As a Manhattan Beach renter, your rental home should fit your needs and lifestyle. Changes in your situation could also be one reason why you might want to downsize to a smaller rental house. For some people, the extra bedrooms and space may be a perk, but this can also mean more work to some– more to clean and maintain. As one popular saying puts it, “More isn’t always better. Sometimes it’s just more.” Before deciding to downsize your rental, you should consider the following items.
Finances
In most places, larger rental homes cost more. Larger homes are also more expensive to maintain and tend to have higher utility bills. One of the reasons why people think of downsizing is to save money. If your financial situation has changed, it may be best to downsize your rental home. While you may afford a large rental, there might be other things you could spend that extra money on, like a new hobby, travel, or investing.
Personal Belongings
As you are thinking of downsizing, consider how many personal belongings you have and what are your plans for them. A smaller rental may not be able to accommodate all your furniture, heirlooms, and collectibles. Keeping your things in a storage unit is also an option, however, the monthly rental fees could add up quickly. Consider whether or not the storage unit is climate controlled because heat, cold, and dust can all wreak havoc on your prized possessions. As much as possible, downsize your belongings first before getting a smaller rental home.
Accessibility
A big part of finding the right fit is being able to move around your rental home comfortably. Downsizing to a single-story rental home is a good option for those whose current rental has stairs or features that make access difficult. Smaller homes often mean spending less time on household tasks as well. Since they are easier to clean and maintain, you can spend more time on other activities.
Amenities
If you want to be in closer proximity to cultural centers, local nightlife, or other amenities, you must also want to think about downsizing. Rental homes near top-notch amenities are often more expensive, but if you downsize, you may be able to find something you can afford that still offers convenient proximity to the places and events you love.
Plans for the Future
You might be thinking of downsizing because your life– and priorities– have changed. Your kids might have grown and flown, and you are thinking about retirement plans or about spending time somewhere other than at home. This might be the right time to downsize to a smaller rental, giving yourself more freedom to do the things you have always wanted to do.
Eventually, you are the only person who can determine if it is really time to downsize your rental. But if you’re ready, go ahead and give Real Property Management California Coast a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d 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.
