Smart Steps to Downsize Your Home: How to Plan, Prepare, and Thrive in a Smaller Space
Downsizing your home can be a major life decision, but it’s also one that offers significant rewards, financial flexibility, reduced maintenance, and a fresh start. Whether you’re approaching retirement, transitioning into a new chapter of life, or simply tired of managing more space than you need, downsizing provides an opportunity to streamline your surroundings and focus on what truly matters.
According to the National Association of Realtors, nearly 42% of baby boomers opt to downsize after retirement, citing financial reasons, health changes, and a desire for simpler living. However, the decision to move into a smaller space involves more than just selecting a new home; it requires thoughtful planning, emotional readiness, and strategic execution.
At The Gresham Group, we understand that downsizing is not just a transaction it’s a transformation. Below, we walk you through how to plan and prepare effectively for this major move.
1. Clarify Your Motivation
Before you start packing boxes, take time to clarify why you’re downsizing. Are you trying to cut costs? Reduce household maintenance? Move closer to family or healthcare? Your motivation will shape everything from your choice of location to the size of your next home.
Many homeowners find that downsizing allows for increased freedom and flexibility. In fact, 64% of retirees plan to move at least once during retirement, with 41% expecting their next home to be smaller, according to a Merrill Lynch and Age Wave report.
2. Declutter with Intention
Decluttering is the most time-consuming (and often emotional) part of downsizing. A good rule of thumb is to start early—at least three to six months before your intended move.
Use methods like the Four-Box System: Keep, Donate, Sell, and Discard. Prioritize items that are essential or hold strong sentimental value. Consider digitizing family photos and documents to preserve memories while saving space.
Key tip: tackle one room at a time to avoid burnout. The process is about making space for what’s next.
3. Assess Your Future Needs
Smaller doesn’t mean less functional. When choosing your next home, think about accessibility, layout, and proximity to amenities. Will you need a home office? Single-level living? Easy access to healthcare or public transportation?
Use floor plans or even digital planning tools to map out how your furniture and possessions will fit in the new space. This avoids last-minute surprises and ensures you’re only taking what truly fits your future.
4. Understand the Market
Partnering with a knowledgeable real estate team is critical. Downsizing often means selling your current home and purchasing or renting a new one, possibly in a different area or housing market.
Work with your agent to understand:
- Timing the sale of your home for maximum value
- Availability of smaller properties or senior-friendly communities
- Closing costs, moving expenses, and financing options
5. Make a Smooth Move
Once the big decisions are made, it’s time to plan the actual move. Here are a few essential steps:
- Hire professional movers, especially for larger items.
- Label all boxes clearly and pack with unpacking in mind.
- Organize documents, prescriptions, and important items for easy access.
Prepare mentally, too: moving out of a longtime home can stir emotions. Give yourself permission to reflect and be patient through the process.
Knowing when to downsize is going to look different for most folks. It may be a discussion with the family preparing the kids and grandkids for change.
Julie Shiplet
When maintenance feels overwhelming or your health and/or mobility needs change, it's time to start planning to downsize for convenience.
Amanda McIntyre
It is time to downsize when all your kids are moving out to go to college. Just had this happen. Seller was so grateful for this next chapter, they cried at closing!!
Paul Gessler
6. Adjust to the New Lifestyle
Downsizing is ultimately about aligning your lifestyle with your current and future needs. Embrace the benefits—less cleaning, lower costs, and more time to do what you love. Many who downsize report improved mental clarity and increased time for hobbies, travel, and personal growth.
In fact, a 2022 study by Zillow found that over 70% of downsizers reported less financial stress and greater satisfaction with their day-to-day lives after the move.
According to Ramsey Solutions, moving into a smaller, less expensive home helps reduce stress, makes life simpler, and helps make huge progress with your financial goals.
Remember, downsizing is about creating a home that works better for your life today. With the right preparation, it can be a powerful and positive step forward. At The Gresham Group, we specialize in guiding clients through this process, from selling your current home to finding a new one that fits your evolving lifestyle.
If you’re considering downsizing, now is the time to start planning. With expert advice and thoughtful support, your next move could be your best yet.
