{"id":1808,"date":"2018-04-06T09:50:06","date_gmt":"2018-04-06T16:50:06","guid":{"rendered":"https:\/\/blog.storewithneighbor.com\/storage-blog\/?p=1808"},"modified":"2024-03-04T15:42:09","modified_gmt":"2024-03-04T22:42:09","slug":"downsizing-benefits-tips-and-cost-calculator","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/downsizing-benefits-tips-and-cost-calculator\/","title":{"rendered":"How to Downsize Your Home: 10 Useful Tips"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">In the 1960s, the average home size was <\/span><a href=\"https:\/\/forbes.com\/sites\/trulia\/2013\/05\/02\/american-homes-by-decade#22756c121045\" target=\"_blank\"><span style=\"font-weight: 400;\">1,600 square feet<\/span><\/a><span style=\"font-weight: 400;\">. Fast forward to today, and that figure has jumped to approximately <\/span><a href=\"https:\/\/census.gov\/construction\/nrc\/pdf\/quarterly_starts_completions.pdf\" target=\"_blank\"><span style=\"font-weight: 400;\">2,600 square feet<\/span><\/a><span style=\"font-weight: 400;\">, according to the United States Census Bureau. <\/span><i><span style=\"font-weight: 400;\">But do you really need such a large house?&nbsp;<\/span><\/i><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Downsizing is <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/4-ds-of-self-storage-death-divorce-dislocation-downsizing\/\"><span style=\"font-weight: 400;\">a popular option<\/span><\/a><span style=\"font-weight: 400;\"> for <\/span><a href=\"https:\/\/neighbor.com\/storage-blog\/empty-nesters-tips-to-keep-yourself-busy\"><b>empty nesters<\/b><\/a><span style=\"font-weight: 400;\"> living in an increasingly empty home&ndash;<\/span><i><span style=\"font-weight: 400;\">now that their adult children have graduated high school and moved into their <\/span><\/i><a href=\"https:\/\/www.neighbor.com\/storage-blog\/ultimate-college-packing-list\/\"><i><span style=\"font-weight: 400;\">dorm rooms or first college apartments<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/i><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><b>Young families <\/b><span style=\"font-weight: 400;\">are another demographic jumping on the downsizing bandwagon to lower living costs and reduce upkeep. If you&rsquo;re looking to align your financial goals with your lifestyle, there is, perhaps, no better way than downsizing.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">While moving into a home with less square footage can feel like you&rsquo;re taking a step backward in life, <\/span><i><span style=\"font-weight: 400;\">this is far from the truth<\/span><\/i><span style=\"font-weight: 400;\">. Instead of viewing this transition as a <\/span><i><span style=\"font-weight: 400;\">setback <\/span><\/i><span style=\"font-weight: 400;\">or a <\/span><i><span style=\"font-weight: 400;\">downgrade, <\/span><\/i><b>look at it as a giant step toward your goals <\/b><b><i>(financial and otherwise). <\/i><\/b><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Ready to begin your downsizing journey? This guide will explore the considerations, benefits, and strategies for downsizing.<\/span><\/p>\n\n\n\n<h2 id=\"downsizing-to-a-smaller-space\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Downsizing to a Smaller Space<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Downsizing from a large home can have a big impact on your life &ndash; and your emotions. <\/span><i><span style=\"font-weight: 400;\">It&rsquo;s normal to feel as overwhelmed as you are excited. <\/span><\/i><span style=\"font-weight: 400;\">You may even be sad to say goodbye to your space, your neighbors, or the city or neighborhood you love.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">But there are plenty of benefits to having less stuff to worry about (do you really need <\/span><i><span style=\"font-weight: 400;\">all<\/span><\/i><span style=\"font-weight: 400;\"> the clothes that hang in your closet?) and less space to care for.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">In most cases <em>(unless you&rsquo;re <\/em><\/span><em><a href=\"https:\/\/www.neighbor.com\/storage-blog\/moving-new-city\/\"><span style=\"font-weight: 400;\">moving to a more expensive city<\/span><\/a><\/em><span style=\"font-weight: 400;\"><em>)<\/em>, <strong>you&rsquo;ll notice the following<\/strong> <strong>benefits:<\/strong>&nbsp;<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Smaller mortgage payments.