Is It Time to Downsize?

If you are one of those rare people who travels light through life, this article may not be for you.  But if you are like most people, and you’ve been in your home for a while, the thought of downsizing has probably crossed your mind, especially if your family and life circumstances have changed since you first moved into your home, whether in Stony Plain, Spruce Grove, Parkland County, the Edmonton area or elsewhere.

 There are many good reasons to downsize:

  • saving money on home upkeep, insurance, taxes and utilities
  • unloading some of the “stuff” most of us can’t help accumulating on our life’s journey but which we find we no longer need
  • lessening our impact on the environment
  • simplifying our daily routines to save time for more interesting and enriching activities
  • preparing for a time when someone else may have to look after our affairs and possessions

Is It Time to Downsize? |Spruce Grove Stony Plain Parkland County Real Estate | Barry TwynamBefore you can downsize your home to a smaller place, you will probably need to downsize inside your home first, getting rid of many everyday objects found there.  This can be extraordinarily difficult.  The truth is that downsizing and de-cluttering often come with a huge pile of emotional baggage.  Making the decision to part with property and possessions you’ve used and loved for a long time, each item attached to memories, can be a wrenching experience.  Sometimes the sheer volume of physical and emotional “stuff” can be so overwhelming that it’s hard to even begin.

Most experts will tell you to start with a small space, like a closet or even a small room.  They suggest you remove everything from the area and sort items into several piles, with the ultimate goal being to throw away the trash, give away or sell things you no longer need or want but which still have some value, and keep only those items you really love and use.  Sounds sensible and simple enough, right?  Most of these experts will also provide you with all kinds of motivational prods to force you to get past your objections (“My grandmother made that old quilt!”  “I might have a use for that tool some day!”), along with questionnaires to help you decide what kind of hoarder you are and which pile something belongs in.

The fact is that none of this advice is going to be worth much until you are sure that you need or want to downsize in the first place.

A thought-provoking article published in the Montreal Gazette (“Boomers upsizing their downsizing plans”) suggests that maybe we shouldn’t be too hasty in automatically assuming that downsizing is for everybody.  Baby boomers once again are doing things a little differently from previous generations.  Some people when they reach a certain age are discovering that it actually makes sense to move into a bigger home, albeit one with a floor plan more geared to their current and future physical needs (for example, a bungalow with an open floor plan rather than a multi-level home), while others decide to keep the family home but renovate it to accommodate changing situations.  There are a number of reasons for this interesting trend:

  • Family dynamics have changed. Children are taking longer to leave the nest, or are returning to the family home after relationship break-ups and the like. There are also many people in late middle age who find themselves raising their grandchildren.
  • Work lives have changed. Some people realize they don’t want to retire in the way previous generations did. Instead they decide to modify their work so that more is done from home. This creates the need for a home work space.
  • Many older adults have the money to continue to enjoy the quality of life that comes from living in a larger private space. This might include making room in the home for hobbies, exercise, more entertaining, etc.
  • Keeping a house rather than moving to a condo or some other kind of communal living space may make good economic sense as equity in homes continues to rise.

So … to downsize or not?  Maybe our reluctance to part with possessions has less to do with procrastination and more to do with the need to make practical, realistic life choices.

If you’ve made the decision to downsize and you are interested in looking at smaller properties in the Spruce Grove, Stony Plain, Parkland County or Edmonton area, please contact me here, email me at barry@barryt.ca, or phone 780-910-9669. 

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Barry Twynam, Century 21 Leading
#1 14 McLeod Avenue, Spruce Grove, Alberta, T7X 3X3
Tel: 780-910-9669 Cell: 780-910-9669 Fax: 780-962-9699
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