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Should You Downsize Your Midwest City Rental Home?

Questions Marks Hovering Above a Wooden Block in the Shape of a HouseAs a renter, your Midwest City rental home must be a good fit for your needs and lifestyle. If your current situation is different from a few months ago, you might be thinking if you should downsize to a smaller rental house. For some people, the extra bedrooms and space may be a perk, but this can also mean more work to some– more to clean and maintain. As one popular saying puts it, “More isn’t always better. Sometimes it’s just more.” Before finalizing your decision to downsize your rental, here are some things you should consider.

Finances

In most places, larger rental homes cost more. Larger homes are also more expensive to maintain and tend to have higher utility bills. One of the reasons why people think of downsizing is to save money. If your financial situation has changed, it may be best to downsize your rental home. While you may afford a large rental, there might be other things you could spend that extra money on, like a new hobby, travel, or investing.

Personal Belongings

For those who are thinking of downsizing, it is important to first consider how many personal belongings you have and what you plan to do with them. If you have a lot of furniture, heirlooms, collectibles, or other items, these may not fit in a smaller rental. Placing these things in a storage unit would mean you will incur monthly rental fees that could add up quickly. Consider whether or not the storage unit is climate controlled because heat, cold, and dust can all wreak havoc on your prized possessions. It is a good idea to start by downsizing your belongings first before moving to a smaller rental home.

Accessibility

A big part of finding the right fit is being able to move around your rental home comfortably. Downsizing to a single-story rental home is a good option for those whose current rental has stairs or features that make access difficult. Smaller homes are easier to clean and maintain, meaning you could be spending less time on household tasks and more time on other activities.

Amenities

If you like living near cultural centers, the local nightlife, or other amenities, it might be a good idea to downsize. Rental homes near top-notch amenities are usually more expensive, but if you downsize, you may be able to find something within your budget that is conveniently near the places and events you love.

Plans for the Future

Maybe you are thinking about downsizing because of a change in priorities. Maybe your kids are now grown and gone, and you are about to retire and plan to spend your new free time someplace else rather than at home. You might be thinking it is time to downsize to a smaller rental to give yourself more freedom to do those things you’ve been dreaming of doing.

Ultimately, the only person who can decide if it is the right time to downsize your rental is you. But if you’re ready, go ahead and give Real Property Management Elevate a call. We have rental homes designed to support a wide range of life stages and lifestyles. We’d love to help you find the rental home that is perfect for you! You can view our listings online.

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