Score 4.5 (12.66) Reducing the size of the house to a smaller home means less maintenance, lower bills and more time to do the things you love. It's an exercise to save money and time. Since there are many reasons to reduce the size of your home, we've created a guide to help you learn how to reduce the size of your home efficiently and live clutter-free. We've put together more than 10 tips on how to reduce the size of your home, plus specific tips for older people looking to downsize and maintain a tidy lifestyle after moving.
You should start the staff reduction process as soon as possible to have time to properly tidy up your home without feeling overwhelmed. A general rule of thumb is that you'll want to start at least 3 months before you plan to move, but honestly, the sooner the better. Be very picky about new purchases to avoid clutter. Some people live by the rule that if something new enters their home, something else must disappear.
This will help to minimize clutter and prevent you from spending unnecessarily. If you're really undecided about a purchase or have bad spending habits, give yourself a 48-hour cooling-off period to see if you really need it or if you've just been caught up in the thrill of an impulse purchase. Victoria Araj is a section editor at Rocket Mortgage and held positions in mortgage banking, public relations and more during her more than 15 years with the company. He has a bachelor's degree in journalism with an emphasis in political science from Michigan State University and a master's degree in public administration from the University of Michigan.
Refinancing: 11-minute read Rocket Mortgage, 1050 Woodward Ave. Unless you have the money to buy your new home directly, the reduction in staff may not be worth it financially. Mortgage rates have risen by more than 2.5 percentage points since the beginning of the year, and financing a home purchase is now significantly more expensive than it was a few months ago. Robert Elson, a real estate agent at Coldwell Banker Warburg, recommends estimating all of these costs in advance long before deciding to downsize.
Once you've made all this effort to downsize and simplify your life, you'll want to keep up the good work. Good organization is key to any move, but it will be especially useful when you reduce the size of your home. One of the main reasons older people decide to downsize is to get rid of the burden of maintenance. From the opportunity to save on bills, to make household chores more manageable to new decor and opportunities for a new area, downsizing can be incredibly exciting.
The financial advantage of downsizing, whether it's a hot, cold, or neutral market, makes little difference overall. If you're downsizing your home because your children have gone to college, make sure that your new home allows you the lifestyle you want and that any items you carry with you are appropriate. Downsizing can be difficult for those who don't want to change or have become accustomed to their home, but there are many advantages and opportunities. If you think that any step in the reduction and relocation processes is above capacity or you don't have time, seek help.
When you start to realize how much money you'll save by downsizing your home, don't forget the costs associated with moving to a new location. Aliche had also recently reduced the size of her house, and they talked about how sometimes it was uncomfortable to tell people that they had reduced their size.