4 Questions to Ask Before Downsizing Your Home

4 Questions to Ask Before Downsizing Your Home

When we were little, many of us dreamed of having a big house and a luxurious life. One day, that dream was achieved! But now, homeowners are flipping their thinking switch to the other side, realizing the sad but true fact – with the economic state of the nation and the recession, it can be difficult to afford living the luxurious life.

So do you think that it’s time to downsize your home? How can you be sure? Try asking yourself these questions:

1. What would the total cost be and how could I budget?

Things to consider when thinking of the total cost would be mainly to decide how much you’re actually going to sell your house for. This would include taking into consideration, once again, the economy and potential types of buyers, including those who are currently unemployed, like Gen-X and Gen-Y.

2. Will my smaller home mean a smaller lifestyle?

If you’ve been living in a big house your whole life, chances are you’ve become accustomed to living a certain lifestyle, with everything readily available at your fingertips – recreation, socializing and dining out. But one of the main reasons that homeowners today are downsizing is because they can’t afford it.

Ultimately, your lifestyle may change and it would take a little getting used to. You want to make sure that your new smaller home has activities you can enjoy, so as to not completely deprive yourself of your old habits all together.

3. What do you need and what can you get rid of?

There are things that we can do without and things that are necessities. Go through your things carefully and consider if it something that can be sold and replaced at a cheaper cost and smaller size. Throw out the things you haven’t used for a few years.

It may just so happen that after finding something in your attic or basement that you suddenly realize you’ve been trying to find for the past month. Trust me, you haven’t. Get rid of it. Have a yard sale and sell the things you could do without, but aren’t the type of things you would want to throw away.

Start by ransacking the areas of your home that you haven’t been to in a while. The attic or basement would be a good place to start, including places such as your junk drawers and bathroom cabinets.

4. Measure your family and your furniture – is your new home spacious enough?

One problem that many homeowners seem to face when downsizing is ending up with a cramped smaller home through careless planning. Remember, we don’t want to compromise on the quality of comfort. There are two things that decide how much space you’ll be left with to move about your home with ease.

First, consider the number of family members. If it’s just you and your partner, having a little extra furniture shouldn’t be too harmful, if it’s the right size. If you have a family of four or more, chances are you’re going to have be very careful about how you think this one through.

More family members mean more necessary furniture, but the more furniture you have the more likely your house is to become cramped. Also consider how your current home is organized, and based on the layout of your new home, how will you organize the furniture there? How much of it will fit and where?

Once you have these basic questions figured out and answered, you’re ready to start preparing to implement the actual plan and move to your new home. Good luck!

About this Experts Contributor: Gil Ben Shoushan is the President and CEO of Movers USA Inc., a professional, experienced moving company located in Baltimore. Shoushan has been in the moving industry for more than 25 years. He had been on the board of the Maryland Movers Conference, in which he also served as the chairman and an arbitrator.You can follow this service provider on Twitter @MoversUSAInc and on Google+.

As of October 8, 2014, this service provider was highly rated on Angie's List. Ratings are subject to change based on consumer feedback, so check Angie's List for the most up-to-date reviews. The views expressed by this author do not necessarily reflect those of Angie's List.


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