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Fewer chores (and more free time for your family, friends, and hobbies).<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Lower repair costs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Decreased monthly expenses, such as utility bills.<\/span><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Downsizing is more than just moving to a smaller residence; it&rsquo;s about embracing a lifestyle that prioritizes efficiency and <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/move-out-day-checklist\/\"><span style=\"font-weight: 400;\">simplicity<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><i><span style=\"font-weight: 400;\">Of course, change is hard!<\/span><\/i><span style=\"font-weight: 400;\"> So, it&rsquo;s important to recognize some obstacles you may face, as you prepare yourself for your new chapter. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>These challenges might include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>Initial overwhelming feelings<\/b><span style=\"font-weight: 400;\"> as you sort through belongings.<\/span><\/li>\n\n\n\n<li><b>Anxiety<\/b><span style=\"font-weight: 400;\"> that part of your world is about to change <\/span><i><span style=\"font-weight: 400;\">(even if it&rsquo;s for the better).&nbsp;<\/span><\/i><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Lifestyle adjustments like <\/span><b>downsizing your possessions<\/b><span style=\"font-weight: 400;\"> or reorganizing your home.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">The <\/span><b>frustrations and expenses of selling your home<\/b><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><em><span style=\"font-weight: 400;\">That&rsquo;s why they say: <\/span><span style=\"font-weight: 400;\">&ldquo;Preparation is half the battle!&rdquo;<\/span><span style=\"font-weight: 400;\"> Get ahead of the game and make a to-do list&nbsp; &ndash;<\/span><span style=\"font-weight: 400;\"> just take it one room at a time.&nbsp;<\/span><\/em><\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/search\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"first-in-post-cta\">\r\n    <header>\r\n      <h2 id=\"how-neighbor-is-changing-storage\">How Neighbor is changing storage<\/h2>\r\n    <\/header>\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"transparent-monthly-savings\">Transparent monthly savings<\/h3>\r\n        <p>Renters save 30-50% on self storage, on average. No rate hikes.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"61\" viewbox=\"0 0 60 61\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M31.2776 52.4974L31.7666 52.0417C32.0789 51.7503 32.527 51.3317 33.0706 50.8224C34.1576 49.8041 35.6276 48.4224 37.158 46.9698C40.1682 44.1127 43.5576 40.8461 44.596 39.6282C46.7163 37.1414 48.1719 34.1468 48.8127 30.9251C49.5529 27.204 49.173 23.347 47.7211 19.8418C46.2692 16.3366 43.8105 13.3407 40.6559 11.2329C37.5015 9.12514 33.7942 8 30.0001 8C26.2061 8 22.4973 9.12504 19.3428 11.2329C16.1882 13.3407 13.7295 16.3366 12.2776 19.8418C10.8257 23.347 10.4458 27.204 11.186 30.9251C11.8268 34.1468 13.2824 37.1414 15.4027 39.6282C16.4411 40.8462 19.831 44.1128 22.8415 46.9698C24.3721 48.4224 25.8422 49.8042 26.9294 50.8225C27.4731 51.3318 27.9212 51.7504 28.2336 52.0418L28.723 52.4979C29.4428 53.1672 30.5579 53.1668 31.2776 52.4974ZM28.723 52.4979C28.723 52.4979 28.7232 52.498 30.0001 51.125L28.723 52.4979ZM30.0001 51.125L31.2776 52.4974C31.2776 52.4974 31.2771 52.4979 30.0001 51.125ZM30 33.3125C33.6243 33.3125 36.5625 30.3744 36.5625 26.75C36.5625 23.1256 33.6243 20.1875 30 20.1875C26.3756 20.1875 23.4375 23.1256 23.4375 26.75C23.4375 30.3744 26.3756 33.3125 30 33.3125Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"keep-your-items-nearby\">Keep your items nearby<\/h3>\r\n        <p>Hosts in your neighborhood means that your things are always close by.