Article by Davina Deluao. This article was originally posted on iBuildNew.com.au and has been reposted here with permission.
Whether it’s embracing retirement or the rest of the family finally moving out of the house, the transition period from a bustling home to a downsized space is an exciting stage. Empty nesters are free to begin again and can either transform their home to accommodate fewer people or move to a much cosier place. For many, the decision of downsizing can map out their future pathway and lifestyle which is why it is important to have a solid understanding of what’s involved. This article will provide a few downsizing tips to carefully consider and explain the best way to approach the process.
There’s no reason to wait for retirement in order to get the ball rolling, which is why being prepared ahead of time can help smooth out the whole journey further down the track. To begin, setting up a budget will assist in outlining what you can afford and which properties you’re able to shortlist. By getting a valuation for your existing home and researching a handful of potential locations, you are able to estimate how much you need to save up as well as compare different land costs.
When downsizing, you have the freedom to choose between settling down into a smaller pre-built home or building a new home from scratch that requires less maintenance. A new build creates a lot more flexibility when opting for open plan living or extra storage space. One of the most important downsizing tips is to remember to have a clear idea in your mind of what you want and which specific features you would like to include to be worked into the design. This makes it easier to achieve your dream home, particularly when working together with builders and developers. With a detailed floor plan, you are able to incorporate a number of facilities that are more accessible and ensure your safety. Through having a set goal, you can decide to invest in a home that is right for you.
Image: Houzz – Twinkle and Whistle
Some more essential downsizing tips are to figuring out which particular environment you would thrive in and which surroundings would be ideal by comparing the different amenities on offer. For instance, you may prefer to reside by the beach along with natural reserves nearby. Alternatively, you might be more inclined to embrace a fast-paced community at a more urban location. By choosing an area where friends and family are just around the corner, you are able to fit right at home and have some assistance during the move, especially when it comes to moving furniture. It is reassuring to know you will still be able to connect and reach out to loved ones when at a new place.
Once you’ve become accustomed to living within a large space, it can be challenging to figure which furniture or appliance may no longer be a necessity in the home. More downsizing tips to keep in mind are to sort out your items by decluttering and asking family members to take what belongs to them. There may be some belongings that have sentimental value that you want to keep which is why having storage options ready before the move can make a big difference.
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