As a renter, your San Diego rental home must be a good fit for your needs and lifestyle. If your situation has changed recently, you may be questioning whether you should downsize to a smaller rental house. Extra bedrooms and lots of space might be a good call for a few, but in reality, more space means more work to keep it clean and properly maintained. As one popular saying puts it, “More isn’t always better. Sometimes it’s just more.” Just before actually deciding on whether the time is excellent to downsize your rental, let’s check out certain things you should look into.
Finances
In the majority of places, larger rental homes cost so much more. They are indeed also more expensive to maintain and tend to have higher utility bills. This is one of the main explanations people start off thinking about downsizing, to save money. If your financial situation has changed, it may perhaps be a superb time to downsize your rental home. Though you can afford a large rental, you can take into account other things you might be spending that extra money on, such as a new hobby, travel, or investing.
Personal Belongings
If you’re thinking of downsizing, it’s essential first to assess first how many personal belongings you have and what you plan to do with them. If you have multiple furniture, heirlooms, collectibles, or other items, these may not fit in a smaller rental. You could pay to store your things in a storage unit, where the monthly rental fees could add up in no time. Think of whether or not the storage unit is climate controlled on the account that heat, cold, and dust can all cause damage to your precious possessions. If you can, set out to downsize your belongings first before moving to a smaller rental home.
Accessibility
Being able to move about your rental home comfortably takes a great deal of finding the right fit. If your current rental has stairs or other components that make access difficult, it would be time to take into account downsizing to a single-story rental home. Smaller homes are moreover less arduous to clean and maintain, lessening the strain on anyone looking to spend less time on household tasks and more time on other ventures.
Amenities
If you’ve been venturing to move closer to a cultural center, the local nightlife, or other amenities, that’s an ample enough explanation to look into downsizing. Rental homes near excellent amenities are mostly highly-priced, but if you downsize, you may be able to discover something you can afford that still gives convenient proximity to the places and events you love.
Plans for the Future
Maybe you’re thinking of downsizing by taking into account that your life has changed, and, in some way, so have some of your priorities. If the kids are grown and gone, and retirement is approaching, you may have big plans relating to spending your new free time somewhere other than at home. Seemingly, it’s the perfect time to downsize to a smaller rental, freeing you more to get out and do all those things you’ve been dreaming about for so long.
After serious and thoughtful consideration, you are the only person who can decide if the time is right to downsize your rental. But certainly, if you’re suitably prepared, go ahead and give Real Property Management Realevate Specialists a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d surely love to help you find the rental home that is perfect for you! You can view our listings online.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
