How to Downsize Your Home in 6 Steps | Travelers Insurance (2024)

How to Downsize Your Home in 6 Steps | Travelers Insurance (1)

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How to Downsize Your Home in 6 Steps | Travelers Insurance (2)

Moving is stressful on its own, but when you’re alsoparing down your possessionsand potentially changing climates to boot, it takes on some new challenges. Not to worry, the process of downsizing your home can leave you leaner and reinvigorated for your next adventure. So, let’s get started.

1. Take stock of what you own.Making adetailed inventoryis useful— and eye-opening. Three waffle irons? Probably not necessary to keep them all. The inventory will help you identify what is outdated, duplicated or no longer needed. Include the condition and market value of each item. This list can help you get an estimate for the cost of your move and also serve as a packing list.

2. Measure twice, move once.Knowing the dimensions and the floor plan of your new home will help you decide what makes sense to move. Take precise measurements of the new space and then measure your furniture and other bulky items. That way you can rule out items that won’t fit or, just as importantly, won’t flow in the layout of your new space. Remember that it’s a lot easier to part with items now instead of paying to move them and then realizing they don’t fit.

3. Consider your new lifestyle.Moving from a house with a backyard to somewhere more urban, or to a condo complex that takes care of your yard for you? You might not need the garden tools and other outdoor supplies. If you are heading somewhere warmer, you can leave behind the winter gear and clothing. If there are items you may use only rarely in your new abode, consider leaving them behind.

4. Weigh the cost. Another factor in deciding what to downsize: the condition and quality of the items. Worn-out sofas and heavy particle board furniture are good candidates to sell, donate or discard. It may be more cost-effective to part with your bulkier items and replace them, if needed, after you move. This will leave more room for the valuable and antique items that you definitely want to bring with you.

5. Get organized. If you haven’t already done so,declutter your house. You’ll need a plan for what to do with the items you decide to leave behind. Clearly mark items headed for the following categories:

  • Trash/recycle.Some things are clearly destined for the trash or recycle pile, including old toiletries, broken appliances and other items not fit to be donated. Renting a dumpster can help you quickly sort through and eliminate these items.
  • Sale.Furniture, appliances and other household goods you no longer need but are in good condition can get a second life and earn you some extra money if you choose to sell them.
  • Donate or give away.Donate items to a nonprofit or pass along to neighbors, family or friends. Some nonprofits will come to your house to pick up furniture in good condition.

6. Pack.Items that are coming with you should be carefully packed with other similar items and labeled. You can expand on yourinventory, adding the specific box number where you packed each item.

7. Start early.This process takes longer than you think. Allow two to three months or more to pare down, sell furniture and other items, and to arrange for family and friends to pick them up. Be prepared to look at the “pack” pile and decide it’s still too large, and give yourself time to cull things down further. It’s likely taken years to acquire all of your possessions, so it can take several months to sort through them all.

Downsizing your home is full of decisions, but it’s easier to make those choices when you aren’t rushed. That way, you can evaluate each item and decide if you still find it useful, valuable and in keeping with how you will live in your new home.

Selling your home is a good time to review your homeowners coverage. Learn more about Travelershomeowners insurance.

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FAQs

What is the checklist for downsizing your home? ›

Downsizing checklist
  • Step one: Find a new home and put your home on the market. ...
  • Step two: Organize your items. ...
  • Step three: Make a floor plan. ...
  • Step four: Hire movers. ...
  • Step five: Take care of utilities. ...
  • Step six: Update your accounts. ...
  • Step seven: Pack up your belongings. ...
  • Step eight: Move and unpack.
Oct 13, 2023

How do you drastically downsize? ›

7 Most Effective Downsizing and Decluttering Tips
  1. Take Inventory of Your Belongings. ...
  2. Sort Through Items Room-by-Room and Minimize Duplicates. ...
  3. Create a Plan to Get Rid of Unwanted Items. ...
  4. Go Digital When Possible. ...
  5. Make the Most of Your Storage Spaces. ...
  6. Measure Furniture and Wait to Buy New Things. ...
  7. Give Yourself Plenty of Time.
Mar 27, 2024

What should I get rid of first when downsizing? ›

A simple idea for downsizing your home is to eliminate duplicate items. Get rid of excess dishes, wall art, baskets and bins, and other unnecessary multiples to focus on the items that you really need. Because you'll have less space, choose your favorites and donate, sell, or trash the rest.

