Downsizing might not be something that every family wants to consider doing. After all, it’s more likely that you will want to expand your home as your family grows.
But there are definitely times when it can make sense to downsize, whether it’s because your older children are flying the nest or because you feel like your current home is actually too big.
If you’re thinking about downsizing, you could have a few different ways to do it that might work out for you. Consider your current and future needs and look at some of these options for downsizing your home.
Downsize to an Apartment
Living in an apartment isn’t right for everyone, but there can be some great reasons to do it. Apartment living could give you access to some amazing amenities in the right apartment complex, and you might be able to connect with some great neighbors too.
It could also give you a good choice of properties, perhaps in an area where you wouldn’t be able to afford a house. Some apartments can still have plenty of space, even if they may be smaller than many houses, so you don’t have to miss out or feel like your whole family is crammed in.
Downsize to a Smaller House
If an apartment isn’t right for you, you might prefer to consider downsizing to a smaller house instead. A smaller house can offer you various benefits without taking away the advantages of living in a house.
Moving to a smaller house could mean choosing somewhere with one less bedroom or perhaps slightly smaller rooms. It could mean ditching spaces that you struggle to care for or don’t really use, such as a basement or spare room.
Even if your family is still growing, a smaller house could make sense for you if it meets all of your needs.
Reduce the Size of Your Outdoor Space
You might be happy with the amount of space you have in your home, but perhaps you feel you have too much outdoor space. In this case, you could consider downsizing to a property with a smaller yard.
It can be a lot easier to manage a property when there is less outdoor space to deal with, and you can avoid having to pay someone else to maintain it. Alternatively, you could consider making your existing land easier to maintain or even consider renting it out for someone else to use.
Consider Tiny Living
Tiny living with children might seem crazy, but it’s not impossible. It can be a good way for everyone to learn to live within their means and avoid having too much stuff. Plus, everyone can still have their own space if they use the space that they have wisely.
Tiny living could mean living in a small house or even living out of a van or trailer, or something similar. Custom-building a home that works for your family is often the best way to do it.
Downsizing could work for your family, even if your kids are still at home. However, it’s important to consider the consequences first.