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M30 7.5C25.5499 7.5 21.1998 8.8196 17.4997 11.2919C13.7996 13.7643 10.9157 17.2783 9.21272 21.3896C7.50975 25.501 7.06417 30.025 7.93234 34.3895C8.80051 38.7541 10.9434 42.7632 14.0901 45.9099C17.2368 49.0566 21.2459 51.1995 25.6105 52.0677C29.975 52.9358 34.4991 52.4903 38.6104 50.7873C42.7217 49.0843 46.2357 46.2004 48.7081 42.5003C51.1804 38.8002 52.5 34.4501 52.5 30C52.5 24.0326 50.1295 18.3097 45.9099 14.0901C41.6903 9.87053 35.9674 7.5 30 7.5ZM41.5295 26.7545C42.7193 25.5646 42.7193 23.6354 41.5295 22.4455C40.3396 21.2556 38.4104 21.2556 37.2205 22.4455L26.7061 32.96L22.7795 29.0334C21.5896 27.8435 19.6604 27.8435 18.4705 29.0334C17.2807 30.2232 17.2807 32.1524 18.4705 33.3423L24.5516 39.4234C25.123 39.9948 25.898 40.3158 26.7061 40.3158C27.5142 40.3158 28.2891 39.9948 28.8605 39.4234L41.5295 26.7545Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"storage-made-simple\">Storage made simple<\/h3>\r\n        <p>Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n      <\/div>\r\n    <\/section>\r\n    <footer>\r\n      <button>Search nearby options <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n        <\/svg>\r\n      <\/button>\r\n    <\/footer>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h2 id=\"when-is-the-right-time-to-downsize\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">When Is the Right Time to Downsize?<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.investopedia.com\/articles\/retirement\/100116\/when-should-retirees-downsize-homes.asp\" target=\"_blank\"><span style=\"font-weight: 400;\">Timing plays a crucial role<\/span><\/a><span style=\"font-weight: 400;\"> in the decision to downsize. In some cases, situations will arise that force the hands of homeowners who are unsure about downsizing.&nbsp;<\/span><\/p>\n\n\n\n<h3 id=\"during-life-stage-adjustments\" class=\"wp-block-heading\">During <span style=\"font-weight: 400;\">Life Stage Adjustments<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Many empty nesters or retirees find their current home <\/span><a href=\"https:\/\/www.usatoday.com\/story\/money\/2019\/02\/04\/retirement-savings-why-empty-nesters-should-downsize-homes\/2444729002\/\" target=\"_blank\"><span style=\"font-weight: 400;\">no longer suits their needs<\/span><\/a><span style=\"font-weight: 400;\">. While they may have needed four bedrooms when their children were living at home, once those children have left the nest, they&rsquo;ll have an abundance of bedrooms that go unused.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Instead of paying to heat, air-condition, and maintain a room that is unoccupied, homeowners may choose to downsize.&nbsp;<\/span><\/p>\n\n\n\n<h3 id=\"when-dealing-with-physical-limitations-maintenance-concerns\" class=\"wp-block-heading\">When Dealing with <span style=\"font-weight: 400;\">Physical Limitations\/Maintenance Concerns<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.aarp.org\/home-family\/your-home\/info-2023\/future-of-aging-in-place.html\" target=\"_blank\"><span style=\"font-weight: 400;\">AARP reports<\/span><\/a><span style=\"font-weight: 400;\"> that over 70% of seniors want to stay in their homes as they age. However, the practicality of maintaining a large property can become burdensome.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">For example, <\/span><b>the maintenance demands of a large home<\/b><span style=\"font-weight: 400;\"> can become increasingly challenging to keep up with. Thankfully, downsizing reduces the need for physically challenging and time-consuming tasks like<\/span><i><span style=\"font-weight: 400;\"> extensive cleaning, big repairs, yard maintenance, and even navigating multiple flights of stairs.&nbsp;<\/span><\/i><\/p>\n\n\n\n<h3 id=\"during-a-financially-turbulent-times\" class=\"wp-block-heading\">During a <span style=\"font-weight: 400;\">Financial<\/span>ly Turbulent Times <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">For many, the appeal of downsizing is the desire to save money. Ideally, the decision to downsize should be made <\/span><b><i>before <\/i><\/b><span style=\"font-weight: 400;\">the costs of maintaining a larger home begin to strain the household budget.