Should You Downsize

My husband, Scott, and I downsized from the 3,000-square-foot you will find a 400-square-foot casita almost couple of years ago.

We’ve never been happier.

Have any one of you boomers downsized or are you currently planning to do this in the near future?

You’re not the only one.

Recently, there was a cultural shift with increased people considering living minimally and selecting to live with less. And not just us boomers who could be empty nesters.

Part with the trend can be due to author Marie Kondo’s popular book “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing,” which encourages minimalism by urging readers to lose things that don’t bring them joy.

Then there were the whole “tiny house” movement. More plus more people began choosing experiences, adventures, and seeing around the world a big house which has a huge mortgage.

Although minimalism isn’t the identical concept as being the hippie movement from the 60s, you boomers may relate. Remember when many the younger generation thought society ended up corrupted by capitalism and also the materialist culture it created? Although a radical time, it dawned on many that while pursuing “success,” people lost sight with the more meaningful experiences life needed to offer.

Of course, it is a personal and important decision it’s not for everyone. But, thinking about consider moving to your smaller home?

Why Downsize?

The pandemic made many boomers rethink their priorities.

After being separated from family throughout the pandemic, some wished to move much better their children and grandchildren. If their kids live the place that the cost of living is higher, a lesser house can make the move possible. If their children have large properties, tiny houses might be an option.

Some boomers lost their jobs or watched their retirement dreams fade because the pandemic raged on and were made to look at additional options. That may have included selling their large house and downsizing to reduce expenses.

In fact, cash is a primary motivating factor when settling on downsize, according to your survey inside article, “The Upside to Downsizing.” When respondents were asked why they could want to purchase a compact home, 59% of baby boomer homeowners said lowering costs was their primary reason behind doing so.

Others, like myself, chose smaller digs like a lifestyle choice. True, Scott and I desired to save more money for retirement, but we also wanted to reside in a simpler life to get more time for meaningful activities and pursue our goals and dreams.

The survey demonstrated that desiring less responsibility plus more freedom definitely played a part within the decision making. A third of boomers (38%), perhaps empty nesters, stated their previous home was way too large. Another 36% claimed their larger home was an excessive amount of work to maintain and clean. The survey revealed 22% desired to reduce stress and 16% liked the concept of reducing clutter.

That was certainly true with my husband and I. After my son was granted full custody of his children, we volunteered to go into our two-room casita and rent the key house to him plus the kids. We have been considering downsizing for awhile.

Turning 60, we wished to make the decade count in the end were still healthy enough to accomplish that. By this time, I was tired on the responsibility of cleaning a major house. Fascinated with living a minimalistic lifestyle, we watched endless installments of “Tiny House” programs on HGTV. It soon became apparent, we wished to spend longer on meaningful activities and new adventures. In other words, a sizable home will no longer served our needs.

Although, I have to admit, there were a bit of trepidation downsizing from your 3,000-square-foot you will find a 400-square-foot casita. Would we enjoy it? The answer is a resounding yes! We have zero regrets and savor our newfound freedom.

My son’s rent payment within the house covers most the mortgage and now we split the price tag on utilities. In addition, because we now have less space to save possessions, we consume less. These changes have allowed us to economize and realize some of our dreams now and inch better other goals.

Since we downsized, i was able to achieve my lifetime dream about traveling to Africa. We just obtained a travel trailer and are also having fun camping now and they are one step better realizing Scott’s dream about traveling the states together after he retires.

Without the responsibility of caring for a substantial home and yard, the world thinks our time is much better spent in spiritual activities and volunteer work. Not to mention, I now have added time to work on my own latest writing project – a manuscript on writing in retirement that is certainly currently inside the editing process.

Perhaps author Sheri Koones put things within the proper perspective. She encouraged while using the term “right-sizing” instead with the word “downsizing,” which may feel like you’re being deprived. Right-sizing targets what is “right” available for you now – on what’s vital to you – and obtaining a way to incorporate those priorities inside your life. Right-sizing lets you create the lifestyle you want with increased money to have fun with this.

For example, maybe you need to relocate to some warmer climate. A smaller home can allow added time and money for outdoor activities like golf, tennis, or cycling. Perhaps you want to call home in a thrilling, bustling city in easy reach of restaurants, bars, theaters, and shopping and choose to reside in a compact condo or apartment.

Right-sizing can open doors.

The Downside of Downsizing

Of course, saying this, there are numerous cons to downsizing.

In the survey, respondents cited having less space and privacy because most difficult adjustment to downsizing. Interestingly, almost two times as many Millennials and Gen Xers hated privacy issues than seniors.

Half the respondents admitted doing away with possessions was a major challenge.

Moving, no matter what circumstances, is stressful which enable it to be expensive.

If you like gardening, that you will find less space to do it. And if you’re keen on entertaining guests, a reduced home may get within the way.