3 Areas to Consider Rightsizing in Your Home
Is your current living situation working for you? Do you need more space for your growing family? Or maybe you are ready to move to a smaller, more manageable space. Whatever your situation, having a living space that works well for you and your family is what makes sense and could lead to more cents in your pocket, too!
Traditionally you would think only downsizing will lead to savings and upsizing will lead to an increase in costs. But that’s not always the case. Think of it as “rightsizing” for you and your family. Here are some tips to keep in mind whether increasing, decreasing or maintaining your current square footage.
Food storage and preparation spaces
If you really examine why you eat out more often than you would like, it may have more to do with your lack of storage or preparation areas rather than just because of a busy schedule. When it is hard to find what you need and your schedule is tight, then grabbing some take-out often overrules.
In this situation, it may save you money in the long run if you assure your next house has better kitchen storage and preparation areas or you renovate your current home to obtain a better kitchen layout and storage area, whether or not your overall square footage changes. And think of the possible added benefits of eating more healthy food and feeling less stressed because of a larger, more organized space!
Does your current home have a good area for you to relax and “get away from it all?” When your home does not have that welcoming, inviting feeling and no good area to curl up with a book, meditate or listen to some music, we often feel the need get out which generally leads to spending money even just for the gas to get somewhere else.
Your answer could be repurposing some existing space, adding a sunroom onto your house or moving to another place where the layout has a great area you can dedicate to this. Your overall square footage may or may not have to change, depending on your needs, but you need to assure such an area is there. And, again, the added benefits to your health and wellbeing cannot be measured!
Closets and storage
If you live in an older home, chances are your closets are very small and there is little excess storage space. However, even newer homes can lack storage, especially if you are not utilizing your spaces to their fullest extent. In either case, lack of closet and storage space can lead to excess spending.
This often occurs either because your home has a lot of clutter, making it less warm and inviting, making you want to spend more time away, or because your belongings are not organized well and you buy duplicate items when you cannot easily find the original items you purchased. Solutions may involve buying closet organizers, adding flooring to your attic for storage space, or obtaining the services of a local professional organizer instead of moving. But if you are already planning a move, be sure to assess your new spaces for this.
Again, downsizing is not always the answer when looking for ways to save money. Just think “rightsizing” instead when either looking for that new place or thinking about renovating your current one.