&nbsp;<\/span><\/p>\n\n\n\n<h2 id=\"downsizing-cost-calculator\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\"><br><\/span><span style=\"font-weight: 400;\">Downsizing Cost Calculator<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If downsizing is primarily a <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/downsizing-benefits-tips-and-cost-calculator\/\"><span style=\"font-weight: 400;\">financial decision<\/span><\/a><span style=\"font-weight: 400;\">, it&rsquo;s important to consider the potential costs involved <\/span><i><span style=\"font-weight: 400;\">(even if you&rsquo;re saving money in the long run).&nbsp;<\/span><\/i><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>The sale price of your current home:<\/b><span style=\"font-weight: 400;\"> Start with the potential sale price of your existing home, taking into account current market values.<\/span><\/li>\n\n\n\n<li><b>The cost of a new home:<\/b><span style=\"font-weight: 400;\"> Deduct the purchase price of your new, smaller home.<\/span><\/li>\n\n\n\n<li><b>Moving expenses:<\/b><span style=\"font-weight: 400;\"> Include the costs for professional movers (if applicable), packing materials, and transportation. These can vary widely depending on distance and how you plan your move.<\/span><\/li>\n\n\n\n<li><b>Renovation and repair costs:<\/b><span style=\"font-weight: 400;\"> If your new home requires updates, or your current home needs renovating before it&rsquo;s market-ready, estimate these expenses.<\/span><\/li>\n\n\n\n<li><b>New furniture or storage spaces:<\/b><span style=\"font-weight: 400;\"> Downsizing might mean your old furniture doesn&rsquo;t fit. Budget for new items like floating shelves to save space or <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/five-things-consider-renting-warehouse\/\"><span style=\"font-weight: 400;\">storage solutions<\/span><\/a><span style=\"font-weight: 400;\"> (like a storage unit) for belongings you&rsquo;re <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/13-things-know-before-renting-storage-unit\/\"><span style=\"font-weight: 400;\">not ready to part with<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n\n\n\n<li><b>Closing costs and realtor fees<\/b><span style=\"font-weight: 400;\">: Both selling your old home and buying a new one come with fees and closing costs, which can be significant.<\/span><\/li>\n\n\n\n<li><b>Utility cost difference<\/b><span style=\"font-weight: 400;\">: Often overlooked, utility cost differences can add up over time, leaving you with more disposable income.&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><b>Property tax and insurance differences<\/b><span style=\"font-weight: 400;\">: Smaller properties often mean lower taxes and insurance premiums.<\/span><\/li>\n<\/ul>\n\n\n\n<h2 id=\"tips-for-downsizing-into-fewer-square-feet\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tips for Downsizing into Fewer Square Feet&nbsp;<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Successfully downsizing requires careful planning and consideration. Here are some expert tips to guide you through the process:<\/span><\/p>\n\n\n\n<h3 id=\"tip-1-start-decluttering-early\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #1: Start Decluttering Early<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Begin the downsizing process by decluttering. Sort your belongings into four piles: <\/span><b>keep, sell, donate, and discard.<\/b><span style=\"font-weight: 400;\"> This simplifies the moving process and helps you mentally prepare for living in a smaller space.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Consider the <\/span><a href=\"https:\/\/konmari.com\/about-the-konmari-method\" target=\"_blank\"><span style=\"font-weight: 400;\">Marie Kondo method<\/span><\/a><span style=\"font-weight: 400;\"> of keeping only those items that <\/span><i><span style=\"font-weight: 400;\">&ldquo;spark joy.&rdquo;<\/span><\/i><span style=\"font-weight: 400;\"> Eliminate unnecessary knick-knacks and consider having a garage sale to rid your space of unwanted items.<\/span><\/p>\n\n\n\n<h3 id=\"tip-2-plan-your-new-space\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #2: Plan Your New Space<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Before moving, obtain the floor plan of your new home and use it to plan where your current furniture and belongings will go. This might mean measuring pieces to ensure they fit and visualizing the layout to optimize the use of space. If items don&rsquo;t fit or suit the new space, sell or donate them ahead of the move.