5 Benefits of Scaling Down the Size of Your Home
The "less is more" trend has become increasingly popular in recent years, and with good reason, too. Due to a higher cost of living, downsizing is happening everywhere and it’s actually improving the way people live.
How Can Downsizing Your Home Save You Money
Homeowners, in general, are waking up to the fact that bigger isn’t always better. Larger living spaces mean larger bills, not to mention all the excess room for clutter.
There are numerous benefits that come with a smaller home. Here are just a few.
No Need to Spend on Extra Stuff
With less space comes a need to sacrifice all that extra clutter. We tend to accumulate a lot of extra furniture, decorative pieces, wall art, and a variety of other things we just don’t need to be happy.
When someone moves into a much smaller home, there’s just no room for non-essentials, and that’s perfectly fine. You could sell all that extra stuff and use the money to build your savings.
You could even improve your quality of life in many ways:
- Less stuff means less stress.
- Less house means cheaper expenses.
- More money saved means room for travel and entertainment.
Less to Clean, Less to Care For
When you have a smaller home, one of the first things you realize is that taking care of it requires a lot less money and effort.
Household chores that used to take up the whole day now only take a few hours, leaving you more time to enjoy the fruits of your labor.
With all the extra time you’ll have, you can focus on organizing other parts of your life as well.
Less Is More
Many people don’t realize this until they try it, but the fact is, we’re all wired to appreciate less. There’s something about simplicity and minimalism that makes us happy and content.
When a room is overly crowded with stuff, it can feel overwhelming, complicated, and even stressful. It doesn’t feel very inviting. To rid yourself of stress, stick with less.
Find out how to free yourself of your financial clutter with these 5 Tips to Spring Clean Your Banking Junk Drawer!
Save Money on Your Electric Bill
Since you don’t have as much room in your house as before, there’s less need for A/C.
Air conditioners have to run twice as much when cooling larger indoor spaces, but if you cut that indoor space in half, you’ll find that it only has to run half the time, which means a cheaper electric bill!
Not only that but you may find that other bills aren’t as heavy as they before either:
- Lawncare (fewer plant life)
- Pest control (smaller property)
- Cable (fewer cable boxes)
- Mortgage (smaller house)
Save More Money for Your Future
When facing a one-time financial emergency, finding affordable installment loans near you could offer some relief. But if you need financial relief that will last, downsizing your home might be a game changer for you and your family.
Consider the benefits mention above and consider doing your own research to see if it’s worth it for you and your family to begin a new chapter – perhaps one that’s a little smaller, a little cozier, and a lot happier!
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.