Homeowners are realizing that "living large" doesn't always mean bigger is better. In fact there are many benefits to downsizing to a smaller home. Whether the decision is voluntarily or you are forced to move for job relocation or other life event, rest assured there can be benefits to decreasing your home size. Do you love saving money, energy, resources. and saving time on upkeep? Then downsizing may be your next step! Here are 10 pluses to living a "cozy life".
1. Save money
Let's face it, the more space you have, the more area you feel like you need to fill every square corner with! Beyond the decreased savings on utilities, taxes, mortgage, etc., another one of the beauties of downsizing your home is the ability to pare down your furniture and other accessories you may have acquired in order to fill a space rather than truly needed to fulfill a function. Downsizing into a smaller home can help you prioritize your life and only bring what is necessary into your new home.
2. Lessen stress and upkeep
Many homeowners agree that living in a larger home leads to greater stress and upkeep. From cleaning, maintenance, furnishing, outdoor upkeep and the cost to run all of these factors, this can lead to a home that is stressful. Downsizing your home can be the first step to a minimal stream-lined life. You will be surprised how reducing your daily chores and maintenance will free up your time for leisure activities, spending time with your family, getting more rest, and maybe you could take the time to enjoy your home rather than feel like its a burden!
3. A smaller home, leads to a happier home
While your home lifestyle varies from your neighbors, many homeowners agree that smaller homes enable the family to bond and work together as opposed to large and spread out floor plan homes. Smaller homes can create an environment where family members or roommates get organized and can compromise over living arrangements, sharing closets, and making a small home feel cozy instead of cramped. Instead of looking at a smaller home as a down-grade, look at it as a way to a happier life!
4. Save energy
If you have ever lived in a large home you know one of the downsides are energy costs. From heating and cooling costs to water savings in your bathrooms and kitchens, it costs a lot to run a large home. Smaller homes will give the added benefit of reducing your carbon footprint meanwhile, enjoying a lower energy bill in the warmer and cooler months. If you are curious how a smaller home and energy efficient appliances and systems could work in your home, contact your local energy provider. They can often give you an audit of your current usage and estimate how you can save.
5. Downsizing can lead to more travel
All this money you'll be saving will leave room for more vacations and trips! And with a smaller home it may be much easier to leave for extended periods of time. You may not have even considered it before, but your house requires a lot of work when you leave town - from remembering to lock your windows and doors to keeping up on your lawn and plants. If you decide to downsize, it may help alleviate some of the stress of all that is to be done before you leave and while you are away!
6. Embrace new possibilities
For many homeowners, downsizing their home can be a new chapter. Whether you are an empty-nester who has older children who have moved out, someone who is recently divorced, or has lost their spouse or roommate. Consider opting for a smaller home that could have less upkeep, or possible a homeowners association that can maintain grounds and other amenities to enjoy your home as opposed to having to do the work yourself.
7. Small home living is enhanced in an urban city
Have you ever noticed a one room loft in a bustling urban city feels more cosmopolitan than a one room apartment that has 5 times the amount of space in the suburbs? There is something to be said about being among other city dwellers - where everyone is living in smaller homes than they would prefer. Make the most of your urban abode with color, creative malfunction furniture and bring in plenty of light into your space. While you may not have the penthouse of your dreams, you can play up your small home living with urban wall art, colorful home decor and lighting.
8. Splurge on a few key furniture pieces in a smaller home
While many people consider a downsize to mean they can't make their home look fabulous, think again! Some of the greatest dwellings are ones that have style and creative uses of space and proportions. Look to your favorite home designers who specialize in bringing color and life to small spaces. Splurge on a few key pieces like a dynamic colored couch that draws attention to your decor and not the size of the room. Beautiful design is about how to functionally use a space, while still being inspired to enjoy the room. Size shouldn't be a hindrance.
9. Creative organization is key to small home living
Wake up your interiors with creative organization. Bookshelves that are built-in to what normally would be a bare wall can make any space into an instant library. Vertical organization in a small closet can be enhanced with split areas for folded, hung, and drawer wardrobe storage. Downsizing your home will get rid of the clutter and will help you organize only what is essential.
10. A paired down lifestyle will help keep you out of debt
While this won't be true for every homeowner, pairing down your small living lifestyle can help you from over spending, over charging, and over buying for your large home. A smaller home will help you keep on a budget and shopping sprees will be curbed because there isn't enough space to house too many new additions. If you are trying to save money and keep your credit from going into the red, consider downsizing your home- your future will thank you for it!