Downsizing: Where to Start

The biggest things to remember when making the move

For many people, downsizing is not just about moving to a smaller home. It is about making a fresh start, simplifying life, and focusing on what truly matters. Whether you are retiring, moving closer to family, or simply want less upkeep, downsizing can be an exciting chapter. It does come with big decisions, so here are the most important things to keep in mind.

Know Your Why

Before you start looking at smaller homes, be clear on your motivations. Is it about reducing maintenance, cutting costs, or enjoying a sea change? Knowing why you are downsizing helps shape what you will prioritise, whether that is location, lifestyle, or financial freedom.

Selling or Buying First

One of the most common questions downsizers face is whether to sell their current home first or buy their new one first.

• Selling first gives you certainty around your budget and avoids bridging finance, but you may feel pressure to find the right home quickly.

• Buying first ensures you secure the home you want and allows for a smoother move, but it usually requires stronger financial backing and a willingness to manage the risk of holding two properties.

The best option depends on your finances, your comfort with risk, and the current market. Speaking with both your agent and financial adviser early on can help you make the right call for your circumstances.

Start Early and Declutter

The biggest challenge most people face is what to do with years of accumulated belongings. Give yourself plenty of time to sort through items. Work room by room, setting aside what you will keep, donate, or pass on to family. Downsizing works best when you move with the things you love, not just the things you have always had.

Think About Lifestyle, Not Just Size

A smaller home does not mean you need to compromise. It is about aligning your home with the way you actually live now. Do you want a lock up and leave lifestyle? Space for grandchildren to visit? Access to walking trails, cafés, or the beach? Consider your day to day needs so your new home supports the lifestyle you are looking for.

Plan Financially

Downsizing often frees up equity, but it is important to understand the costs involved such as stamp duty, moving expenses, and possible renovations. Getting advice upfront can help you make the most of the transition and avoid surprises.

Storage and Sentimental Items

You may not be able to keep everything, but some items carry deep sentimental value. Decide whether it makes sense to invest in smart storage solutions, a smaller storage unit, or digitising photos and documents to preserve memories without clutter.

Seek the Right Support

Downsizing is not something you need to do alone. From professional declutterers to local agents who understand the market, having the right support can make the process smoother and far less overwhelming. At The Coast, we have guided many locals through this stage of life, helping them find the right home for their next chapter.

Final Word

Downsizing is less about losing space and more about gaining freedom. By planning carefully, prioritising lifestyle, and surrounding yourself with the right advice, the move can be both rewarding and liberating.

If you are considering downsizing, our team at The Coast is here to guide you every step of the way.

Andrew Wright Licensed Estate Agent andrew@thecoast.com.au 0481 310 010