Should You Downsize?
My husband, Scott, and I downsized at a 3,000-square-foot the location of a 400-square-foot casita almost couple of years ago.
We’ve never been happier.
Have all of you boomers downsized or have you been planning to do it in the near future?
You’re in a growing crowd.
Recently, there was a cultural shift with additional people thinking about living minimally deciding on to live with less. And not just us boomers who might be empty nesters.
Part from the trend might be due to author Marie Kondo’s popular book “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing,” which encourages minimalism by urging readers to lose things that don’t bring them joy.
Then there was clearly the whole “tiny house” movement. More plus more people began choosing experiences, adventures, and seeing throughout the world a big house using a huge mortgage.
Although minimalism isn’t the exact same concept because the hippie movement within the 60s, you boomers may relate. Remember when many teenagers thought society ended up corrupted by capitalism and also the materialist culture it created? Although a radical time, it dawned on many that while pursuing “success,” people lost sight on the more meaningful experiences life were required to offer.
Of course, that is a personal and important decision that is not for everyone. But, thinking about consider moving into a smaller home?
The pandemic made many boomers rethink their priorities.
After being separated from family over the pandemic, some needed to move better their children and grandchildren. If their kids live the spot that the cost of living is higher, an inferior house can make the move possible. If their children have large properties, tiny houses could possibly be an option.
Some boomers lost their jobs or watched their retirement dreams fade as being the pandemic raged on and were instructed to look at additional options. That may have included selling their large family house and downsizing to slice expenses.
In fact, funds are a primary motivating factor when determining to downsize, according to some survey within the article, “The Upside to Downsizing.” When respondents were asked why some might want to purchase a reduced home, 59% of baby boomer homeowners said conserving money was their primary cause of doing so.
Others, like myself, chose smaller digs being a lifestyle choice. True, Scott and I needed to save more money for retirement, but we also wanted to reside in a simpler life to obtain more time for meaningful activities and pursue our goals and dreams.
The survey established that desiring less responsibility and much more freedom definitely played a part from the decision making. A third of boomers (38%), perhaps empty nesters, stated their previous home was too large. Another 36% claimed their larger home was an excessive amount of work to maintain and clean. The survey revealed 22% planned to reduce stress and 16% liked the thought of reducing clutter.
That was certainly the truth with my husband and I. After my son was granted full custody of his children, we volunteered to relocate into our two-room casita and rent the key house to him as well as the kids. We was considering downsizing for awhile.
Turning 60, we needed to make the decade count in the end were still healthy enough to do this. By this time, I was tired on the responsibility of cleaning a huge house. Fascinated with living a minimalistic lifestyle, we watched endless instances of “Tiny House” programs on HGTV. It soon became apparent, we wished to spend added time on meaningful activities and new adventures. In other words, a substantial home no more served our needs.