{"id":72344,"date":"2021-05-10T00:10:08","date_gmt":"2021-05-10T07:10:08","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=72344"},"modified":"2022-03-25T14:09:15","modified_gmt":"2022-03-25T21:09:15","slug":"mistakes-to-avoid-when-downsizing-your-home","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/mistakes-to-avoid-when-downsizing-your-home\/","title":{"rendered":"Downsizing Your Home? Don\u2019t Make These 10 Mistakes"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Whether you\u2019ve decided to eliminate debt from your life, or you\u2019re first time empty nesters ready for a new chapter, now may be the time to downsize your home. But before you start, it\u2019s important to understand that there are many potential missteps along the way. This guide will help you navigate common mistakes so that you can make the most of your new, downsized lifestyle.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-72342\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1.jpg\" alt=\"A small house with landscaping\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Smallhouse1-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">1) Not setting goals before downsizing your home<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While the financial benefits of moving into a smaller space can be plentiful, it\u2019s important to set goals before you begin downsizing the family home. Here are the most popular reasons for downsizing your home:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Combating debt\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Turbo-charging your retirement fund\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paying off your <\/span><a href=\"https:\/\/www.redfinmortgage.com\/mortgage\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><span style=\"font-weight: 400;\">mortgage<\/span><\/a><span style=\"font-weight: 400;\"> instantly<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Saving money after retirement\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reducing home upkeep and maintenance\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">2) Ignoring hidden costs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Although you\u2019ll be saving money on your mortgage and utilities by downsizing, that doesn\u2019t mean you can throw financial caution to the wind. When you\u2019re house shopping, make sure that the home you\u2019re considering either doesn\u2019t require extensive repairs or maintenance, or at least make sure that you can comfortably afford them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, ensure that your new home doesn\u2019t come bundled with expensive property taxes and\/or HOA fees that might eat into your savings. And if your downsize is taking you to more expensive markets, like <\/span><a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\/housing-market\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">New York, NY<\/span><\/a><span style=\"font-weight: 400;\"> or <\/span><a href=\"https:\/\/www.redfin.ca\/bc\/vancouver\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><span style=\"font-weight: 400;\">Vancouver, BC<\/span><\/a><span style=\"font-weight: 400;\">, be sure to factor in the potential increase in the <a href=\"https:\/\/www.strawhomes.com\/what-is-a-good-salary-vancouver\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">cost of living<\/a> as well.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3) Forgetting to budget for your move<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As you begin to realize how much money you\u2019ll save by downsizing your home, don\u2019t forget about the costs associated with moving to a new location. While you may be thinking about cutting your costs by doing all the moving yourself, take a moment to consider hiring a moving company. Not only would you have someone to pack, move, and unpack your belongings, but most movers provide insurance, meaning that you\u2019ll be reimbursed should anything break.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">4) Holding onto unneeded junk\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Good organization is key to any move but it will prove especially useful when you\u2019re downsizing your home. So take some time to look through your garage, closets, and spare rooms for anything that\u2019s collecting dust. That model rocket you bought at the space fair eight years ago might be awesome but do you really want to keep holding on to it? Start by rounding up these sorts of belongings and then work your way through old clothes, toys, old appliances, etc., and separate them into three piles: keep, maybe, and donate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">PRO TIP: Josh Cohen, Founder and CEO of The Junkluggers, knows that when downsizing it\u2019s easy to overestimate the number of items that will fit in your new space. This can lead to double the work, starting before you move and then again after you\u2019ve moved in. Start by sorting items into groups of what to pack versus what to donate and recycle. Spending some extra time up front will help you streamline your move, and you\u2019ll also feel good about keeping items out of landfills. &#8211;<\/span> <a href=\"https:\/\/www.junkluggers.com\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><span style=\"font-weight: 400;\">The Junkluggers<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">5) Not determining your lifestyle needs<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">After setting your goals, take some time to figure out what features you\u2019d like to have in your new home. This is especially important when you\u2019re <\/span><a href=\"https:\/\/www.redfin.com\/blog\/when-is-the-right-time-to-downsize-your-home\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">downsizing<\/span><\/a><span style=\"font-weight: 400;\"> as you\u2019ll have less living space. If you\u2019re downsizing your home because your kids have gone to college, then make sure that your new home will permit the lifestyle you want and that whatever belongings you\u2019re taking with you will fit.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">6) Paying for rooms you won\u2019t use<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you stop to think about which rooms you use the most in your home, it\u2019s probably pretty simple: the living room, kitchen, a bedroom, and a bathroom. If you\u2019re not using your dining room, den, and third or fourth bedroom, why even have them at all? By thinking about what rooms you currently do and do not use, you can simplify your search for a downsized home.\u00a0<\/span><span style=\"font-weight: 400;\">The same tactic can be applied to your yard. If you find yourself spending little of your free time enjoying your yard \u2014 rather just maintaining it \u2014 then consider looking for a new home either with a smaller yard or without one.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-72341\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1.jpg\" alt=\"Apartment Living Room and Kitchen\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/02\/Apartment1-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">7) Trying to take all of your furniture with you<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">While your two-story home is more than capable of housing all of your furniture, your new home won\u2019t prove quite so spacious. So before you start loading your beds or sectional sofas onto a moving truck, keep the limitations of your new home in mind. Also, furniture that is too large for a room will only make a room look smaller, so you may want to consider getting a new couch that will truly work in your new space.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">8) Skimping on storage<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In addition to saving important documents that you don\u2019t require frequent access to, a storage unit is a great option for saving sentimental items like scrapbooks or seasonal items like winter coats. Whether you\u2019re downsizing temporarily or for the long haul, renting a storage unit is a great option for those items that you don\u2019t have space for but just can\u2019t bring yourself to get rid of.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">9) Forgetting to create a downsizing schedule<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Moving is a ton of work, even before you add downsizing your home to the mix. Avoid getting too stressed out by the process by remembering to take it one step at a time. Set a timeline for yourself and create a moving schedule accordingly, rather than attempting to tackle everything all at once. By creating a downsizing schedule and a <\/span><a href=\"https:\/\/www.redfin.com\/blog\/moving-checklist\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">moving checklist<\/span><\/a><span style=\"font-weight: 400;\">, you\u2019ll stay better organized throughout this process while also reducing stress.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">10) Choosing the wrong type of home\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When you\u2019ve made up your mind to begin downsizing your home, you\u2019ll then need to consider what <\/span><a href=\"https:\/\/www.redfin.com\/blog\/what-are-the-most-popular-home-styles\/\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">type of home<\/span><\/a><span style=\"font-weight: 400;\"> you want to move into. The type of home you decide on will depend on factors like your finances, health requirements, and the type of lifestyle you\u2019re seeking. Some houses you can consider include single-story, condos, or apartments.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before you start downsizing the family home, it\u2019s important to understand that there are many potential missteps along the way. This guide will help you navigate those pitfalls so that you can make the most of your new, smaller lifestyle.<\/p>\n","protected":false},"author":544,"featured_media":72342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[10756,34279],"tags":[4267,3991,33479],"coauthors":[34286],"class_list":["post-72344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-post","category-selling-a-home","tag-home-maintenance-improvement","tag-home-seller-tips","tag-home-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Downsizing Your Home? 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