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Is Downsizing Right for You? Things to Consider Before Moving

Estate Agents   |   October 18, 2023   |   Wright & Co Estate Agents

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When buying a new house, not everyone looks for somewhere with more space and additional bedrooms. Downsizing can be just as popular as upsizing and as homeowner’s lives change, so do their space needs. There are several benefits to reevaluating your living space over time and downsizing can be a great option for homeowners who don’t use all of the rooms in their homes or feel as though they don’t need the amount of space they have. 

That being said, downsizing is a big decision and it’s important to ensure that you’re making the right choice for you and your family at this moment in time. Every homeowner’s needs and circumstances are unique, and what’s right for one isn’t necessarily what’s best for another. Before you put your house on the market and start looking at smaller properties, below we have put together a list of things to carefully consider. 

Motivation for Downsizing

It’s always important to understand the reasons why you want to downsize. Whether you want to simplify your lifestyle, reduce your living costs, move closer to loved ones or transition into retirement living, it can impact the next property you purchase. Downsizing can be a good option in any of these circumstances and you may find that a 2 bedroom house will be better-suited to your new needs than the 3, 4 or 5 bedroom house you currently have.

How You Use Your Space

While there are benefits to having a smaller home, such as less cleaning and reduced overheads, you need to consider whether you’ll miss the space you have now. Do you often have family or friends over? Do you have a dedicated office space? Thinking about how you currently use your space and whether you still require additional rooms can help you make an informed decision about your next property. 

Parting with Belongings

For many homeowners, downsizing often means selling, donating or recycling some of their belongings. You need to consider whether you’re willing to declutter to be able to fit into a smaller home or whether you would miss your belongings. It’s essential to ensure that a smaller home would be comfortable for you and your family, and you can practically live there. 

Moving Costs

While downsizing can reduce things such as mortgage or rent payments, utility bills and maintenance costs, there are some expenses to consider when you’re downsizing. Whenever you move home, there are costs associated with the process and you need to evaluate your current financial situation before moving. 

The Timing of the Move

Even if downsizing feels right for you and your family, the timing of the move needs to be considered. If you have children in school, for instance, moving might disrupt their education or social routines. It could be beneficial to wait a few months before you start the moving process or alternatively, now could be the perfect time for a fresh start. 

Lifestyle Changes

It’s important to bear in mind that living in a smaller house might mean less room for entertaining guests or not being able to have family members stay when they visit. Consider whether these are changes you’re willing and prepared to embrace. Similarly, consider how the decision to downsize fits into your long-term plans. If you’re retiring, for example, think about the accessibility of the new home as you get older.

Searching for 2 Bedroom Houses for Sale in Hatfield, Hertfordshire 

Downsizing can be a refreshing change and there are lots of benefits to living in a smaller property. However, it’s not a one-size-fits-all solution. By carefully considering everything mentioned above, you can decide whether downsizing aligns with your current circumstances and future needs. Remember, a home isn’t just about size; it’s about comfort and functionality, and finding the perfect property for you and your family is essential. 

If you’d like to downsize and you’re searching for 2 bedroom houses for sale in Hatfield, be sure to contact us at Wright & Co. We can help you to find a new property that meets all of your requirements and we have a great selection of houses that are ideal for anyone wanting to downsize. You will be in safe hands with our team, we have over 110 years of combined experience and we have in-depth knowledge of the local property market. To find out more about properties for sale in Hatfield, Hertfordshire get in touch with us today. 

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