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Should You Downsize Your Eastpointe Rental Home?

Questions Marks Hovering Above a Wooden Block in the Shape of a HouseAs a renter, your Eastpointe rental home must be a good match for your needs and lifestyle. If your situation has changed recently, you may be asking whether you should downsize to a smaller rental house. Extra bedrooms and lots of space could be the right decision for some, but on the flip side, more space only suggests 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.” So before selecting whether the time is appropriate to downsize your rental, let’s look at several things you should think about.

Finances

In several places, larger rental homes cost a lot more. They are as well more financially wasteful to maintain and tend to have higher utility bills. This is one of the major causes people embark to think about downsizing, to save money. If your financial situation has changed, it may probably be excellent to downsize your rental home. Even though you can afford a large rental, you may want to spend that extra money on other things, such as a new hobby, travel, or investing.

Personal Belongings

If you’re thinking of downsizing, it’s vital first to take into consideration how many personal belongings you have and what you plan to do with them. If you have plenty of 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 swiftly. Assess whether or not the storage unit is climate controlled due to the fact that heat, cold, and dust can all ravage your treasured possessions. If you can, try your best to downsize your belongings first before moving to a smaller rental home.

Accessibility

Being able to move about your rental home comfortably is a major part of finding the right fit. If your current rental has stairs or other characteristics that make access difficult, it may be time to go into downsizing to a single-story rental home. Smaller homes are equally less difficult to clean and maintain, alleviating the trouble on anyone looking to spend less time on household tasks and more time on other recreational activities.

Amenities

If you’ve been hoping to move closer to a cultural center, the local nightlife, or other amenities, that may perhaps be sufficient of a rationale to consider downsizing. Rental homes near first-class amenities are frequently more costly, but if you downsize, you may be able to actually find something you can afford that still endows convenient proximity to the places and events you love.

Plans for the Future

Maybe you’re assessing downsizing considering that your life has changed, and, probably, so have some of your priorities. If the kids are grown and gone, and retirement is near, you may have big plans pertaining to spending your new free time somewhere other than at home. Maybe, the time is right to downsize to a smaller rental, freeing you furthermore to get out and do all those things you’ve been dreaming about for so long.

 

After heedful consideration, you are the only person who can decide if the time is right to downsize your rental. But certainly, if you’re all set, go ahead and give Real Property Management Metro Detroit a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d truly 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.