Reducing 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. If you're going to reduce your staff in the future, it means you can choose a property that better meets your needs as you age. My wife and I have a house of more than 2,400 square feet with a living room and a large bedroom.
It was built in 1964 and it took me more than 16 years to take advantage of the renovations, which I did 90% of myself. I'm looking forward to buying a smaller home of less than 2,000 square feet with more land to enjoy being outside. Kudos to people like you who have made smaller homes work and it's great to hear the point of view from others who have taken this path. My fondest childhood memories are of being in my grandmother's house (4 bedrooms, 3 bathrooms) with aunts, uncles and cousins who visited me from all over the region.
Even with all the beds and sofas, several children had to sleep on pallets on the floor. I now have three children of my own who will go to university in a few years. I would like to reduce my size, but my husband and I want to have enough space for our children's future families to come whenever they want, even all at the same time. I own a super cute 2-bed country house.
I really can't afford anything bigger. However, I feel a bit of a failure because my 3 daughters share a room. They're okay with that, but would I love to offer them more? The house is 2000 square feet with 4 bedrooms and office. Very large, in fact, for a terraced house.
We could then look for a country house. We have 4 children and I don't want a bigger house, but more land to grow and live in. However, I can't find a house that has enough space (the bedroom, even sharing can be difficult if the room isn't set up correctly) for 4 children and 2 adults and more land. I'm tired of city life, but I don't want to buy big just to have more land.
What would you say about this situation? Thank you. While we've been enjoying the benefits of mass cleaning since we moved and of being a little closer to each other, we need a bigger house on our side. It's hard to study at home in a smaller house without taking control of the kitchen, and that ends up being a chronic disaster. It's hard to spend quality time with your spouse when the family room and kitchen are just 15 feet from the children's rooms (this house has a poor floor plan).
I reduced the size of a bedroom from 3 to a 1-bedroom with a small study corner. I love that he's forcing me to get rid of things that I haven't used in years. A bit of initial pain, since I didn't get rid of it before moving, but I slowly sold everything, earning a little extra money and paying much less cash in the rent. Because the frequency with which I have visitors who stay, having an extra room doesn't make sense either.
A simple idea to reduce the size of your home is to eliminate duplicate items. Get rid of excess plates, wall art, baskets and bins, and other unnecessary multiples to focus on the items you really need. Since you'll have less space, choose your favorites and donate, sell or throw away the rest. It's safe to say that homeowners don't usually daydream about buying a smaller home.
But minimal maintenance is definitely an advantage of not living in a big way. After all, the time and money you used to spend on cleaning and maintenance can now be spent on fun things. That's why some people see downsizing as a step forward, not a step backwards. If you think there's less space, you're not alone.
After all, an adult who usually goes to college isn't too close, but what about a son or daughter (or even another family member) who might need to move home for other reasons? Would you like to share a bedroom and bathroom with them? When looking for a new home, make sure it meets your physical and emotional needs, as well as your financial needs. Just because you can find a bargain doesn't mean the house is worth it. After all, if you're going to make the effort to move, you have to do it right. In many cases, less is more: Think about the trend of small houses and the general popularity of downsizing.
The most common ones we hear from our customers downsizing are to save money and eliminate unused space. Downsizing your home may be the right decision at any stage of life, depending on your goals. You might find that buying a smaller home makes more sense once it becomes an empty nest, or maybe you're a member of the millennial generation who wants more money to retire early or travel. Moving forward in life doesn't have to mean moving to a larger home, and most Americans have plenty of room to downsize, without compromising their lifestyle.
We all have big dreams and goals besides owning the most expensive home we can afford. The latest modern housing option, the tiny house movement, makes the country think on a small scale. You don't necessarily have to go to the extreme of separating all your possessions into three plastic containers and installing a composting toilet. But if you're thinking, “Should I reduce my size? It might be the right time for a smaller family home.
Whether children have grown up and moved, or retirement or changes in income make you think about downsizing, circumstances are easier to handle with a smaller home. Whatever your lifestyle, here are seven reasons to downsize your home. Reducing staff may not be the right option for everyone, but it's worth a look if you want to save money and reduce your monthly expenses. Home-related costs, such as insurance, property taxes and interest payments, increase with the size of your home.
By buying a smaller home, you'll save on heating and cooling costs and on overall home maintenance. If you end up needing a new roof, for example, a smaller house will prove much less expensive than that suburban mansion. All the money you save will help fund your retirement or your child's college tuition and pay off your debts. A small home is easy to maintain and requires much less time, energy and effort to stay clean and organized.
This frees up our schedules to dedicate ourselves to the things in life that matter most. According to the Census Bureau report, Americans stay in their homes longer than ever, and of those who move, a whopping 42 percent want a newer or better home. Moving to a smaller home saves time and time saves money. A smaller house is more affordable for a larger percentage of the population.
Talk to a licensed real estate agent to help you determine what size homes are available in your area and what your options are for reducing costs. A professional knows what it takes to get the best deal on your current home and how to get the best deal on a new, reduced one. Dozens of online resources suggest that we shouldn't spend more than 28 percent of our net income on our monthly mortgage payments. Wouldn't we feel less stress if we were only 15 percent of our income in debt? Maximizing our debt-to-income ratio in a home is a recipe for disaster.
Your mortgage is usually your biggest life debt and probably the No. Whether your staff reduction journey has officially started or you're still wondering if now is the right time, we hope these seven reasons to reduce your staff have provided you with a bit of information. Downsizing your home is a step forward, and if you think less space is the right choice, you're not alone. Reducing the size of your home and living a short life is a very personal decision that takes into account a lot of factors that cannot be summarized in an 800-word publication.
Be sure to review your living expenses to see where you can make adjustments and cuts and determine how you want to use your staff reduction savings. You should start the staff reduction process as soon as possible to have time to properly tidy up your home without feeling overwhelmed. For example, you may be a good candidate to refinance your home instead of reducing its size entirely. One of the main reasons older people decide to downsize is to get rid of the burden of maintenance.
You'll have the advantage of being able to plan ahead to have a space that works for your family when you reduce its size. If you decide to downsize, traveling can be less of a hassle when you need to leave home for extended periods of time, especially if you're staying in an apartment or condominium from a separate home. But it could be argued that reducing staff in a seller's market would give the owner more cash available after the closure. I've had a big, beautiful house (4000 square feet) and I can honestly say that I felt more alone in that house than in my reduced 1750-square-foot house.