As a renter, your home needs to fit your lifestyle and personal requirements. If your circumstances have shifted, you might be considering whether to move into a smaller rental. A larger home with extra bedrooms may appeal to some, but it also means more effort to keep it clean and well-maintained.
As the saying goes, “More isn’t always better.” Sometimes it’s just excess.” Before you decide if it’s time to downsize your rental, let’s evaluate a few aspects.
When downsizing makes financial sense
In most areas, bigger rental homes are more expensive. These homes are also more expensive to maintain and have increased utility costs. This is one of the primary reasons people start to consider downsizing, to save on expenses. If your financial situation has altered, downsizing your rental home could be a wise option.
Even if you can afford a larger home, it’s worth considering what else you could do with the extra money, like pursuing a hobby, traveling, or investing. Shifting your perspective in this way can guide you to a decision that prioritizes both space and financial well-being.
Reducing clutter and simplifying your living space
If you’re thinking about downsizing, take stock of your personal belongings and decide what to do with them. If you own a lot of furniture, heirlooms, or collectibles, they may not fit in a smaller space.
You could opt to rent a storage unit, though monthly fees can add up over time. Think about whether the storage unit is climate-controlled, as extreme heat, cold, and dust can damage your valuables. Consider downsizing your items before you move to a smaller rental, if possible.
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 features that make it hard to access, you might want to downsize to a single-story home.
A smaller home means easier cleaning and maintenance, which is perfect for those who want to spend less time on chores and more on personal activities.
Living closer to specific amenities
If you’ve been eager to live nearer to cultural centers, nightlife, or other attractions, this could be reason enough to think about downsizing.
Rental homes near prime amenities are typically more expensive, but downsizing could help you find an affordable option near the places you love.
Is downsizing the right choice for you?
You could be considering downsizing because your life, and possibly your priorities, have changed. If your children are grown and gone and retirement is near, you may have plans to enjoy your free time somewhere other than at 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 prepared to find a new rental home in Nashua or the surrounding areas, Real Property Management Thrive is here for you. We provide rental homes that fit a range of life stages and personal lifestyles. Let us assist you in finding your ideal 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.
