Downsizing may sound scary, but it can help you start fresh as you begin the next chapter of your life. From retiring to simplifying your life, there are many reasons to downsize. If you’re considering a move to a smaller house or condo but feel overwhelmed by it, here are some useful tips to get you started.
Decluttering and Reorganizing
After deciding that downsizing is right for you, it is time to declutter and reorganize. Start small and start as soon as possible. You don’t necessarily need a large block of time to tackle it all at once. Instead, pick a drawer to go through today, and then maybe pick two tomorrow, and so on. Or, if you prefer time-based tasks, set a timer and spend just 30 minutes a day shredding old documents you don’t need and reorganizing items you do need.
As difficult as it is to determine whether your sentimental items go into the “yes” or “no” pile, it is vital during this process. In Marie Kondo’s book, The Life-Changing Magic of Tidying Up, Kondo teaches a decluttering method that has gained popularity worldwide. You can also learn more about the KonMari Method in our article, Tips and Tricks to Get (and Stay) Organized.
Ways to Finance Downsizing
Downsizing comes with both buying and selling a home, so here are some loan options to help you achieve your goals if you need to finance your move. From Bridge Loans to a HELOC (Home Equity Line Of Credit), there are different options to consider. Doing your research and managing expectations will go a long way. This includes getting an accurate estimate of what your current home is really worth. Our local experts can provide a free market analysis.
If downsizing will mean moving away from your community, saying goodbye will be the most challenging step. Spend as much time as possible with your local friends and family before it’s time to say goodbye. Though it can be difficult to break the news, telling loved ones as early as possible can help everyone process and prioritize as much time together as possible.
If you’re moving from a large house to a smaller townhome or a cozy condo, you may want to start fresh with some space-saving, multifunctional furniture. Sofa beds like this one from Pottery Barn are an excellent option for when you have guests. A bench like this one from Crate and Barrel gives you extra storage space. Coffee tables like this one from Wayfair can turn into desks. We recommend buying furniture that fits your lifestyle and maximizes the space in your new home.