As a renter, it’s important that your home suits your needs and lifestyle. If your situation has recently shifted, you might be asking yourself whether downsizing to a smaller home is the right choice. While extra bedrooms and spacious homes work for some, more room also brings more upkeep and cleaning responsibilities.
As the common phrase goes, “More isn’t always better.” Sometimes it’s simply too much.” Before choosing to downsize your rental, let’s think through a few key considerations.
When downsizing makes financial sense
In many locations, bigger rental homes come with a higher price tag. Maintenance and utility costs are also higher in larger homes. This is one of the main reasons people begin thinking about downsizing to save money. If your financial situation is different, downsizing your rental might be a smart move.
Even if a bigger home is within your budget, think about what else you could use that extra money for, like a new hobby, travel, or investments. This perspective shift can lead you to make a choice that considers both space and your overall financial health.
Reducing clutter and simplifying your living space
If downsizing is on your mind, it’s important to review your personal items and determine what to do with them. If you own a lot of furniture or collectibles, they may not fit in a smaller rental home.
You could rent a storage unit for your things, but the monthly fees can add up fast. Make sure the storage unit is climate-controlled, since heat, cold, and dust can harm your valuable belongings. If you can, downsize your belongings before transitioning to a smaller rental home.
Spending less time cleaning
Easy movement within your rental home is crucial to finding the right fit. If your current rental includes stairs or features that make access tough, downsizing to a one-level home could be a smart move.
A smaller home is easier to manage and clean, ideal for anyone wanting to reduce household chores and focus on other activities.
Living closer to specific amenities
If you’ve been dreaming of moving closer to cultural hubs, nightlife, or key amenities, it might be time to consider downsizing.
Rental properties near premium amenities tend to be pricier, but downsizing could allow you to afford something closer to the places and activities you enjoy.
Is downsizing the right choice for you?
Maybe you’re thinking of downsizing because your life and priorities have both changed. With the kids grown and gone, and retirement on the horizon, you may be planning to spend your free time away from home. Downsizing to a smaller rental could be the gateway to these possibilities, providing you with the freedom and flexibility to do everything you’ve dreamed of and more.
If you’re ready to search for a new rental home in Pleasanton or the surrounding area, Real Property Management Diablo Valley is here to assist you. We offer rental homes that suit different life stages and lifestyles. We’re here to help you find your perfect rental 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.
