By Kelli Brewer
Americans have traditionally loved to amass more and more
stuff, and that trend seems to continue as reports show no signs of slowing storage industry growth. However, a glut of unnecessary items can weigh a household
down and prevent a family from enjoying life thoroughly. Consider the numerous
benefits of economizing your lifestyle.
Gain Freedom for Other Activities
A smaller home can free you from time and maintenance costs
to do more things you love, like traveling. A more modest dwelling attracts
less attention from criminal activity, and a lower square footage is easier to
Create Extra Income From Your Home
Property values typically increase over the long term. When you’re ready
for something smaller, you can sell for a profit, purchase a newer home, and
pocket the difference, leaving you capital to invest in savings or a new
business. Review your local market and strategize your sale for the best deal.
A home sale proceeds calculator helps you calculate your home’s current value.
If it’s not the right time to sell, contemplate renting your
home. Use a property management company to save yourself the headaches of caring for maintenance
and rent collection. Try short-term renting if you’re in a location with many
tourists or corporate businesses. If you want to avoid the hassle of cleaning
between guests, hire iEcocleaning
to keep your rental sparkling clean!
Save on Home Expenses
Moving to a smaller house can curb mortgage and maintenance
expenses and cut the energy consumption of heating and
cooling a home while you’re away. Your
water bill may balloon when caring for a large yard, which can also lead to water waste
— problems you can avert in a tinier home.
Improve Your Mental Health
Constant clutter causes anxiety and stress. It’s easier to accumulate unnecessary items in
a larger space. A smaller home forces you to focus on the essentials. Start
simplifying so you can fit all of your things in your new spot with these tips:
- Digitize family photos and mementos and keep
them in cloud storage
- Have a yard sale or sell used items on
- Donate clothes you haven’t worn in over a year
to thrift stores
- Recycle old tools and equipment or sell them to
Protect Your New Home With a Home Warranty
Homes always have maintenance challenges, so consider
investing in a home warranty when purchasing your next house. Homeowners
insurance assists you if your home’s structure is damaged, an accident happens
on your property, or you experience theft. While a necessary expense,
homeowners insurance does not relieve you of the costs of appliances or systems
failing. An annually renewable home warranty ensures your appliances, HVAC,
plumbing, and electrical systems stay in good repair. Choosing a home warranty
is largely based on which company has the best warranty for you.
Start Over After a Major Life Transition
After a significant change or challenging event, a new
locale may be best. After adult children move out, the house may feel empty and
lonely. Since the school district and the slow streets of suburbia are no
longer a necessity, an area that shortens your work commute and is near
nightlife may be better. After a job loss, the death of a loved one, or the end
of a relationship, life in a new location can allow you to reinvent yourself
and prevent wallowing in grief about the past.
Holding on to more than you can manage is mentally,
emotionally, and financially draining. Downsizing helps you scale down your
lifestyle to improve your life. Formulate a plan, find a new location, and
invest in a home warranty to protect your home.