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Thinking About Downsizing? Here’s What Renters Should Consider

A wooden house adorned with various question marks, symbolizing curiosity about a rental home. Your rental home should match your lifestyle and meet your needs as a renter. If your situation has recently shifted, you might be asking yourself whether downsizing to a smaller home is the right choice. Having extra bedrooms and a lot of space can be ideal for some, but it also means more cleaning and maintenance.

As a popular saying suggests, “More isn’t always better.” Sometimes it’s just excess.” Before you decide if it’s time to downsize your rental, let’s evaluate a few aspects.

When downsizing makes financial sense

Bigger rental homes usually cost more in most places. These homes are also more expensive to maintain and have increased utility costs. This is a major reason why people consider downsizing—to cut costs. If your financial situation has shifted, downsizing your rental home might be a good choice.

Even if a bigger home is affordable for you, think about other ways you could use that money, such as on hobbies, travel, or investments. This change in mindset can help you make a decision that focuses not only on space but also on your financial stability.

Reducing clutter and simplifying your living space

If downsizing is on your mind, it’s important to review your personal items and determine what to do with them. If you own a lot of furniture, heirlooms, or collectibles, they may not fit in a smaller space.

You could rent a storage unit for your things, but the monthly fees can add up fast. Consider if the storage unit offers climate control, as temperature swings and dust could damage your valuable items. If possible, try reducing your belongings before moving into a smaller rental.

Spending less time cleaning

Comfortably moving around your rental is an important aspect of finding the perfect fit. If your rental has stairs or other barriers to easy access, consider moving to a one-story rental home.

A smaller home means easier cleaning and maintenance, which is perfect for those who want to spend less time on chores and more on personal activities.

Living closer to specific amenities

If you’ve been wanting to live closer to cultural hotspots, nightlife, or other amenities, that could be a good reason to downsize.

Homes near high-end amenities are usually more costly, but by downsizing, you might find something affordable that keeps you close to the places and events you enjoy.

Is downsizing the right choice for you?

You may be contemplating downsizing due to changes in your life and a shift in your priorities. If the kids are grown and out of the house, and retirement is approaching, you may have big plans to spend your free time outside of home. Moving to a smaller rental could be the key to making these plans a reality, giving you the freedom and flexibility to enjoy everything you’ve been dreaming about.

If you’re prepared to find a new rental home in Seattle or the surrounding areas, Real Property Management Eclipse is here for you. Our rental homes are designed to accommodate a variety of life stages and lifestyles. We’re here to help you find your perfect rental home! Browse our available listings today and start your downsizing journey!

 

Originally Published on September 24, 2021

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