As a renter, it is important that your Dover rental home is a good fit for your needs and lifestyle. If your circumstances have changed recently, you might be contemplating downsizing to a smaller rental house. Extra bedrooms and lots of space may be the right choice for some, but more space also means more work to keep it clean and properly maintained. As one popular saying puts it, “More isn’t always better. Sometimes it’s just more.” Before deciding to downsize your rental, you should consider the following.
Finances
In most places, larger rental homes cost more. Larger homes are also more expensive to maintain and tend to have higher utility bills. This is why many people start thinking about downsizing– to save money. If your financial situation has changed, it may be best to downsize your rental home. Even if you can afford a large rental, you might think about other things you could be spending that extra money on, such as a new hobby, travel, or investing.
Personal Belongings
If you are thinking of downsizing, you have to consider how many personal belongings you have and what you plan to do with them. A smaller rental may not be able to accommodate all your furniture, heirlooms, and collectibles. You can always keep them in a storage unit if you can spare enough for the monthly rental fees. Consider whether or not the storage unit is climate controlled because heat, cold, and dust can all wreak havoc on your prized possessions. You can try to downsize your belongings first before moving to a smaller rental home.
Accessibility
A big part of finding the right fit is being able to move around your rental home comfortably. Downsizing to a single-story rental home is a good option for those whose current rental has stairs or features that make access difficult. It is also easier to clean and maintain smaller homes. Household tasks take less time to finish so you can spend more time on other activities.
Amenities
If you want to live closer to a cultural center, the local nightlife, or other amenities, that could be a good reason to think about downsizing. Rental homes near these amenities are usually more expensive but if you downsize, you might be able to find something within your budget.
Plans for the Future
Maybe you are thinking about downsizing because of a change in priorities. Your kids might have grown and left, and you are thinking about retirement plans or about spending time somewhere other than at home. This might be the right time to downsize to a smaller rental, giving yourself more freedom to do the things you have always wanted to do.
Ultimately, the only person who can decide if it is the right time to downsize your rental is you. But if you’re ready, go ahead and give Real Property Management Seacoast New Hampshire a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d love to help you find the rental home that is perfect for you! You can view our listings online.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
