Finances
In some places, larger rental homes cost quite a lot. They are even more exorbitant to maintain and tend to have higher utility bills. This is one of the biggest justifications that start people thinking about downsizing, to save money. If your financial situation has changed, it may indeed be suitable to downsize your rental home. Conceding that you can afford a large rental, you should take into consideration other things you could be spending that extra money on, such as a new hobby, travel, or investing.
Personal Belongings
If you’re thinking of downsizing, it’s necessarily better to assess first how many personal belongings you have and what you plan to do with them. If you have several pieces of furniture, heirlooms, collectibles, or other items, these may not fit in a smaller rental. You could pay to store your things in a storage unit, where the monthly rental fees could add up right away. Think about whether or not the storage unit is climate controlled due to the fact heat, cold, and dust can all destroy your valued possessions. If you can, try to downsize your belongings first before moving to a smaller rental home.
Accessibility
Being able to move about your rental home comfortably is a matter of finding the right fit. If your current rental has stairs or other attributes that make access difficult, it may indeed be time to take into consideration downsizing to a single-story rental home. Smaller homes are furthermore less laborious to clean and maintain, relieving the responsibility on anyone looking to spend less time on household tasks and more time on other more meaningful and pleasurable activities.
Amenities
If you’ve been hankering to move closer to a cultural center, the local nightlife, or other amenities, that can be suitable grounds to go into downsizing. Rental homes near-prime amenities are oftentimes more expensive, but if you downsize, you may be able to spot something you can afford that still bestows convenient proximity to the places and events you love.
Plans for the Future
Maybe you’re considering downsizing since your life has changed, and, most likely, so have some of your priorities. If the kids are grown and gone, and retirement is forthcoming, you may have big plans in connection with spending your new free time somewhere other than at home. Likely the time is good to downsize to a smaller rental, freeing you to get out and do all those things you’ve been dreaming about for so long.
After attentive consideration, you are the only person who can decide if the time is right to downsize your rental. But certainly, if you’re totally eager and ready, go ahead and give Real Property Management Wasatch a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d enjoy helping you find the rental home that is perfect for you! You can view our listings online.