Is it time to think about downsizing? For many of us, the idea of the kids setting off to college is hard to imagine after 18 years. They will be taking off on their own, leaving you with a lot of space and time on your hands. Lots of parents, when they find themselves in this situation, choose to begin the process of downsizing their home. This makes sense for a lot of reasons but is only feasible if you plan in advance.
What to do With Their “Stuff”
First and foremost, empty nesters are going to have to find a place to store their college kids’ belongings. No one will want to chuck all of those precious memories into the trash, but you can’t keep it all, especially if you want to downsize your home. That’s why a storage rental unit is such a great investment. This allows you to store your belongings away without having to clutter up your home. That way, if your child does decide that he or she needs that item that you tucked away, you will still have it. Also, college students who are away for the break can store their things in the unit and then get them out when they return during breaks.
Saving Money in the Long Run
If you are looking to seriously downsize, then once you move your kids’ things out of the house you can start looking for a smaller place for yourself. This is going to carry several advantages, but the main one is money. First and foremost, a smaller house will mean a smaller monthly mortgage payment. By downsizing into a small home, you can take home a smaller monthly payment, or you can pay the same amount you have already budgeted and pay off the loan and interest sooner, saving you even more money. Also, a smaller home will cost you less in utilities as it will just take less energy each month to heat or cool a small place.
What Does Downsizing Save You?
What else can downsizing save you? How about time. When you downsize your home and move things out to a storage unit, you are removing all of the clutter from your life. These are things you will never have to dust again. You will not have to tidy up after these items are moved because they won’t be there anymore. A smaller home will ultimately save you time that you are currently spending on larger cleaning and maintenance projects.
Change Your Scene
Another thing that downsizing will allow you to do is change your surroundings. If you have always lived in a new town or state, now you have more freedom to make that decision. By storing your kids’ belongings in an accessible storage unit, they can still have access while you have more physical and financial freedom.
College students see the move to college as a chance for new freedom and independence. But the same can be said for their parents who now have an opportunity to downsize their home and make exciting changes.