The Art of Downsizing? The Pros and Cons of Moving to a Smaller Home

Downsizing is when you move into a home smaller than your current property. The reasons why people decide to downsize vary, from reducing expenses to no longer needing the extra space after your children have left home – there isn’t a one-size-fits-all approach. 

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But should you downsize? That is the all-important question, and a 2017 study found that a whopping 11 million people could downsize by 2027. In this article, we take a look at the pros and cons of downsizing and whether you should make the move to a smaller home. 

Why do people downsize? 

Traditionally, people downsized when they’ve reached retirement age, and their children had flown the nest. While retirement is still one of the primary reasons for moving to a smaller home, there are plenty of other grounds for reducing your square feet. 

Some people move because of the end of their relationship, which sees them go back to living the single life and living in a smaller bachelor or bachelorette pad. Others might want to move to a more expensive area and are willing to sacrifice the size of their home for a sought-after postcode. 

Whatever the reason for downsizing, there are a few things that you should weigh up before making the final decision…

The pros and cons of downsizing 


Looking after your home

Less space means that you don’t need to do as much to maintain your home. As a result, the time spent on day-to-day things like tidying around the house becomes significantly shorter than if you had to clean a three or four-bedroom home. 

Lower outgoings

Moving to a smaller home not only makes it easier to maintain; it’s also cheaper to run. Utilities such as water, electricity and gas will be significantly less expensive in a smaller property than they would a larger one. Paying less for your bills could save hundreds of pounds each year and increase your cash flow. 

Location, location, location

Maybe you’ve had your eye on a snazzy postcode but couldn’t afford to move into a property of the same size there. If that’s the case, downsizing means you can live in the area you’ve always dreamed about without having to pay the premium prices that come with larger homes. 

Less hassle

Less effort around the upkeep of your home, cheaper utility bills and a location you’ve always dreamed of paints downsizing in a positive light. These elements combined could even lower stress levels and help you benefit from a healthier, happier mindset. 


Not as much space

The obvious drawback to downsizing is the reduction of space – especially if you have spent the last few years collecting copious amounts of stuff in your home. Moving to a smaller property means that it might be time to arrange that car boot sale you keep talking about.

No room for guests or family

Once upon a time, having relatives or friends over to stay wasn’t an issue – that spare bedroom came in handy. If you downsize, however, there’s every chance that you might have to point overnight guests in the direction of the nearest hotel.  

Lifestyle change

Having a home with fewer square feet might take some getting used to as you realise that there  is less space to navigate. However, it could be the start of an exciting new chapter in your story once you’re fully acclimated to your new and cosy home, 

Downsizing with Mashroom

Whether you’re thinking of upsizing or downsizing, speak to one of our property experts about your next move. They can suggest a great mortgage based on local market trends and help you choose your new home with minimum stress. 

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Mashroom is an appointed representative of Adelphi Insurance Brokers Ltd. Adelphi Insurance Brokers Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Their Financial Services Register number is 594620, with permitted business activities being introducing, advising, arranging, dealing as agent, assisting in the administration and performance of general insurance contracts and credit broking in relation to insurance instalment facilities. You may check this on the Financial Services Register by visiting the FCA’s website, or by contacting the FCA on 0800 111 6768