What to Look for in a Smaller Home When Downsizing

10 December 2024

Are you ready to trade in your sprawling space for something more compact and cozy? Downsizing can feel like a breath of fresh air—less to clean, fewer things to maintain, and lower bills to worry about. But finding the perfect smaller home? Well, that’s a whole different ballgame. Don’t worry; I’ve got your back. In this article, I’ll walk you through everything you need to keep an eye on when searching for your next downsized haven.

Why Downsizing is the New Black

Let’s be real—bigger isn’t always better. With so many of us embracing minimalism, simplifying life, or just trying to cut costs, downsizing has become a trend that’s here to stay. Whether you’re an empty nester, a retiree, or just someone who’s tired of all the stuff, moving into a smaller home can be liberating.

But—and this is a big “but”—downsizing doesn’t mean settling. You still want a home that feels right, fits your lifestyle, and checks all your must-have boxes. Here's where to shine the flashlight as you shop for a smaller space.

1. Location, Location, Location

Let’s start with the golden rule of real estate: location. Just because you’re downsizing doesn’t mean you should compromise on where you live. Think about your lifestyle and what you need nearby.

- Are you looking for a quieter suburb vibe, or do you want to stay close to the hustle and bustle of city life?
- How’s the commute to work, family, or friends?
- Are there grocery stores, restaurants, or parks within walking distance?

Pro tip: When moving into a smaller home, being close to amenities becomes even more valuable. After all, when living smaller, you’ll likely spend more time enjoying what’s outside your front door.

2. Square Footage That Suits Your Lifestyle

Alright, let’s talk square footage. Sure, you’re downsizing, but how small is too small?

Take stock of how much space you actually need. Love hosting family gatherings or friends? A smaller home with an open floor plan might still let you entertain without feeling cramped. Work from home? A spare bedroom or nook for your workstation is a must.

It’s all about finding that sweet spot where cozy doesn’t turn into claustrophobic.

3. Storage: The Unsung Hero of Small Homes

If there’s one thing that can be a dealbreaker in smaller homes, it’s storage—or the lack of it. Think about it: where are you going to stash your seasonal decorations, your hiking gear, or even that waffle maker you use twice a year?

- Look for homes with built-in storage solutions like closets, cabinets, or attic space.
- Check out creative storage options like under-stair compartments or hidden drawers.
- A garage, even a small one, can be a lifesaver if you’ve got tools, bikes, or extra stuff.

Downsizing doesn’t mean you have to toss every possession into the giveaway bin—just make sure your new home has the space to keep what really matters.

4. Energy Efficiency and Maintenance

Smaller homes often come with smaller bills—hooray! But don’t stop there. If you’re committing to downsizing, why not aim for a home that’s energy-efficient too?

- Check the windows and doors for proper insulation. Drafty spots can drive up heating and cooling costs.
- Is the home fitted with energy-efficient appliances? (Hello, lower electricity bills!)
- If it’s an older home, make sure you won’t be sinking time and money into constant repairs.

Think of it like buying a car: you want something reliable and easy on your wallet long-term.

5. Functional Layout Over Fancy Features

Here’s the thing—when space is limited, the layout matters way more than some flashy bells and whistles. A small home with a smart floor plan will feel a lot bigger than one that’s poorly designed.

- Is there a logical flow between rooms?
- Are spaces multifunctional? (For example, can the dining area double as a workspace?)
- Is every square inch being put to good use?

Don’t get swept away by granite countertops and spa-like bathrooms if the actual layout doesn’t make sense for your needs.

6. Outdoor Space: A Bonus Worth Considering

When you’re moving to a smaller home, having even a sliver of outdoor space can feel like a luxury. Think about how much you value a patio, balcony, or backyard.

- Love gardening? A little patch of land could be a great outlet for your green thumb.
- Enjoy hosting summer BBQs? A deck or outdoor seating area might be essential.
- Even a small balcony can provide some breathing room and a spot to sip your morning coffee.

Remember, outdoor space can make your smaller home feel bigger than it actually is.

7. The Emotional Factor: Does It Feel Like Home?

Let’s not forget the most important thing—how does the space feel? Downsizing is an emotional journey as much as a practical one.

- Can you picture yourself living there?
- Does it spark joy (to borrow a phrase from Marie Kondo)?
- Does the home have character, or is it just another cookie-cutter box?

At the end of the day, your smaller home should feel warm, inviting, and tailored to your story.

8. Budget Wisely: Look Beyond the Price Tag

It’s easy to fixate on the sticker price of a home, but make sure you’re considering the full financial picture:

- What are the monthly utility bills like?
- Are there HOA fees or property taxes you need to factor in?
- Does the home require upgrades or renovations?

Downsizing is supposed to save you money—so double-check that your new home aligns with your financial goals.

9. Future-Proofing: Plan Ahead

If you’re downsizing as you get older, it’s smart to think about the future. Will the home still work for you in 10 or 20 years?

- Is it a single-level home, making it easier to get around as you age?
- Are doorways wide enough to accommodate mobility aids if needed?
- Is it in a safe, quiet neighborhood where you’ll feel comfortable long-term?

A little forward-thinking now can save you a lot of hassle down the road.

Final Thoughts

Downsizing doesn’t have to be daunting. It’s like trading in a gas-guzzling SUV for a sleek, efficient car—it might take some getting used to, but once you find the right fit, life feels simpler and lighter.

Remember, the goal isn’t just to move into a smaller home but the right smaller home. One that supports your lifestyle, saves you time and money, and feels like a perfect retreat.

So, take your time. Use this guide as your checklist. And don’t settle for less than what truly feels like home.