It’s essential for your rental home to align with both your needs and lifestyle. Should your circumstances have recently changed, you may be wondering if downsizing to a smaller rental is a good idea. Extra bedrooms and larger spaces might be perfect for some, but they also require more work to maintain and keep tidy.
As the well-known saying goes, “More isn’t always better.” Sometimes it’s simply more.” Before you decide to downsize your rental, let’s think about a few factors.
When downsizing makes financial sense
Bigger rental homes usually cost more in most places. They tend to require more upkeep and have greater utility bills. This is why many people begin to think about downsizing—to lower their costs. Downsizing your rental home might be a smart move if your financial situation has changed.
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 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 of downsizing, consider your possessions and what you intend to do with them. If you have plenty of furniture, heirlooms, or other items, they may not work in a smaller rental.
You could store your belongings in a unit, but the rental fees may become costly over time. Check if the storage unit is climate-controlled, as exposure to heat, cold, and dust can take a toll on your prized possessions. If possible, try reducing your belongings before moving into a smaller rental.
Spending less time cleaning
Comfortably navigating your rental home is an essential factor in choosing the right one. If stairs or difficult access are a problem in your current rental, think about moving to a single-story rental.
With less cleaning and maintenance, smaller homes allow you to spend more time on other activities rather than household chores.
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.
Rental homes near desirable amenities are often more expensive, but downsizing may allow you to find something affordable with easy access to the places you enjoy.
Is downsizing the right choice for you?
Perhaps you’re considering downsizing because life has shifted, along with some of 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 looking for a new rental home in Orange County or nearby, Real Property Management Priority is here to help. Our rental homes can accommodate different stages of life and a variety of lifestyles. Let us help you discover the perfect home! Browse our available listings today and start your downsizing journey!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