<\/span><\/p>\n\n\n\n<h3 id=\"tip-3-consider-multi-functional-furniture\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #3: Consider Multi-Functional Furniture<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">In smaller homes, efficiency is key. Opt for furniture that serves multiple purposes, such as a Murphy bed that folds up when not in use or ottomans with storage inside. This approach maximizes the utility of every square inch in your new home.<\/span><\/p>\n\n\n\n<h3 id=\"tip-4-be-mindful-of-sentimental-items\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #4: Be Mindful of Sentimental Items<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Downsizing often means making hard choices about sentimental items. Decide which items are <\/span><b><i>most meaningful<\/i><\/b><span style=\"font-weight: 400;\"> instead of keeping every item with emotional value.&nbsp;<\/span><\/p>\n\n\n\n<h3 id=\"tip-5-evaluate-your-financial-goals\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #5: Evaluate Your Financial Goals<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Consider how a smaller house fits into your broader financial plan.<\/span><i><span style=\"font-weight: 400;\"> For instance, do you have the potential to pay off your mortgage faster?<\/span><\/i><\/p>\n\n\n\n<h3 id=\"tip-6-address-debt-reduction-strategically\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #6: Address Debt Reduction Strategically<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Downsizing can be an effective strategy for reducing your financial burden. The savings from lower monthly expenses can be redirected towards paying down high-interest debt. Use the money to pay down credit card balances or student loans, adopting either the highest interest rate (or <\/span><a href=\"https:\/\/www.investopedia.com\/articles\/personal-finance\/080716\/debt-avalanche-vs-debt-snowball-which-best-you.asp\" target=\"_blank\"><span style=\"font-weight: 400;\">debt avalanche<\/span><\/a><span style=\"font-weight: 400;\">) method or the <\/span><a href=\"https:\/\/www.lendingtree.com\/debt-consolidation\/debt-avalanche-method\/\" target=\"_blank\"><span style=\"font-weight: 400;\">smallest debt first <\/span><\/a><span style=\"font-weight: 400;\">approach.<\/span><\/p>\n\n\n\n<h3 id=\"tip-7-plan-for-the-emotional-journey\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #7: Plan for the Emotional Journey<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Acknowledge the emotional aspects of downsizing. Leaving a home full of memories can be challenging, <\/span><a href=\"https:\/\/www.nytimes.com\/2010\/02\/28\/realestate\/28cov.html\" target=\"_blank\"><i><span style=\"font-weight: 400;\">especially on<\/span><\/i><\/a><span style=\"font-weight: 400;\"> moving day. Allow yourself time to process these feelings, and reach out for support from friends and family.<\/span><\/p>\n\n\n\n<h3 id=\"tip-8-repurpose-with-purpose\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #8: Repurpose with Purpose<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">As you downsize, you&rsquo;ll likely encounter items that are no longer needed or don&rsquo;t fit in your new space but still hold value or function. Instead of getting rid of these items, <\/span><a href=\"https:\/\/www.thesimplicityhabit.com\/downsizing-to-a-smaller-space\/\" target=\"_blank\"><span style=\"font-weight: 400;\">consider <\/span><\/a><span style=\"font-weight: 400;\">repurposing them in innovative ways.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Furniture that seems too large can be modified to fit a new purpose, such as turning an old dresser into a kitchen island or a bookshelf into a room divider with added storage.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/i.etsystatic.com\/11995285\/r\/il\/942bea\/1831177602\/il_1588xN.1831177602_dzf0.jpg\" ><figcaption class=\"wp-element-caption\"><em>Image source: Etsy <\/em><\/figcaption><\/figure>\n\n\n\n<h3 id=\"tip-9-seek-community-support\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #9: Seek Community Support<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Look into local or online communities for <\/span><a href=\"https:\/\/downsizingsupport.com\/\" target=\"_blank\"><span style=\"font-weight: 400;\">support and advice<\/span><\/a><span style=\"font-weight: 400;\"> during the downsizing process. Sharing experiences and tips with others who are going through or have gone through the downsizing process can provide valuable insights <\/span><i><span style=\"font-weight: 400;\">(and even emotional support).