Here’s Why Downsizing Your Home Is Still a Trending Concept
4 Reasons Why Downsizing Still Makes Sense
If television programming and culture trends indicate anything, it’s that tiny homes are very popular in the United States at the moment. But unfortunately, very few states consider these transportable homes legal residences and this tends to make things difficult for many who yearn to reduce their possessions and adopt the tiny lifestyle.
While housing laws can be a setback for the time being, there’s no reason to let that stop you from downsizing your home and reducing your possessions so you can live the life you want. You don’t have to go tiny to transform your life. You can still accomplish your goals by downsizing to a smaller, yet legal homestead.
In fact, this ultimately winds up being the solution for many people craving to live smaller, and here are four of the top reasons why downsizing continues to be such a hot trend.
#1: You’ll Save More Money
For many, the tiny lifestyle is attractive because it promises a dramatic reduction in housing expenses. But, you can still enjoy this benefit simply by moving into a smaller home. From the mortgage payment to taxes and from utilities to maintenance, all of your expenses will be lower in a smaller home. If you downsize to a condo or an apartment, your costs will drop even further because you won’t have to pay for things like yard maintenance, roofing repairs, and other upkeep costs. Just remember to factor in HOA fees when you’re assessing the cost benefits.
With your expenses dropping, this means you’ll have more money to put towards your retirement, travel, education, investments, or anything else you’re passionate about.
#2: You’ll Reduce Your Carbon Footprint
Another reason why downsizing is so popular is that today’s home buyers understand the importance of living more environmentally responsible lives. And, one of the best ways to reduce your carbon footprint is to reduce your energy consumption. Moving into a smaller home plays perfectly into that concept.
In addition, by buying a smaller home, you’ll be more conscious of your possessions and the things you buy. Adopting a more minimal lifestyle will enable you to get rid of the things you don’t need, and future purchases will be made with greater consideration. In other words, you won’t be as big of a “consumer” as you previously were, and this is good for the planet.
#3: You’ll Enjoy More Freedom
With more money in your bank account and more time on your hands (thanks to less maintenance and upkeep), you will enjoy more freedom simply by going small. You’ll have the time to pursue the activities you always wanted to try. You’ll be able to travel more. You’ll have the time to curl up with a good book. You’ll be able to try the hot new restaurant that just opened in town. To put it simply, in buying a smaller and more affordable home, you won’t be “working for your mortgage” anymore.
#4: You’ll Enjoy Less Stress
The difference between a large home and small one is that there is a lot more that can go wrong in a big home. And, when problems arise they tend to be expensive and stressful. While buying a small home doesn’t mean you won’t ever have to face a stressful moment, the truth is that with less debt, clutter, and maintenance you will dramatically reduce the amount of stress in your life. Your simple, humble home will help you gain a clearer and calmer state of mind because you won’t always be worrying about your finances or the next big problem.
Today’s homeowners are changing the way they think about their homes. Gone are the days of keeping up with the Joneses. A home is supposed to provide a family with exactly what it needs to live the best possible life, and as many homeowners are now discovering – a huge home isn’t always the answer.