OK. You love where you live, the amenities and the routine. However, as we near the final 30 or 40 years of our lives, don’t you feel it’s time to embark on an adventure? I for one ‘embraced the new’ to move to the Gloucester region. So flip that mindset from feeling like any change would be a loss and recognise the benefits.
You’re moving towards an easier life
Maybe you feel you have a good life but you sometimes feel overwhelmed by all the stuff you have and need to do. The mowing, the endless maintenance. So when you consider what downsizing might mean, look at it this way: you’re moving to “better”. A less complicated life. New friends and experiences. Renewing your acquaintance with an old hobby or taking up a new one. Taking all those trips you felt you didn’t have time for.
Better cash flow
When you downsize, you’ll release equity in your home that can go into your superannuation or an annuity (whatever your financial adviser recommends) to boost your living standard.
Lower cost of living
Moving from a large family home to a smaller (or just less costly) home or even an apartment by the sea will save you money on your electricity and gas bills as well as council and water rates.
More time
You’re moving towards never mowing the lawn again or cleaning the pool or taking care of livestock. However, it’s important to figure out how you’ll fill your days.
More travel
With less time spent on maintaining an older home or property, you’ll have more time to take those trips you only ever fantasised about.
My tips for embracing downsizing
Downsizing is best approached using steps you can control.
- Make a plan
Once you’ve (sort of) got the idea you’d like to (or need to) downsize, start planning and ask yourself the key questions. What’s most important to me? Where would I like to live? How much space do I need?
If you own your own home, find out what to do to prepare your home for sale. Put together a list of charities who will pick up excess furniture or talk to your family to see if any of them could use your stuff.
- Decide what is enough
Most of us, even the dedicated declutterers, manage to accumulate so much stuff. You can’t take it with you ‒ not all of it. So imagine your new life in your new home: what do you need (and I’m not talking about all the ‘just in case’ stuff). The less stuff you have, the less you have to worry about, like working out how to pack it and where to store it.
- Start decluttering
I’m going to jump right in and start with the hard bit: the sentimental stuff. Many of us have items that belonged to our parents, the kids’ school reports, the first paintings. (With children’s stuff, the easiest option is to pack it up and send it to the relevant child. Then it’s their problem.)
Remember that you are separate from your belongings. If you can’t find a home for sentimental stuff within your family, take photos of everything you’re mushy about then give it to someone you know will appreciate it or donate it to a charity.
- Have a decluttering method
To make decluttering easier on you and anyone around you, set up four boxes (or large bin bags if you can’t source boxes). Label them separately as Keep, Maybe, Donate and Toss. Leave your Donate container by the front or back door so you’ll be prompted to take your donations to a charity. For furniture, use coloured stickers for Keep, Donate or Junk.
Emotions on the other side of downsizing
While some will cling to their old lives, most people find themselves excited about living in a new home or a new town; in fact, the word they use often is ‘liberated’. Of course, that could be that the hard work is done! Now all you need to do is find a home for those possessions you brought with you and start making new friends. Good luck!
Need advice on selling your Gloucester region property?
As a proud local, I’m here to guide you through the process of selling your home. I specialise in lifestyle, rural and residential properties. I’ve done it myself and helped many families over my career. So give me a call; I’m here to help.