&nbsp;<\/span><\/i><\/p>\n\n\n\n<h3 id=\"tip-10-consider-temporary-storage-space\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Tip #10: Consider Temporary Storage Space<\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">If you&rsquo;re unsure about which items to part with, using a temporary storage solution can provide a buffer to make decisions&ndash;<\/span><i><span style=\"font-weight: 400;\">without rushing<\/span><\/i><span style=\"font-weight: 400;\">. if you&rsquo;re downsizing for financial reasons, consider a budget-friendly storage provider <\/span><a href=\"https:\/\/www.neighbor.com\/self-storage-near-me\"><span style=\"font-weight: 400;\">like Neighbor<\/span><\/a><span style=\"font-weight: 400;\"> (that offers storage at costs 50% lower than traditional options).<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">This approach can be useful for seasonal items or belongings you&rsquo;re not ready to part with but don&rsquo;t immediately need in your new space.<\/span><\/p>\n\n\n\n<h2 id=\"you-got-this\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">You Got This!<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Moving into a smaller place is a bold step that can really pay off. While the process may seem daunting while you&rsquo;re still packing boxes, focus on the rewards &mdash; financial savings, less maintenance, and a home that truly fits your current needs &mdash; are well worth the effort.&nbsp;<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">With careful planning and a positive mindset, you&rsquo;ll navigate this transition successfully, opening the door to a new chapter of life that&rsquo;s rich with possibilities.<\/span><\/p>\n\n\n\n<h2 id=\"let-neighbor-help-you-downsize\" class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Let Neighbor Help You Downsize<\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">When downsizing your living space, you might find yourself with belongings that no longer fit. But this presents a challenge: finding a <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/self-storage-more-creative\/\"><span style=\"font-weight: 400;\">place for these items<\/span><\/a><span style=\"font-weight: 400;\"> without cluttering your new, smaller home. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thankfully, <span style=\"font-weight: 400;\"><strong>a peer-to-peer storage marketplace, <em>like Neighbor,<\/em><\/strong> offers a practical solution to this dilemma.<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/neighbor.com\/rentals\/search?utm_source=blog\"><span style=\"font-weight: 400;\">Neighbor<\/span><\/a><span style=\"font-weight: 400;\"> connects individuals looking for storage space with those who have space to offer. This platform allows you to find <\/span><a href=\"https:\/\/www.neighbor.com\/storage-blog\/storage-unit-size-guide\/\"><span style=\"font-weight: 400;\">storage spaces<\/span><\/a><span style=\"font-weight: 400;\"> that match your specific needs, whether it&rsquo;s for furniture, books, or other items. <\/span><em>You&rsquo;ll even find storage hosts in your very own neighborhood. <\/em><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"In the 1960s, the average home size was 1,600 square feet. Fast forward to today, and that figure&hellip;\n","protected":false},"author":41,"featured_media":12809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[15],"tags":[19,12,13,14,16],"class_list":["post-1808","post","type-post","status-publish","format-standard","has-post-thumbnail","category-moving","tag-frugal-living","tag-neighbor-host","tag-life-hacks","tag-moving-tips","tag-renter","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Downsizing Benefits: Tips and Cost Calculator | Neighbor<\/title>\n<meta name=\"description\" content=\"Downsizing means smaller mortgage payments, fewer chores\/less maintenance, lower repair costs, and decreased expenses. 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