• Home
  • Home Improvement
    • Flooring
    • HVAC
    • MAINTENANCE & REPAIR
    • Landscaper
    • Home Inspections
  • SKILLS & KNOW-HOW
    • Pest Control
    • MAKE & DECORATE
    • ROOMS & SPACES
  • Kitchen Improvements
  • Real Estate
    • New Construction
  • Cabinets
  • Doors
  • Appliances
  • OUTDOORS
  • Bath and Shower
  • DIY
  • Contact
    • Write for US
Expert Home Improvement Advice by Philip Barron

Home  /  New Construction  /  Downsizing 101: How To Do It The Right Way

Downsizing 101: How To Do It The Right Way

New Construction
Downsizing 101: How To Do It The Right Way

It’s long been the consensus in America that bigger is better, but lately many people are less sure of that. For instance, the size of the average single-family home has ballooned to more than 2,500 square feet — two and a half times what it was immediately after World War II. Homeowners have been convinced that living in as much space as possible is always better, but the reality is complicated. Larger homes require more upkeep, encourage us to fill them with a lot of items we may not need, and they’re generally more expensive. That’s why many people today are looking to downsize to a smaller house.

If moving into a home with less space seems like the right decision for you and your family, take the time to think it over first. It’s not simply a question of storage space. Downsizing means changing your lifestyle in many ways, yet the benefits can be well worth it if you do it right. With a bit of planning and soul-searching, losing a little square footage means you can gain a lot more in other areas of your life.

If you’re thinking about downsizing, take a close look at the accompanying guide. It contains key information about the why and how of relocating to a cozier space.

Table of Contents

  • Why Downsize?
  • Planning Your Downsizing
  • Financial Benefits of Downsizing
  • How To Get Started
  • Pivotal Home Solutions

Why Downsize?

There are many good reasons for downsizing into a smaller home, including:

  • Cutting the amount of clutter in your life
  • Your children may be moving out to start college
  • You would spend less time cleaning the house and maintaining the yard
  • Saving money by lowering your mortgage payments

Planning Your Downsizing

  • Get down to basics. Take inventory of everything in your home and pare it down to only the items you truly need. Once you do, you’ll have a better idea of how much space your next home should have. Donate or sell everything you won’t take with you.
  • Do some long-term planning. If you have adult children or out-of-town relatives who visit frequently, you may not want to give up having a guest room. If you dream of starting your own business someday, make sure your next home has space for an office or workshop.
  • Think about the cost of moving. Even if you’ll slash your mortgage payments, moving into a smaller home still might cost you money. Think about whether or not your existing home needs work before you can sell it, whether your smaller home might come with association fees or higher property taxes, and if you’ll need to buy a lot of furniture.

Financial Benefits of Downsizing

  • Lowering your mortgage. The smaller your house is, the less you may be spending for mortgage payments each month.
  • Slashing your debt. With less of your income being directed to your home, you’ll be able to pay student loans, car payments and other debt much faster.
  • Boosting your retirement. You’ll also be able to put more of your money into your retirement plan when your mortgage payments are lower.
  • Eliminating your mortgage. Buying a smaller home could mean that you can say goodbye to a mortgage altogether. This is especially true if you’re able to buy your new home with the money you made selling your old one.

How To Get Started

If you believe the time is right and downsizing makes sense for you and your family, here are some steps to simplify the process:

  • Get everyone on the same page. If you share your home with anyone else, make sure they understand the goals and practicalities of downsizing. A little conversation can prevent a lot of fights later.
  • Make everything multipurpose. The best way to prevent clutter is to ensure every space and item in your home can serve more than one purpose. Buy furniture with added storage space or use a fold-away desk to turn your living room into a home office.
  • Talk to a professional. Realtors can help you make the most informed decision when it comes to finding the smaller house of your dreams. They also can make it easier to know you’re getting the most value out of your existing home when you put it on the market.

Pivotal Home Solutions

Terrance M., Supervisor of Technical Training and Compliance at Pivotal Home Solutions, has been working in the heating and cooling industry for more than 33 years. He attended Triton College in River Grove, Illinois, where he completed the HVAC program. Terrance holds a Class A1 mechanical license.

Advertisements

Tags: Downsizing, Pivotal Home Solutions
Previous Article
Next Article

Related Posts

  • How to Choose a Qualified Commercial Contractor

    How to Choose a Qualified Commercial Contractor?

  • Construction

    Top 5 Tips For The Construction Of Your House!

