Benefits of Downsizing into a Smaller Home

Have you noticed there is a new push for downsizing the way we live? Homeowners are realizing that ‘living large’ doesn’t always mean bigger is better. There are many benefits to downsizing to a smaller home. Whether the decision is voluntary or forced due to unforeseen circumstances, there are benefits to decreasing your home size. If you love saving money, energy, resources, and enjoy saving time on upkeep—there are some benefits, here are some of the benefits of living a ‘cozier life’:

Save money on frivolous living: the more space you have, the more area you feel like you need to fill every square inch with! One of the benefits of downsizing your home is the ability to stop wasting money on furniture, electronics, appliances, and home items that are used to fill space rather than to fulfill a function. Downsizing into a smaller home will help you prioritize your life and only bring what is necessary into your home.

Enjoy the benefits of smaller living: many homeowners agree that living in a larger home leads to greater stress and upkeep. From cleaning, maintenance, furnishing, outdoor home upkeep and the cost to run all of these factors can lead to a home that is stressful. Downsizing your home can be the first step to a minimal and streamlined life.

A smaller home often leads to a happier home: while your home lifestyle varies from your neighbours, many homeowners agree that smaller homes enable the family to bond and work together as opposed to large and spread out floor plan homes. Smaller homes create an environment where family members can get organized and can compromise over living arrangements, sharing closets and making a small home feel cozy instead of cramped.

Save energy when downsizing to a smaller abode: if you have ever lived in a large home you know one of the downsides are energy costs. From heating and cooling costs to saving water in your bathrooms and kitchens, it costs a lot to run a large home. Smaller homes will give you the added benefit of reducing you and your family’s carbon footprint meanwhile you will enjoy a lower energy bill in the warmer and cooler months.

Downsizing can free up your lifestyle for traveling: you may not of considered it before, but your house requires a lot of work when you leave town. From ensuring security systems and doors and windows are properly monitored to monitoring exterior lighting and keeping your grounds up, traveling can often be a burden when you have a large home. If you decide to downsize traveling can be less of a hassle when you need to leave your home for extended periods of time, especially if you downsize to an apartment or an condo.

Downsizing to a new home can help you open a new chapter: for many homeowners downsizing their home can be a new chapter. Whether you are an empty nester who has older children who have moved out or have had a death of a spouse or a close roommate, downsizing can represent a way to start your new life in a new home. Consider opting for a smaller home that could have less upkeep, possibility of a homeowners association that can maintain the grounds and other amenities so you can enjoy your home and not worry about maintenance.

Small home living is enhanced in an urban city: have you ever noticed a one room loft in a busy urban city feels more cosmopolitan than a one room apartment that has 5 times the amount of space in the suburbs? There is something to be said about being amongst other city dwellers—where everyone is living in smaller homes than they would prefer. Make the most out of your urban abode with colour, multifunctional furniture and bring plenty of light into your space. While you may not have the penthouse of your dreams, you can play up your small home living with urban wall art, colourful home décor and lighting.

Splurge on a few key furniture pieces in a smaller home: while many people consider a downsize to mean they can’t make their home look fabulous, think again! Some of the greatest homes are the ones that have style and creative uses of space and proportions. Look to your favourite home designers who specialize in bringing colour and life to small spaces. Splurge on a few key pieces like a dynamic coloured couch that draws attention to your décor and not the size of your room. Beautiful design is about how to functionally use a space, while still being inspired to enjoy the room. Size shouldn’t be a hindrance!

Creative organization is key to small home living: wake up your interiors with creative organization. Bookshelves that are built-in to what normally would be a bare wall can make any space into an instant library. Vertical organization in a small closet can be enhanced with split areas for folded, hung, and drawer wardrobe storage. Downsizing your home will allow you to get rid of the clutter and help you organize only what is essential.

A paired down lifestyle will help keep you out of debt: while this won’t be true for every homeowner, pairing down your small living lifestyle can help you from over spending, over charging, and over buying for your large home. A smaller home will help keep you on a budget and shopping sprees will be curbed because there isn’t enough space to house too many new additions! If you are trying to save money and keep your credit from going into the red, consider downsizing your home—your future will thank you for it.

 

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Hans Taal  Hans Taal

  The name people recommend in Real Estate...

  Sales Representative
  CENTURY 21 MILLER REAL ESTATE LTD.*
  467 Speers Road
  Ontario, L6K 3S4
  Direct Line: 905.339.5270  E-Mail: hans.taal@century21.

 *Brokerage, Independently Owned and Operated

 

 
 
 
 
 

 

 

 

Hans Taal

Hans Taal

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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