Rightsizing is all about finding the home that suits your family, your current life stage and the lifestyle that you want. Whether that’s downsizing because your kids have grown up and left home or upsizing because you need an extra bedroom or two, rightsizing will help you do just that.
How do you rightsize a home for your needs?
When it comes to deciding on the right sized home for your needs, there are some questions you should ask yourself.
- How much space is enough? Do you need a home with two, three or four bedrooms? Do you need a dedicated study because you’re now working entirely from home?
- Would selling your large four-bedroom home and moving to a more compact one put extra dollars in your pocket? This could definitely help with your retirement plans.
- Does maintaining your current home take up all your time on the weekend? Do you really need a large yard now that the kids have left home?
- Or, would a home with a large yard give you more space for the kids to enjoy?
- Maybe, you want a larger yard so that you can have room for a granny flat in the backyard, either for elderly parents or as a teenager’s retreat.
- Also consider whether it would make more sense financially to sell your current home and buy a more suitable one instead of spending the money to renovate.
Rightsizing your home for retirement
If you’re still living in the same home that you raised your family in and you’re nearing retirement, now might be the time to consider rightsizing your home for your current life stage.
Your current home may now be too large for your needs. You might have rooms that you never use but they still need to be cleaned. You might also be finding that your garden is much larger than what you need and maintaining it is taking up all your spare time.
Instead, think about moving to a smaller property that has just the right amount of space for you to enjoy comfortably. Even if you thoroughly enjoy gardening, a smaller cottage-sized garden may be all that you need.
There’s another benefit to downsizing your home. A smaller home is likely to cost less than what you can sell your current home for. This means you can put that extra cash away to enjoy when you retire and do all the things that you’ve been putting off. There are so many benefits to rightsizing your home as you head towards retirement.
Rightsizing your home as your family grows
If you have a growing family, you might find that your current home is just getting too small and cramped. This is especially the case these days as more and more people are working from home.
Don’t you dream of having a study all to yourself where you can work without being interrupted constantly by the kids and the dog as they run and play around the house?
You might also consider a new home that has a really large yard that would allow you to put in a modular office at the back. This would give you total privacy to conduct online meetings and work without interruption.
Also, as we commonly see on the Northern Beaches, people who own homes with large backyards often build a small transportable cottage or tiny home for their elderly parents or even their grown-up kids who are trying to save a deposit to buy their own home.
As you can see, rightsizing is all about finding the perfect sized home for your current needs no matter what life stage you’re at.
Can we help you rightsize your Northern Beaches life?
To find out more about how important it is to rightsize your home to your current needs, please give the JDH team a call.