  • Construction

    Where To Find Your Best Construction Patner

Most Viewed Posts

  • Everything you need to Know About Designing With White Kitchen CabinetsEverything you need to Know About Designing With White Kitchen Cabinets
    In Kitchen Improvements
    January 26, 2023
  • How to Choose Between Renting vs. Buying: What’s Best for You
    In Real Estate
    January 18, 2023
  • Wondering How To Make Your Pii_email_4bd3f6cbbb12ef19daea Rock? Read This!
    In More
    January 11, 2023
  • Things Your Kitchen Contractor Will Not Tell You During RemodelingThings Your Kitchen Contractor Will Not Tell You During Remodeling
    In Kitchen Improvements
    January 10, 2023
  • When to Get a Roof ReplacedWhen to Get a Roof Replaced
    In roofing
    January 4, 2023
  • [pii_email_db1a5a45d144e0c824dd] Doesn’t Have To Be Hard. Read These 8 Tips
    In More
    January 2, 2023
  • Thinking About [pii_email_7f36a8dafd1015f73635]? 7 Reasons Why It’s Time To Stop!
    In More
    January 2, 2023
  • Lessons About [pii_email_37f47c404649338129d6] You Need To Learn Before You Hit 40
    In More
    January 2, 2023
  • 6 Reasons Why Having An Excellent [pii_email_9adeb2eb81f173c673a5] Is Not Enough
    In More
    January 2, 2023
  • Don’t Waste Time! 7 Facts Until You Reach Your [pii_email_3a9d3c10845f8b9d77b2]
    In More
    January 2, 2023
  • [pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips[pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips
    In More
    January 2, 2023
  • Whole-Home Remodeling and Designing in the USAWhole-Home Remodeling and Designing in the USA
    In Home Improvement
    December 27, 2022
  • 10 Tips For A Greener Lifestyle10 Tips For A Greener Lifestyle
    In Home Improvements
    December 23, 2022
  • 5 Key Aspects of Owning a Porsche5 Key Aspects of Owning a Porsche
    In MAINTENANCE & REPAIR
    December 23, 2022
  • Where Can You Mostly Find Bed Bugs?
    In Pest Control
    December 23, 2022
  • The Environmental Benefits Of Using Eco-Friendly Snow Removal MethodsThe Environmental Benefits Of Using Eco-Friendly Snow Removal Methods
    In Home Improvement
    December 17, 2022
  • How to Prevent Rats from Entering Your Drains?How to Prevent Rats from Entering Your Drains?
    In Home Improvement
    December 15, 2022
  • Conventional Types of CabinetConventional Types of Cabinet
    In Cabinets
    December 8, 2022
  • Local Heating Experts For Repairs, Maintenance And InstallationLocal Heating Experts For Repairs, Maintenance And Installation
    In HVAC
    December 7, 2022
  • All You Need to Know About Shaker Kitchen CabinetsAll You Need to Know About Shaker Kitchen Cabinets
    In Kitchen Improvements
    December 5, 2022
  • Useful Tips For Buying The Best Ready-Made CurtainsUseful Tips For Buying The Best Ready-Made Curtains
    In Business
    November 29, 2022
  • Important Matte Black Kitchen Cabinets Used In the Kitchen DesignImportant Matte Black Kitchen Cabinets Used In the Kitchen Design
    In Kitchen Improvements
    November 8, 2022
  • Boost Your Home External Appeal With Home Sidings In Downriver MichiganBoost Your Home External Appeal With Home Sidings In Downriver Michigan
    In Home Improvement
    November 4, 2022
  • 5 Cool Ways to Use a Mini-Fridge5 Cool Ways to Use a Mini-Fridge
    In Home Improvement
    November 1, 2022
  • Heating And Cooling Businesses—Making Existence EasierHeating And Cooling Businesses—Making Existence Easier
    In Uncategorized
    October 29, 2022