How to downsize your home quickly? ›

How To Downsize Your Home
  1. Start As Early As You Can. ...
  2. Take A Full Inventory. ...
  3. Determine Your Essentials. ...
  4. Consider Your Sentimental Items. ...
  5. Take It One Room At A Time. ...
  6. Get Rid Of Duplicates. ...
  7. Digitize When Possible. ...
  8. Measure Your Furniture.
Dec 13, 2023

What not to do when downsizing? ›

9 Common Downsizing Mistakes and How to Avoid Them
  1. Downsizing when you don't have to (yet). ...
  2. Downsizing without a master plan. ...
  3. Failing to consider your lifestyle. ...
  4. Putting it off. ...
  5. Throwing it all away. ...
  6. Giving in to help that isn't helpful. ...
  7. Working on the whole house at one time. ...
  8. Only seeing the loss instead of the gain.
Jan 8, 2020

How do you start the downsizing process? ›

How to downsize your current home
  1. Start now. ...
  2. Learn how to declutter. ...
  3. Take an inventory of what you have. ...
  4. Have a plan for getting rid of things. ...
  5. Sell your extra furniture. ...
  6. Pick your storage options. ...
  7. Take your time.
Oct 31, 2022

At what age do most people downsize their home? ›

This question has no definitive answer, as it depends on individual circ*mstances and lifestyle. However, research suggests that many people contemplate downsizing as they approach retirement, typically around their late 50s to early 60s. A Zillow report found that on average, most people who downsize are 55 years old.

What is the downsizing process? ›

Downsizing is the permanent reduction of a company's labor force through the elimination of unproductive workers or divisions. Downsizing is a common organizational practice, usually associated with economic downturns and failing businesses.

How do you downsize when overwhelmed? ›

5 Tips for Downsizing and Moving without Feeling Overwhelmed
  1. Be Honest and Clear.
  2. Have a Plan.
  3. Ask for Help.
  4. Rest and Don't Overdo It.
  5. Take Time to Have Fun.

What are the three downsizing strategies? ›

There are generally three types of downsizing strategies: workforce reduction, work redesign, and systematic strategy.

Where do I start when downsizing? ›

How to declutter and prepare for downsizing
  1. Take it one room at a time. ...
  2. Start small, then go big. ...
  3. Split things into separate 'keep' and 'go' piles. ...
  4. If you have children, ask them to sort through their things themselves. ...
  5. Reduce the number of items that come in sets. ...
  6. Be practical about storage space.
Jul 23, 2023

What to do with extra furniture when downsizing? ›

If you're donating furniture, Habitat for Humanity is a great first stop. Many of their Habitat ReStores offer free pickup of larger items, keeping it hassle-free for you. The same is true of the Salvation Army — you can schedule a pickup if it's available in your area.

How to downsize without feeling guilty? ›

You are also holding onto things that you will never use someday. Those things are taking up space in your home that can be used for things you DO use and love. To get past this objection and feeling of guilt, you need to visualize what you want your life to look like without the clutter and how it would make you feel.

How seniors can downsize? ›

Before downsizing, create a list of all your belongings and determine what you are willing to part with. As a result, you can prioritize your belongings and make the process easier for yourself. In addition to prioritizing your belongings, it's essential to think about the move.

Is house downsizing worth it? ›

You may be at the stage in life where your kids are out of the house—or perhaps you're just looking for a change—and want to downsize your home. There's no question that downsizing can have many financial advantages. A smaller house can mean less upkeep, lower monthly expenses—and maybe even potential cash from a sale.

What should I consider before downsizing? ›

When downsizing, be sure to identify which amenities are important to you–especially if you're moving into an apartment, condo, or private community. For example, your current home may have a big backyard or garden. If outdoor space is important to you, make sure your new home has something comparable.

What should I keep when downsizing? ›

13 Things to Never, Ever Throw Out When You're Downsizing
  • Important Papers. ...
  • Family Heirlooms. ...
  • Electronics. ...
  • Landline Phones. ...
  • Photographs. ...
  • Collections. ...
  • Fine Jewelry in the Original Box. ...
  • Sentimental Items.
Nov 14, 2017

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