Blesso Loft, Location: New York NY, Architect: Joel Sanders. Loft in penthouse in Nolita section of Manhattan with central light well and garden.

By Natalie Seaman
16th March 2017

There are many reasons for wanting to move to a smaller home. You might be an “empty nester” with the last of the kids having left home. The upkeep of a large home and garden might be taking up too much of your time and energy. Or are the bright lights, chic cafés and other benefits of city living calling you in from your house in the suburbs? Here are our top seven benefits of moving to a smaller home:

  1. It will save you money

Yes, let’s bring out the big guns first. Some of you won’t need to read any further. Saving money? You had me at “saving”. Smaller spaces require less energy to heat and cool, especially in homes that have a high energy efficiency rating (which is the case with most new apartments and townhouses).

Then you have the cost difference between selling your house in the suburbs and buying an apartment or townhouse. Sure, you need to consider that apartments and townhouses in some blue ribbon locations can be quite expensive due to their location. Do your homework on developments in a few different locations and find one that suits your budget. You may well be able to sell your larger home, buy an apartment or townhouse and make a healthy profit in the process.

  1. Less time cleaning and more time living

“I wish I had more time to clean”. Said no one. Ever. Smaller homes take less time to clean, and smaller gardens (or no garden) take less time to maintain. Inside, a “half hour of power” every week should see the housework taken care of, then you have the rest of the day to do whatever it is you love to do. Outside, for those who like to have a garden there are some magnificent ideas available for small spaces. You can still have a garden, just not be a slave to it. It also gives you the option of going away for an extended period of time. Go and visit your sister in Spain for 3 months, and not have to worry about getting someone to water your garden whilst you are away. Just lock up and leave!

  1. Reduce your environmental footprint

We have already talked about lower energy bills so this gets the big green tick. You will save water by having a smaller garden, use less cleaning products, and save on petrol too as you will probably be a short walk from shops, cafés, restaurants and bars. Best of all, you will think twice about buying things that you will hardly ever use.  Walk straight past all those new wave kitchen gadgets that you will only use once, then put it in the cupboard never to be seen again. Think of all the money you will save!

  1. Join the Tiny Home movement

Smaller homes are all the rage at the moment thanks to lifestyle TV shows such as “Tiny House Hunters” and the Minimalists movement.  There is a worldwide trend towards saving money, time and stress by  reducing your economic and environmental footprint. Simplify your life and don’t be forever a slave to a mortgage. Makes sense to me!

  1. Feel like you are on holiday, every day

Many apartments and townhouses have cool, resort style amenities within the development such as swimming pools, barbecue areas, outdoor pizza ovens, outdoor fire pit, gymnasiums, libraries and some even have their own movie cinema. You can enjoy all these facilities and let the body corporate take care of all the cleaning and maintenance. Also, many apartment buildings have shops, cafés, restaurants and bars within the building. Want a night out? Just take the lift downstairs.

  1. Blue chip location without the blue chip price tag.

A house and land in an inner city location will cost you a small fortune. If you want the inner city lifestyle with everything you need within walking distance, an apartment is a much more affordable option.

  1. Apartment or townhouse living offers better security

Apartment buildings usually have a locked front door to the building that only residents can access. In both apartment and townhouse developments you have the added security of other people living in close proximity that can keep an eye on your home when you are not there, or at least to make would be thieves think twice about entering your home.

So, there are our seven benefits of downsizing your home. Do you have any more to add? Please let us know in the comments section below.

If you are seriously considering downsizing, here are a couple of points to think about:

  • The furniture from your larger home will not fit, and likely will not suit, your smaller apartment or townhouse. Your smaller home will look and function much better with quality furniture designed specifically for smaller spaces.
  • The body corporate takes care of maintenance and cleaning of the communal space at the development but this does come at a cost. Research body corporate fees carefully for any development you are considering purchasing in.
  • If you are downsizing for retirement, think about your mobility requirements as you get older and stay away from apartments and townhouses with stairs. A single level apartment or villa may be the best option.

 

On a final note, downsizing your home is a huge step with many potential benefits, but remember it doesn’t have to be forever! If you don’t like it you can always go back to a larger home.

At POD Projects Group we have a wide range of apartments and townhouses currently for sale, and many more to be released over the next couple of years. Visit our website for more information, and if you have any questions feel free to contact us. We would love to help you!