5 Ways Downsizing Improves Your Quality of Life (not to mention your bank account)

Dated: July 19 2021

Views: 95

Not to be confused with an organization eliminating staff positions, or the not-so-great movie of the same name (Rotten Tomatoes audience score of 23%), downsizing is an often-necessary stage in life and home ownership.  While it can create emotional turmoil (my parents downsized and sold the home I grew up in six years ago and it was traumatic!), there are many positive aspects to this daunting move.

I recently helped a client take this leap and she could not be happier.

1.   Let’s look at the financial benefits first.  Selling a large home and moving to a smaller home or condo frees up equity which may be used toward other pursuits.  Many people are now mortgage-free after selling their home, which is an obvious perk.  The proceeds can also be used to pay off other debt or fund an investment in another property.

Moreover, the reduction in utilities, maintenance and landscaping costs provide extra funds with which to enjoy retirement or a change in lifestyle.  Lower everyday expenses can add up to more spending power for what brings you joy.  The money I would save on my pest control professional services (raccoon, possum, and squirrel infestations) could fund a riverboat cruise!!

2.   Decreased cleaning time (smaller space equals less vacuuming I believe), less home maintenance and a reduced amount of hours spent attending to a large property results in more time to engage in activities on your bucket list.  Or to read a book without thinking of the weeding or window washing you should be doing. 

3.   Many people believe strongly in “less is more” from an environmental point of view and are committed to reducing their carbon footprint as well as minimizing their energy use.  Downsizing can accomplish this.

4.   A smaller home or condo is more accessible to us as we age or live with physical disabilities.  Downsizing often means moving into a one-level home – a bungalow, cottage, or condo.  There are many options which may interest you from a lifestyle change perspective.  Explore the different ways of living and nesting.  Your knees will thank you.

5.   Finally, much has been said about the negative impact clutter has on our lives.  The same is true for having too much space and too much stuff filling that space.  Relieving ourselves of a portion of our belongings, necessitated by a move to a smaller space can bring a feeling of relief and even a sense of peace. 

Downsizing can often mean a move to a different neighbourhood, city, or way of life.  This change can feel like a re-birth and open us up to new ways of living, new adventures, and a smaller to-do list.  People report a feeling of freedom and even increased energy from letting go of their larger property and the possessions which they no longer require.

My client looks and sounds younger.  Hmmm…she might be onto something!!

P.S. Speaking of downsizing, here's a quote from one of my favourite moving companies for seniors:

"When you're getting your house ready to sell, it is better to downsize your treasures before you move. 
When you take fewer things to your new home, you save time packing and money on boxes AND movers. 
It is always the right time to simplify your home AND your life!
                                                                                                                               -- Karen Shinn, Downsizing Diva
                                                                                                                                          www.downsizingdiva.com

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Deborah Fletcher

I have ALWAYS loved “nesting”! Growing up I couldn’t wait to do my own nesting – starting with my first apartment. Now, as a homeowner, I still continually go through open houses, admiring ho....

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