As a renter, your Wake Forest rental home must be a good fit for your needs and lifestyle. If your current situation is different from a few months ago, you might be thinking if you should downsize to a smaller rental house. For some people, the extra bedrooms and space may be a perk, but this can also mean more work to some– more to clean and maintain. As one popular saying puts it, “More isn’t always better. Sometimes it’s just more.” Before you decide to downsize your rental, here are some things you need to consider.
Finances
In most places, larger rental homes cost more. Larger homes are also more expensive to maintain and tend to have higher utility bills. One of the reasons why people think of downsizing is to save money. If your financial situation has changed, it may be best to downsize your rental home. Even for those who can afford a large rental, you could still use the extra money on new hobbies, 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 could place them in a storage unit, but that would mean additional 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. As much as possible, downsize your belongings first before getting a smaller rental home.
Accessibility
Being able to move about your rental home comfortably is a big part of finding the right fit. If your current rental has stairs or other features that make access difficult, it might be time to consider downsizing to a single-story rental home. Smaller homes are easier to clean and maintain, meaning you could be spending less time on household tasks and more time on other activities.
Amenities
If you want to be in closer proximity to cultural centers, local nightlife, or other amenities, you may also want to think about downsizing. Rental homes near top-notch amenities are usually more expensive, but if you downsize, you may be able to find something within your budget that is conveniently near the places and events you love.
Plans for the Future
Maybe you are thinking about downsizing because of a change in priorities. Having grown kids, or entering retirement age, may have gotten you thinking about how you can spend your new free time somewhere other than 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.
At the end of the day, after considering everything, you are the only person who can decide if the time is right to downsize your rental. But if you’re ready, go ahead and give Real Property Management Raleigh 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.
