Downsizing your house can necessitate self storage
While everyone considers how they can eat less, use less energy and buy less, downsizing a house never usually makes the top of anyone’s list. However it can be extremely profitable to downsize and therefore pay less rent, freeing up extra income for other purposes.
The question is how much space do we really need? Many would say that this varies according to accustomed lifestyle, which no doubt plays a part, but humans all have the same basic needs, however rich. If you want to know about downsizing to the extreme, look no further than the “Smallest House in Britain” on the coast of Wales which is approximately 3.05m x 1.8m. Its last owner was a 6ft 2 fisherman who vacated in 1900 although the house is still owned by his descendants.
Although this is taking it to the extreme it must be noted that the average size of a house has increased by 140% since 1950 according to www.treehugger.com. This has a variety of effects. Not only does it increase the amount of materials needed to build and furnish it, but the cost of running such large houses has a detrimental effect to the pockets of those living in them.
With rising gas and electricity bills and council tax rates, often it is impossible to live in a house that is going beyond your means. Downsizing would mean less heating and electricity with fewer rooms. However just because you are moving to another house does not mean you have to leave behind your favourite things – curtains and floor coverings can all be taken with you either to your new house or to self storage where it can be kept until further notice.
A new trend is now developing among building companies that have taken into account the recent housing collapse and have started building smaller houses. Therefore in return for less space, buyers can therefore splurge on other things, such as buying less but more expensive furniture, while simultaneously paying less gas and electricity bills.
By selling a bigger house in return for a smaller one means that, as well as less maintenance, it is also simultaneously eradicating a mortgage, or at least decreasing it if it existed.
Not only this, but size recently has become something of a symbolic status that you have “made it”. But size is not where the sense of home necessarily resides. Many families have found that since downsizing, their homes have become cosier and family life has improved, as smaller houses bring families together in terms of distance and this has a long term impact on family togetherness.