Thinking Of Downsizing? Simple Steps To Make It Easier
If you're starting to think about downsizing, you're not alone.
Whether it's the kids leaving home, the garden becoming too much, or simply a desire for a simpler lifestyle, downsizing is one of the most common conversations we have with homeowners.
But just because it’s common, doesn’t mean it’s easy.
There are emotions involved, practical challenges, and a fair amount of planning required.
This guide will walk you through the key steps to make the process feel clear, calm, and completely manageable.
1. Decide What Matters Most Going Forward
This is your chance to get intentional about how you want to live.
Ask yourself:
Do I want to be closer to family or friends?
Is walking distance to shops or a café important?
Do I want a home that’s low maintenance and easy to lock up and leave?
It’s not just about losing square footage – it’s about gaining the lifestyle you want next.
2. Start the Declutter Early (and Gently)
If you’ve been in your current home for a while, there’s probably a fair bit of “stuff.” That’s normal. The key is not to leave the sorting until you’ve already found your next place.
Start with:
One room at a time
Things you haven’t used in a year
Items you could donate, pass on, or digitise
Downsizing doesn’t mean getting rid of everything. It just means keeping what adds value, comfort, or joy.
3. Think Future-Friendly When Viewing New Homes
If this is going to be your long-term base, it’s worth thinking ahead. That doesn’t mean compromising on style – it just means considering practical features like:
Fewer stairs
Walk-in showers or ground-floor bathrooms
Good lighting
Nearby transport, parks, or shops
Even if you’re fit and healthy now, choosing a home that will still suit you in 10–15 years can save you another move down the line.
4. Plan the Financial Side in Advance
Downsizing often releases equity – which can be a huge advantage if you want to travel, help your children, or simply reduce monthly outgoings.
That said, not all smaller homes are cheaper. If you’re moving into a newer build or a more central area, the price may be comparable.
Speak to an advisor to:
Understand your borrowing capacity (if any)
Get a rough estimate of sale price and fees
Explore how best to use any money left over
Some downsizers become cash buyers, others use the move to reduce mortgage size – it’s your call.
Why Downsizing Is a Positive Move
Most of the people we work with don’t see downsizing as a step back. They see it as a fresh start.
Less stress. More flexibility. Lower bills.
And a home that suits this new chapter – not the old one.
It’s not about age – it’s about making your space fit your life.
FAQ
Q: Should I sell first or buy first when downsizing?
If you're relying on equity from your current home, it’s often better to sell first or at least get under offer. That way, you're in a stronger position when negotiating on your next purchase.
Q: What if I have emotional attachments to my home?
That’s completely normal. Downsizing doesn't mean forgetting – it means taking the memories with you and starting something new.
Q: Do I have to move into a flat or retirement property?
Not at all. Bungalows, smaller houses, or newer low-maintenance homes are all options.