As a renter, your home needs to fit your lifestyle and personal requirements. If your situation has changed, you might be thinking about downsizing to a smaller rental home. While extra bedrooms and spacious homes work for some, more room also brings more upkeep and cleaning responsibilities.
As the well-known saying goes, “More isn’t always better.” Sometimes it’s simply too much.” Before choosing to downsize your rental, let’s think through a few key considerations.
When downsizing makes financial sense
Larger rental homes typically come with higher costs in most places. Maintenance and utility costs are also higher in larger homes. This is a key reason why many think about downsizing, to reduce expenses. If your financial situation is different, downsizing your rental might be a smart move.
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
When considering downsizing, assess your belongings and figure out how you plan to manage them. If you own a lot of furniture, heirlooms, or collectibles, they may not fit in a smaller space.
Paying for a storage unit is an option, though the monthly costs could build up quickly. Be sure to check if the storage unit is climate-controlled, as temperature changes and dust can ruin your treasured items. If you can, downsize your belongings before transitioning to a smaller rental home.
Spending less time cleaning
Moving comfortably around your rental home plays a big role in finding the ideal fit. If your current rental has stairs or other access challenges, downsizing to a one-story home might be worth considering.
Smaller homes require less effort to clean and maintain, making them a great option for those who prefer to spend their 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.
Rentals near top amenities often come with higher costs, but downsizing might help you afford a home that’s still near the places and events you love.
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 unlock these possibilities, giving you the freedom and flexibility to live out your dreams and more.
If you’re ready to find a new rental home in Fuquay-Varina or nearby, Real Property Management Wake County is here to help you. We provide rental homes that fit a range of life stages and personal lifestyles. We’d be happy to help you find 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.
