Downsizing: How to Get There

Reader Contribution by Bruce Mcelmurray
Published on May 22, 2011
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I have read several excellent  articles about folks who are  living in a downsized home.  But how do you get to the point of downsizing?  Do you just wake up one morning and decide that you want to downsize from 1,800 square feet to 450 square feet?  What I haven’t found much written about is what goes into making this decision. We spent months/years in planning and evaluating our future needs and then devising a home that would suit our needs. We changed our plans frequently but the end product made all the advance preparation time a good investment.  

A long time ago (40 years, about the time Mother was conceived) I read somewhere that to maintain a formal dining room in a house it would cost the owner $1,700 per year in heat, cooling, maintenance, initial construction and furnishings costs. Those prices were 40 years ago and today it could be expected that figure would be much higher. In our particular area we see people building vacation homes on the two + bath, three + bedroom concept up to 5000 sf when it is only the two of them.  If you want a larger home and can afford to maintain it that is certainly up to you.  We chose not to have a monster home and find our decision to downsize works well for us and makes perfect sense considering our lifestyle for the following reasons:

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