Your rental home should match your lifestyle and meet your needs as a renter. If your situation has recently shifted, you might be asking yourself whether downsizing to a smaller home is the right choice. Extra bedrooms and larger spaces might be perfect for some, but they also require more work to maintain and keep tidy.
As the old saying goes, “More isn’t always better.” Sometimes it’s simply more.” Before you decide to downsize your rental, let’s think about a few factors.
When downsizing makes financial sense
Bigger rental homes usually cost more in most places. These homes are also more expensive to maintain and have increased utility costs. 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 you can manage a larger home, consider the other ways you could spend that extra cash—on a hobby, traveling, or investments. Shifting your perspective in this way can guide you to a decision that prioritizes both space and financial well-being.
Reducing clutter and simplifying your living space
If you’re thinking of downsizing, consider your possessions and what you intend to do with them. If you own a lot of furniture or collectibles, they may not fit in a smaller rental home.
You could opt to rent a storage unit, though monthly fees can add up over time. Consider if the storage unit offers climate control, as temperature swings and dust could damage your valuable items. Try minimizing your possessions before moving into a smaller rental, if you can.
Spending less time cleaning
Being able to move comfortably around your rental home is key to finding the right fit. If your current rental has stairs or features that make it hard to access, you might want to downsize to a single-story home.
A smaller home means easier cleaning and maintenance, which is perfect for those who want to spend less time on chores and more on personal activities.
Living closer to specific amenities
If you’ve been eager to live nearer to cultural centers, nightlife, or other attractions, this could be reason enough to think about downsizing.
Rental homes near desirable amenities are often more expensive, but downsizing may allow you to find something affordable with easy access to the places you enjoy.
Is downsizing the right choice for you?
You may be contemplating downsizing due to changes in your life and a shift in your priorities. If your children are grown and gone and retirement is near, you may have plans to enjoy your free time somewhere other than at home. Moving to a smaller rental could be the key to making these plans a reality, giving you the freedom and flexibility to enjoy everything you’ve been dreaming about.
If you’re prepared to find a new rental home in Murfreesboro or the surrounding areas, Real Property Management Full Service is here for you. Our rental homes are designed to accommodate a variety of 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.
