.
There are several benefits to downsizing, like lowering living costs and freeing up finances to have the freedom to do as you wish. These are some things to consider when you are thinking about downsizing.
Health Conditions
With age, come new physical challenges. If your home is very large, you may encounter difficulty when you move around, especially so if your home has multiple levels that are accessed through stairs. Walking up and down the stairs may, at the very least, be troublesome and at most, be dangerous. Downsizing to a single-level home can help make it easier to access all areas of your home and allow you to remain independent.
Isolation
Home can be a happy place but when you are living alone it may feel isolating and lonely. Maybe your kids and grandchildren have moved out or you have recently lost your spouse. Feelings of loneliness and isolation are not to be taken lightly as they might impact your well-being, your cognitive function, and your quality of life. Downsizing to a space like a living community near your family and friends may be beneficial to you. A change of scenery may be beneficial, and you may even make some new friends and widen your social circle.
Underutilized Space and Cost of Maintenance in the Home
Think about any space in your home that you think is underused. There might be guest rooms that are only used once or twice annually when any family member visits or large dining rooms that you rarely use on your own. These rooms still take up costs in terms of utilities and cleaning. Outdoor areas of your home like your yard and sheds may also need regular maintenance. While these may seem like small considerations, when added up it might take up a significant amount of your time, energy, and money than you want to invest. If this is the case, then you should consider downsizing.
Finances
As mentioned earlier, a larger home may come with spending more on upkeep. Moving to a smaller space might cost less and free up some money. You may have some extra cash to travel and spend on items you may want for your hobbies.
Simple Home
Having a smaller but decluttered home may help to relax you. Knowing you have enough space to live comfortably with your items without having to wonder where things are can be beneficial to your emotional and mental state.
Downsizing may seem like a huge change to make but if you’ve considered the benefits and feel like it’s something that you want to do, take the first step to help yourself live a comfortable and happy life.
