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. While extra bedrooms and spacious homes work for some, more room also brings more upkeep and cleaning responsibilities.
As a popular saying suggests, “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. They also come with steeper maintenance costs and higher utility bills. This is one of the primary reasons people start to consider downsizing, to save on expenses. If your financial situation is different, downsizing your rental might be a smart move.
Even if you can afford a larger home, it’s worth considering what else you could do with the extra money, like pursuing a hobby, traveling, or investing. This perspective shift can lead you to make a choice that considers both space and your overall 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. Larger furniture, heirlooms, or collections might not fit comfortably in a smaller rental property.
You could rent a storage unit for your things, but the monthly fees can add up fast. Be sure to check if the storage unit is climate-controlled, as temperature changes and dust can ruin your treasured items. If you can, downsize your belongings before transitioning to a smaller rental home.
Spending less time cleaning
Moving comfortably around your rental home plays a big role in finding the ideal fit. If your rental has stairs or other barriers to easy access, consider moving to a one-story rental home.
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 wanting to live closer to cultural hotspots, nightlife, or other amenities, that could be a good reason to downsize.
Rental properties near premium amenities tend to be pricier, but downsizing could allow you to afford something closer to the places and activities you enjoy.
Is downsizing the right choice for you?
Perhaps you’re considering downsizing because life has shifted, along with some of 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 be the key to making these plans a reality, giving you the freedom and flexibility to enjoy everything you’ve been dreaming about.
When you’re ready to find a new rental home in West LA or nearby, Real Property Management Generations 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!
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.
