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Four Things to Consider Before Downsizing

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Many people spend their adult lives dreaming of living in a vast home with acres of space. But, there comes the point in many people’s lives where maintaining a large property is no longer appealing.

Are you at the stage where you don’t need tons of space and find maintaining a large home too challenging? If so, now could be the ideal opportunity to consider downsizing into a smaller property. Before you put your current home up for sale, it is crucial to consider how downsizing will work for you. Here are a few factors to think about before you downsize your property:

  • Will Your Next Move be Your Forever Home?

If you plan to downsize into your permanent home, it must meet all of your requirements. It pays to think about the exact features your new property needs before you commit to a purchase. Identifying must-have features of your new property will ensure it matches your requirements, and you won’t need to move again.

  • What Will Your Budget Be?

Thinking about the amount you want to spend on downsizing is essential. Finding out how much money you can make from your current home is a great place to start. Maybe you have a financial goal you want to reach when selling your existing home? Or, perhaps you want to reduce your outgoings and save on running costs? Downsizing is a big move, so knowing what you want to achieve financially is crucial.

  • How Much Room Do You Need?

Downsizing into a smaller home is an excellent idea, but it needs to work on a practical level. Working out how much room you need in your smaller property is vital. Downsizing into a home and realizing it is too small can be problematic, and you may need to move again. Calculating how many square feet you really need before you start house-hunting will ensure you have plenty of space.

  • Think About Your Storage Needs

Deciding what you want to keep and take with you to your new home is a big decision. It is a good idea to declutter your current home to assess how many belongings you need to move. Decluttering is an excellent way to make a fresh start and only take items you love to your new property.

It is helpful to use a moving company that also offers storage, such as Storing belongings you want to keep but don’t have space for is the perfect solution for your space issues.

How Much Outdoor Space Do You Need?

Downsizing your property usually means you will have less outside space. If you value spending time in your yard, this could be a big adjustment to make. You may want to look for a property with communal gardens to ensure you can still enjoy time outside. Alternatively, a property with a balcony could be the perfect solution. Adding outside space to your must-have requirements will help you find your ideal home without compromising on your lifestyle.


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About the Author

Kaya Wittenburg

Blog Author and CEO

Kaya Wittenburg is the Founder and CEO of Sky Five Properties. Since the age of 10, real estate has been deeply ingrained into his thoughts. With world-class negotiation and deal-making skills, he brings a highly impactful presence into every transaction that he touches.

He is here to help you use real estate as a vehicle to develop your own personal empire and feel deeply satisfied along the way. If you have an interest in buying, selling or renting property in South Florida, contact Kaya today.

Feel free to call me at: (305) 357-0635
or contact via email: [email protected]