Your rental home should be a good fit for both your needs and the way you live. If your circumstances have shifted, you might be considering whether to move into a smaller rental. Having extra bedrooms and a lot of space can be ideal for some, but it also means more cleaning and maintenance.
As the saying goes, “More isn’t always better.” Sometimes it’s just unnecessary.” Before making a decision about downsizing your rental, let’s review a few things.
When downsizing makes financial sense
Bigger rental homes usually cost more in most places. They also come with steeper maintenance costs and higher utility bills. This is one of the main reasons people begin thinking about downsizing to save money. If your finances have changed, downsizing your rental could be a wise decision.
Even if you can comfortably afford a larger home, think about what else you could spend that money on—such as a hobby, traveling, or investing. This perspective shift can lead you to make a choice that considers both space and your overall financial health.
Reducing clutter and simplifying your living space
When considering downsizing, assess your belongings and figure out how you plan to manage them. If you have plenty of furniture, heirlooms, or other items, they may not work in a smaller rental.
You could opt to rent a storage unit, though monthly fees can add up over time. Think about whether the storage unit is climate-controlled, as extreme heat, cold, and dust can damage your valuables. If you can, downsize your belongings before transitioning to a smaller rental home.
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.
Smaller homes are easier to clean and maintain, offering benefits for those wanting to spend less time on chores and more time on other pursuits.
Living closer to specific amenities
If you’ve been wanting to move closer to the local nightlife, a cultural district, or nearby amenities, downsizing might be worth considering.
Rental properties near premium amenities tend to be pricier, but downsizing could allow you to afford something closer to the places and activities you enjoy.
Is downsizing the right choice for you?
You might be thinking about downsizing because your life has changed, and so have your priorities. If your children are grown and gone and retirement is near, you may have plans to enjoy your free time somewhere other than at home. Downsizing could open the door to these opportunities, providing the freedom and flexibility to do everything you’ve dreamed of and beyond.
If you’re ready to search for a new rental home in Alpharetta or the surrounding area, Real Property Management Executives Greater Atlanta is here to assist you. We have a variety of rental homes that suit different life stages and lifestyles. Let us assist you in finding your ideal home! Browse our available listings today and start your downsizing journey!
Originally Published on September 24, 2021
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