Is downsizing right for you?
Here’s what to consider before you move.
Basement conversion
Are you at a turning point in life? Maybe you’ve recently retired, the kids have left home, or you’ve gone through a major life change like separation or divorce and now you’re wondering, what’s next?
For many, downsizing is an appealing option. But is it the right move for you?
Downsizing isn’t just about choosing a smaller home, it’s about rethinking how and where you want to live. It’s a lifestyle shift, and like all big decisions, it deserves careful consideration.
Can You Really Live in a Smaller Space?
Ask yourself:
How much space do I truly need?
What areas of the home are essential to my wellbeing?
Could I comfortably let go of the “extras” I don’t use anymore?
Downsizing means getting honest about what’s non-negotiable. Maybe it’s a second bedroom for guests or grandkids, a dedicated space for hobbies or remote work, or storage for sentimental belongings. Defining these priorities is the first step to deciding whether a smaller home will genuinely work for you.
It’s Not Just About Less Space, It’s a New Mindset
After a lifetime of living in a larger home, adjusting to something smaller can feel confronting. But it can also be liberating. With less room to fill, you become more intentional about what you own and what you value.
Many people find that once they get over the initial challenge of decluttering, downsizing actually simplifies life and reduces mental load.
Designing a Home for the Future
If you’re going to move, make it count. Downsizing gives you the chance to choose a home that suits not just your lifestyle now, but well into the future. Think about:
Whether bathrooms and kitchens can be adapted as your needs change
The ease of home maintenance
Accessibility (steps, door widths, entryways)
Whether you want a home that you can truly age into
And while many downsizers choose apartments or retirement villages, there are also compact stand alone homes or townhouses that strike a balance between space and manageability.
Connection, Community and Location
A fresh start is exciting but don’t overlook your support network. Moving away from family, friends or familiar services can be isolating.
Consider:
How close you want to be to loved ones
Whether you’ll still have access to clubs, community groups, shops or healthcare
If you’ll enjoy the lifestyle of the area (urban, coastal, rural?)
The right location can make a smaller home feel like a big improvement to your day-to-day life.
Understand the Costs and the Savings
Yes, smaller homes typically mean lower energy bills and less up keep. But there are new expenses to be aware of:
Strata or body corporate fees
Management or service fees in retirement communities
Legal and moving costs
Make sure you get a full picture of the financial implications before you commit.
Declutter at Your Own Pace - If You Can
If time is on your side, start decluttering now. Sorting through a lifetime of possessions can be emotional and time consuming. Doing it gradually can make the transition far less stressful and give you clarity on what kind of space you’ll need in your next home.
What Kind of Home Will Suit You Best?
The possibilities are wide:
An inner-city apartment close to culture and cafes?
A peaceful retirement village with built-in support?
A smaller home in your current suburb, keeping you close to your community?
Also consider what amenities and activities are important to you, from public transport and medical care to walking trails and social clubs.
The Bigger Picture
Downsizing can free up both time and money. You might travel more, enjoy a more social lifestyle, or just feel less weighed down by “stuff.” But like any big change, it comes with trade-offs.
The key is to make the decision with your eyes open and be clear on what really matters to you.
Final Thoughts
Downsizing isn’t for everyone, but for many, it’s a powerful step toward a more manageable, fulfilling lifestyle. With the right planning, the right mindset, and the right support, it could be exactly the next chapter you’ve been looking for.
Would you like help figuring out whether downsizing is right for you? I offer practical support to help people plan, declutter, and design their next home with confidence and clarity. https://www.livsmall.com.au/contact