Your rental home should match your lifestyle and meet your needs as a renter. If your situation has changed, you might be thinking about downsizing to a smaller rental home. Extra bedrooms and larger spaces might be perfect for some, but they also require more work to maintain and keep tidy.
As the well-known saying goes, “More isn’t always better.” Sometimes it’s just excess.” Before you decide if it’s time to downsize your rental, let’s evaluate a few aspects.
When downsizing makes financial sense
In most regions, larger rental properties tend to cost more. They’re more costly to maintain and have higher utility expenses. This is why many people begin to think about downsizing—to lower their costs. Downsizing your rental home might be a smart move if your financial situation has changed.
Even if a bigger home is affordable for you, think about other ways you could use that money, such as on hobbies, travel, or investments. Changing your perspective like this can help you make a choice that’s not just about space but also about your financial health.
Reducing clutter and simplifying your living space
If you’re planning to downsize, it’s essential to evaluate your belongings and decide how to handle them. If you own a lot of furniture, heirlooms, or collectibles, they may not fit in a smaller space.
You could rent a storage unit for your things, but the monthly fees can add up fast. Check if the storage unit is climate-controlled, as exposure to heat, cold, and dust can take a toll on your prized possessions. If possible, try reducing your belongings before moving into a smaller rental.
Spending less time cleaning
Moving comfortably around your rental home plays a big role in finding the ideal fit. If stairs or difficult access are a problem in your current rental, think about moving to a single-story rental.
With less cleaning and maintenance, smaller homes allow you to spend more time on other activities rather than household chores.
Living closer to specific amenities
If you’ve been wanting to live closer to cultural hotspots, nightlife, or other amenities, that could be a good reason to downsize.
Rental homes near prime amenities are typically more expensive, but downsizing could help you find an affordable option near the places you love.
Is downsizing the right choice for you?
You may be contemplating downsizing due to changes in your life and a shift in your priorities. With the kids grown and gone, and retirement on the horizon, you may be planning to spend your free time away from home. Moving to a smaller rental could unlock these possibilities, giving you the freedom and flexibility to live out your dreams and more.
If you’re looking for a new rental home in Baton Rouge or nearby, Real Property Management Baton Rouge is here to help. Our rental homes are designed to accommodate a variety of life stages and lifestyles. We’d be happy to help you find the perfect home! Browse our available listings today and start your downsizing journey!
Originally Published on September 24, 2021
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