Here are my tips for downsizing wisely, whether you’re moving or simply freeing up space in your current home.
- Downsize the Big Stuff If You’re Moving.
- Take the Small Stuff With You.
- Go Through Every Box.
- Plan Your Storage Before Downsizing Further.
- Follow the One-Year Rule.
How do I downsize my belongings?
How to Downsize Your Belongings
- Toss Anything You Don’t Use 80 Percent of the Time. You have to be ruthless when downsizing.
- Don’t Get a Storage Unit. “I tell everyone I work with that off-site storage is not your friend,” says Jacquie.
- Differentiate Between Decoration and Clutter.
- Sell Items With Resale Potential.
- Sell Art With Value.
- Keep What You Love.
How do you prepare for a downsize move?
How to Downsize Your Stuff for a Move
- Get an early start.
- Work in concentric circles.
- Involve your family.
- Ask yourself questions.
- Envision your new home.
- Determine the cost.
- Consider context.
- Be kind to yourself.
How do you know when it’s time to downsize?
5 Signs It’s Time to Downsize Your Home
- Your mortgage, insurance, and property taxes exceed 30% of your take-home pay.
- Your maintenance and repair costs keep climbing.
- Your housing costs leave no room for savings.
- You’re tired of not having options.
- You’re no longer using all that space.
At what age should seniors downsize?
Like most Senior Housing, CCRCs are age-restricted communities. Residents must be over some minimum age. Ages 55, 62, or 65 are the most common legal thresholds.