As a renter, your home needs to fit your lifestyle and personal requirements. Should your circumstances have recently changed, you may be wondering if downsizing to a smaller rental is a good idea. While extra bedrooms and spacious homes work for some, more room also brings more upkeep and cleaning responsibilities.
As the old saying goes, “More isn’t always better.” Sometimes it’s just extra.” Before deciding if downsizing your rental is right, let’s consider a few points.
When downsizing makes financial sense
In most areas, bigger rental homes are more expensive. Maintenance and utility costs are also higher in larger homes. This is one of the primary reasons people start to consider downsizing, to save on expenses. If your financial situation is different, downsizing your rental might be a smart move.
Even if a bigger home is within your budget, think about what else you could use that extra money for, like a new hobby, travel, or investments. This new way of thinking can help you make a decision that’s not only about space but also about what’s best for your finances.
Reducing clutter and simplifying your living space
If you’re thinking about downsizing, take stock of your personal belongings and decide what to do with them. If you own a lot of furniture or collectibles, they may not fit in a smaller rental home.
You could store your belongings in a unit, but the rental fees may become costly over time. Make sure the storage unit is climate-controlled, since heat, cold, and dust can harm your valuable belongings. If you’re able, downsize your belongings before moving to a smaller rental home.
Spending less time cleaning
Being able to move comfortably around your rental home is key to finding the right fit. If your current rental includes stairs or features that make access tough, downsizing to a one-level home could be a smart move.
A smaller home is easier to manage and clean, ideal for anyone wanting to reduce household chores and focus on other activities.
Living closer to specific amenities
If you’ve been thinking about moving closer to cultural centers, nightlife, or amenities, that may be a good reason to downsize.
Rentals near top amenities often come with higher costs, but downsizing might help you afford a home that’s still near the places and events you love.
Is downsizing the right choice for you?
You could be considering downsizing because your life, and possibly your priorities, have changed. With the kids grown and retirement nearing, you may be looking forward to spending your free time away from home. Downsizing to a smaller rental could be the gateway to these possibilities, providing you with the freedom and flexibility to do everything you’ve dreamed of and more.
If you’re prepared to find a new rental home in Brookland or the surrounding areas, Real Property Management DC Metro is here for you. We provide rental homes that fit a range of life stages and personal lifestyles. Let us help you discover the perfect home! Browse our available listings today and start your downsizing journey!
Originally Published on September 24, 2021
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