Trending Posts

  • Everything you need to Know About Designing With White Kitchen CabinetsEverything you need to Know About Designing With White Kitchen Cabinets
    In Kitchen Improvements
    January 26, 2023
  • How to Choose Between Renting vs. Buying: What’s Best for You
    In Real Estate
    January 18, 2023
  • Wondering How To Make Your Pii_email_4bd3f6cbbb12ef19daea Rock? Read This!
    In More
    January 11, 2023
  • Things Your Kitchen Contractor Will Not Tell You During RemodelingThings Your Kitchen Contractor Will Not Tell You During Remodeling
    In Kitchen Improvements
    January 10, 2023
  • When to Get a Roof ReplacedWhen to Get a Roof Replaced
    In roofing
    January 4, 2023
  • [pii_email_db1a5a45d144e0c824dd] Doesn’t Have To Be Hard. Read These 8 Tips
    In More
    January 2, 2023
  • Thinking About [pii_email_7f36a8dafd1015f73635]? 7 Reasons Why It’s Time To Stop!
    In More
    January 2, 2023
  • Lessons About [pii_email_37f47c404649338129d6] You Need To Learn Before You Hit 40
    In More
    January 2, 2023
  • 6 Reasons Why Having An Excellent [pii_email_9adeb2eb81f173c673a5] Is Not Enough
    In More
    January 2, 2023
  • Don’t Waste Time! 7 Facts Until You Reach Your [pii_email_3a9d3c10845f8b9d77b2]
    In More
    January 2, 2023
  • [pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips[pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips
    In More
    January 2, 2023
  • Whole-Home Remodeling and Designing in the USAWhole-Home Remodeling and Designing in the USA
    In Home Improvement
    December 27, 2022
  • 10 Tips For A Greener Lifestyle10 Tips For A Greener Lifestyle
    In Home Improvements
    December 23, 2022
  • 5 Key Aspects of Owning a Porsche5 Key Aspects of Owning a Porsche
    In MAINTENANCE & REPAIR
    December 23, 2022
  • Where Can You Mostly Find Bed Bugs?
    In Pest Control
    December 23, 2022
  • The Environmental Benefits Of Using Eco-Friendly Snow Removal MethodsThe Environmental Benefits Of Using Eco-Friendly Snow Removal Methods
    In Home Improvement
    December 17, 2022
  • How to Prevent Rats from Entering Your Drains?How to Prevent Rats from Entering Your Drains?
    In Home Improvement
    December 15, 2022
  • Conventional Types of CabinetConventional Types of Cabinet
    In Cabinets
    December 8, 2022
  • Local Heating Experts For Repairs, Maintenance And InstallationLocal Heating Experts For Repairs, Maintenance And Installation
    In HVAC
    December 7, 2022
  • All You Need to Know About Shaker Kitchen CabinetsAll You Need to Know About Shaker Kitchen Cabinets
    In Kitchen Improvements
    December 5, 2022
  • Useful Tips For Buying The Best Ready-Made CurtainsUseful Tips For Buying The Best Ready-Made Curtains
    In Business
    November 29, 2022
  • Important Matte Black Kitchen Cabinets Used In the Kitchen DesignImportant Matte Black Kitchen Cabinets Used In the Kitchen Design
    In Kitchen Improvements
    November 8, 2022
  • Boost Your Home External Appeal With Home Sidings In Downriver MichiganBoost Your Home External Appeal With Home Sidings In Downriver Michigan
    In Home Improvement
    November 4, 2022
  • 5 Cool Ways to Use a Mini-Fridge5 Cool Ways to Use a Mini-Fridge
    In Home Improvement
    November 1, 2022
  • Heating And Cooling Businesses—Making Existence EasierHeating And Cooling Businesses—Making Existence Easier
    In Uncategorized
    October 29, 2022

