Downsizing (property)
Downsizing refers to process of moving to a property of smaller size or lesser value.[1]
Reasons to downsize[]
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There are multiple reasons why a choice may be made to downsize.[2]
Difficulties with downsizing[]
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Many people downsizing from a larger property to a smaller one will find their current possessions, appliances and furnishings will be unable to fit in the new smaller home.[3] Some people will find it especially difficult to accept the need to dispose of possessions, and this will cause some considerable anxiety.[4] Following a disposal methodology can be a useful approach if the task seems impossible: One approach is to determine what furniture, displayed items and commonly used items are suitable for and will fit in the new home: remaining belongings will need to be sorted into what is to be kept and what is to be disposed of.[5]
Disposal strategies[]
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After the basic fundamental items that will move to the new home have been determined there will remain a set whose fate will need to be decided.[6]
See also[]
- Home equity loan
- Property ladder
- Move-up home
References[]
Footnotes[]
- ^ Post Office 2021.
- ^ Reader's Digest 2021.
- ^ Ward 2008, pp. xiv–xv.
- ^ Ward 2008, p. xv.
- ^ Jameson 2015, pp. 12–13, 15.
- ^ Jameson 2015, pp. 36–37.
Sources[]
- Reader's Digest (2021). "10 reasons to downsize your house". Retrieved 25 October 2021.
- Jameson, Marni (2015). Downsizing the Family Home : What to Save, What to Let Go (1 ed.). New York: Sterling. ISBN 9781454916338. OCLC 935530916. OL 27207070M.
- Post Office (2021). "A Guide to Downsizing your property". Retrieved 25 October 2021.
- Ward, Lauri. Downsizing Your Home with Style : living well in a smaller space. New York: Harper Collins. ISBN 9780061170980. OCLC 191930906. OL 18003551M.
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