Your rental home should be a good fit for both your needs and the way you live. If your situation has changed, you might be thinking about downsizing to a smaller rental home. While extra space and additional bedrooms may suit some, they also come with the burden of increased cleaning and maintenance.
As the old saying goes, “More isn’t always better.” Sometimes it’s just extra.” Before deciding if downsizing your rental is right, let’s consider a few points.
When downsizing makes financial sense
In most regions, larger rental properties tend to cost more. They’re more costly to maintain and have higher utility expenses. This is a key reason why many think about downsizing, to reduce expenses. If your finances have changed, downsizing your rental could be a wise decision.
Even if you can manage a larger home, consider the other ways you could spend that extra cash—on a hobby, traveling, or investments. Changing your perspective like this can help you make a choice that’s not just about space but also about your financial health.
Reducing clutter and simplifying your living space
When considering downsizing, assess your belongings and figure out how you plan to manage them. A large amount of furniture, heirlooms, or collectibles might not fit well in a downsized rental.
Paying for a storage unit is an option, though the monthly costs could build up quickly. Consider if the storage unit offers climate control, as temperature swings and dust could damage your valuable items. If you’re able, downsize your belongings before moving to a smaller rental home.
Spending less time cleaning
Being able to move comfortably around your rental home is key to finding the right fit. If your current rental has stairs or other access challenges, downsizing to a one-story home might be worth considering.
Smaller homes require less effort to clean and maintain, making them a great option for those who prefer to spend their time on other pursuits.
Living closer to specific amenities
If you’ve been thinking about moving closer to cultural centers, nightlife, or amenities, that may be a good reason to downsize.
Homes near high-end amenities are usually more costly, but by downsizing, you might find something affordable that keeps you close to the places and events you enjoy.
Is downsizing the right choice for you?
You may be contemplating downsizing due to changes in your life and a shift in your priorities. If the kids are out of the house and retirement is near, you may be thinking of spending your free time somewhere other than at home. Downsizing could open the door to these opportunities, providing the freedom and flexibility to do everything you’ve dreamed of and beyond.
When you’re ready to find a new rental home in San Antonio or nearby, Real Property Management First Class is here to assist. We have a variety of rental homes that suit different life stages and lifestyles. We’d be happy to help you find the perfect home! Browse our available listings today and start your downsizing journey!
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.
