The concept of downsizing isn’t new, older people have being doing it for years when they reach a stage where they are unable to manage a large property. Increasingly it isn’t just old people who downsize with younger people also downsizing to reduce work, bills and free up cash.
In a housing market where demand is high, it is easier to sell a large property these days and this makes downsizing a compelling alternative for people who live in houses with high running costs, and too much space to heat and maintain.
While there are plenty of advantages to downsizing there are also some drawbacks. The first is getting used to living in a smaller property. This isn’t easy when you have grown used to having lots of space.
Naturally you will also have less room to store all the items you have accumulated over the years. Many of these items can be valuable so it isn’t always possible to simply give them away or sell them for a knockdown price on eBay or Gumtree.
So the best solution is to store those items you value but don’t need often in secure self-storage. Long term storage can be surprisingly affordable and it means you won’t have to part company with things you might need later on.