Living Small - The Concept

26 Feb Living Small: The Concept

Living Small: The Concept

Over the last 12 months, we have focused our “Living Small” articles on ideas that owners and occupants can use to make the most of their small spaces including decorating, bringing the “outdoors” in, how to give the illusion of bigger spaces etc. This month, however, I thought it would be interesting to delve into the reason more and more people are downsizing to apartment living and selling their family homes.

There are many articles out there that set out both the advantages and disadvantages of “living small”, but for this article – lets look at the advantages.

1.Saving Money

An article by Ronique Gibson noted – “Let’s face it, the more space you have, the more area you feel like you need to fill”.

Not only would you reduce the amount of furniture that you would need for an apartment compared to a larger home, but likely your mortgage may be less and you may even find that your electricity usage is less than if you were in a stand-alone house.

2.Fewer Maintenance Responsibilities

Often (in most cases) when downsizing into an apartment, the common property gardens and outside of the complex is maintained by the Body Corporate and while you may have an area of your own garden, or exclusive use area that you need to maintain, this will often be much less than if you were living in your own stand alone house. This frees up more of your time to spend with family and friends and more time for travel, if that’s what you would like to do more of.

3.Being close to the City / Night Life

Downsizing can open up more possibilities of living in a more desired location, such as the inner cities, or closer to family / friends or the restaurants and night life that you enjoy – whereas living in a stand-alone house meant you were further out of the city and needed to travel more to meet with friends and enjoy a night out on the town.

An article written by Charis Chang from news.com.au explored why people were choosing to live in smaller spaces – the 3 points above were also raised in this article.

https://www.news.com.au/finance/real-estate/why-people-are-choosing-to-live-in-smaller-spaces-and-are-happier-for-it/news-story/e682095ed7344a47f0d372d183663471

Of course there will be disadvantages with downsizing – in particular, the reduction in the amount of storage space but it is important to stay clear on why you are looking at downsizing and with the help of our numerous “Living Small” articles you will be making the most of your smaller space in no time at all.

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