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Thinking About Downsizing? Here’s What Renters Should Consider

A wooden house adorned with various question marks, symbolizing curiosity about a rental home.
It’s essential for your rental home to align with both your needs and lifestyle. If your circumstances have shifted, you might be considering whether to move into a smaller rental. Having extra bedrooms and a lot of space can be ideal for some, but it also means more cleaning and maintenance.

As the common phrase 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 areas, bigger rental homes are more expensive. They’re more costly to maintain and have higher utility expenses. This is a major reason why people consider downsizing—to cut costs. If your finances have changed, downsizing your rental could be a wise decision.

Even if you can comfortably afford a larger home, think about what else you could spend that money on—such as a hobby, traveling, or investing. 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 thinking about downsizing, take stock of your personal belongings and decide what to do with them. Larger furniture, heirlooms, or collections might not fit comfortably in a smaller rental property.

Renting a storage unit is an option, but those monthly fees could pile up quickly. Think about whether the storage unit is climate-controlled, as extreme heat, cold, and dust can damage your valuables. If possible, try reducing your belongings before moving into a smaller rental.

Spending less time cleaning

Comfortably moving around your rental is an important aspect of finding the perfect 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 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?

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 could open the door to these opportunities, providing the freedom and flexibility to do everything you’ve dreamed of and beyond.

When you’re ready to find a new rental home in Marietta or nearby, Real Property Management Cambridge is here to assist. Our rental homes can accommodate different stages of life and a variety of lifestyles. Let us assist you in finding your ideal home! Browse our available listings today and start your downsizing journey!

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