Downsizing is a term we hear thrown around a lot, but what actually does it refer to, and why all the fuss?

WHO is included in “downsizing”?

While downsizers can loosely refer to anyone sizing their living accommodation to a smaller dwelling, the term usually refers more specifically to those who are:

• Aged 55+
• Working or retired
• Empty nester whose children have moved out of the family home
• Now living alone for other reasons

WHAT does downsizing mean?

Downsizing usually refers to those that are moving from the family home to a more suitably appropriate accommodation; either in terms of size, lifestyle or location.

WHY is downsizing so popular?

It might be surprising just how many benefits people find they can enjoy after downsizing their home.

• Less maintenance, freeing up time
• Free up capital to fund an improved lifestyle
• Moving closer to family or friends
• Health reasons
• A change in lifestyle
• Setting up for the future

For tips on downsizing, check out our post and video from the highly sought-after downsizing guru, Rachel Lane below.