Recent Posts

  • Everything you need to Know About Designing With White Kitchen CabinetsEverything you need to Know About Designing With White Kitchen Cabinets
    In Kitchen Improvements
    January 26, 2023
  • How to Choose Between Renting vs. Buying: What’s Best for You
    In Real Estate
    January 18, 2023
  • Wondering How To Make Your Pii_email_4bd3f6cbbb12ef19daea Rock? Read This!
    In More
    January 11, 2023
  • Things Your Kitchen Contractor Will Not Tell You During RemodelingThings Your Kitchen Contractor Will Not Tell You During Remodeling
    In Kitchen Improvements
    January 10, 2023
  • When to Get a Roof ReplacedWhen to Get a Roof Replaced
    In roofing
    January 4, 2023
  • [pii_email_db1a5a45d144e0c824dd] Doesn’t Have To Be Hard. Read These 8 Tips
    In More
    January 2, 2023
  • Thinking About [pii_email_7f36a8dafd1015f73635]? 7 Reasons Why It’s Time To Stop!
    In More
    January 2, 2023
  • Lessons About [pii_email_37f47c404649338129d6] You Need To Learn Before You Hit 40
    In More
    January 2, 2023
  • 6 Reasons Why Having An Excellent [pii_email_9adeb2eb81f173c673a5] Is Not Enough
    In More
    January 2, 2023
  • Don’t Waste Time! 7 Facts Until You Reach Your [pii_email_3a9d3c10845f8b9d77b2]
    In More
    January 2, 2023
  • [pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips[pii_email_f3e1c1a4c72c0521b558] Doesn’t Have To Be Hard. Read These 6 Tips
    In More
    January 2, 2023
  • Whole-Home Remodeling and Designing in the USAWhole-Home Remodeling and Designing in the USA
    In Home Improvement
    December 27, 2022
  • 10 Tips For A Greener Lifestyle10 Tips For A Greener Lifestyle
    In Home Improvements
    December 23, 2022
  • 5 Key Aspects of Owning a Porsche5 Key Aspects of Owning a Porsche
    In MAINTENANCE & REPAIR
    December 23, 2022
  • Where Can You Mostly Find Bed Bugs?
    In Pest Control
    December 23, 2022
  • The Environmental Benefits Of Using Eco-Friendly Snow Removal MethodsThe Environmental Benefits Of Using Eco-Friendly Snow Removal Methods
    In Home Improvement
    December 17, 2022
  • How to Prevent Rats from Entering Your Drains?How to Prevent Rats from Entering Your Drains?
    In Home Improvement
    December 15, 2022
  • Conventional Types of CabinetConventional Types of Cabinet
    In Cabinets
    December 8, 2022
  • Local Heating Experts For Repairs, Maintenance And InstallationLocal Heating Experts For Repairs, Maintenance And Installation
    In HVAC
    December 7, 2022
  • All You Need to Know About Shaker Kitchen CabinetsAll You Need to Know About Shaker Kitchen Cabinets
    In Kitchen Improvements
    December 5, 2022
  • Useful Tips For Buying The Best Ready-Made CurtainsUseful Tips For Buying The Best Ready-Made Curtains
    In Business
    November 29, 2022
  • Important Matte Black Kitchen Cabinets Used In the Kitchen DesignImportant Matte Black Kitchen Cabinets Used In the Kitchen Design
    In Kitchen Improvements
    November 8, 2022
  • Boost Your Home External Appeal With Home Sidings In Downriver MichiganBoost Your Home External Appeal With Home Sidings In Downriver Michigan
    In Home Improvement
    November 4, 2022
  • 5 Cool Ways to Use a Mini-Fridge5 Cool Ways to Use a Mini-Fridge
    In Home Improvement
    November 1, 2022
  • Heating And Cooling Businesses—Making Existence EasierHeating And Cooling Businesses—Making Existence Easier
    In Uncategorized
    October 29, 2022

VERTICAL BLINDS – FILMS & BLACKOUT MATERIAL (BLACKOUT BLINDS)

Featured Posts

  • Kitchen Remodeling Professionals Are Truly Exemplary
  • How to Best Renovate a Small Bathroom
  • How To Hire The Best Roofing Contractor
  • 5 Simple Ways To Upgrade Your Home5 Simple Ways To Upgrade Your Home
  • Roofing Advice That Everyone Ought to Read

Recent Posts

  • Things You Should Not Do While Home ImprovementThings You Should Not Do While Home Improvement
  • These Home Appliances Will be Harder to Maintain during SummerThese Home Appliances Will be Harder to Maintain during Summer
  • How to Handle Bridgeport’s Most Common PestsHow to Handle Bridgeport’s Most Common Pests?
  • The Smart Way to Prepare Your Home for a Garage Sale
  • Plumbing ServicesHow to Get Fast Plumbing Services In Coomera at the Time of Emergency

Most Viewed Posts

  • How Much Does A New Hvac Unit Cost?How Much Does A New Hvac Unit Cost?
  • Rental VacancyFive Ways To Minimize Your Rental Vacancy Rates
  • Home RepairsThe Importance of Addressing Home Repairs
  • Where To Propose And What To Get As A GiftWhere To Propose And What To Get As A Gift

Trending Posts

  • Window CoveringsNeed Amazing Window Coverings For Your House? Consult Next Day Blinds
  • Food StorageBest Food Storage Practices At Home
  • Office FurniturePeople Easily Can Save Money on Office Furniture by Considering Them
  • The Smart Way to Prepare Your Home for a Garage Sale
  • We Are Among The Best Local Hardwood Floors Companies