More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A
4 Tips For Downsizing To A Smaller Home
You can make the most of a small home with smart design strategies and careful planning.
Maybe your youngest has finally gone away to college, and you have much more space than you really need. Or perhaps you want to minimize your lifestyle and shrink your carbon footprint.
Whatever your reason for downsizing, you can rest assured that moving into a smaller home will not cramp your style. Making a more modest space work doesn’t have to be difficult. These tips can help you make the transition with ease.
Identify Your Needs
Before you start organizing things for the move, identify your needs. Think about your lifestyle and what things you will need to support your lifestyle. Be aware of what resources you will absolutely need moving forward.
If you have a lot of pictures and other sentimental items, consider ways to preserve these things for your children or grandkids. Maybe you can scan and upload old photographs to a shared online family photo album.
Get Rid Of Rarely Used Items
It can be challenging to get rid of things — even if you don’t use them often. However, change is good. Downsizing your belongings can also simplify your life. If you have items that still have a lot of life left in them, you might try giving them to family members, charities or friends. Finding a good home for your things can make it easier to part with them. You could also try to sell items that are valuable.
Choose Smart Storage Solutions
Having less square footage doesn’t mean that you have to get rid of everything you own. You just have to be smart about how you organize your space. There are many storage solutions that can help you make the most of a small area. Maybe mount your television to the wall to enhance your floor space. Use storage ottomans for combination seating and storage. Built-in cabinets are also great storage solutions for tiny rooms.
Before you move furniture and other larger items, measure the space to make sure that they will fit. Also, measure how much cabinet and closet space you will have available for use. You can use these measurements as a guide before moving anything to your new home. This simple step will save you the hassle of having to later get rid of items that you have already moved over.
To help with your transition, be sure to contact your trusted mortgage professional to get your pre-approval and financing in order as soon as possible.
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