CHRISTMAS OFFER Subscribe to Hertfordshire Life today CLICK HERE

Property: Making downsizing work

PUBLISHED: 11:47 07 April 2015 | UPDATED: 11:47 07 April 2015

Downsizing frees up over £100,000 on average

Downsizing frees up over £100,000 on average


A new study shows more of us are downsizing to save money for retirement or to reduce bills. Sue Snaith of estate agency Harrison Murray gives a guide to scaling down with success

According to new UK research by Lloyds Bank, an average of £121,686 is saved by homeowners in larger properties downsizing to a semi-detached home. Downsizing to a bungalow is the most common option for freeing up cash, with those moving from a detached house enjoying a £103,715 windfall. The report also found that more than half of homeowners (52 per cent) looking to move in the next three years are considering downsizing.

We know that people tend to accumulate everything from pieces of furniture to kitchen items and gardening equipment and so much more over the years.

However, when it comes to downsizing, a move to somewhere smaller ultimately means less space and fewer storage opportunities. Sorting out belongings before the move will ensure you take only what you need or have room for, while having a clear idea of the space in your new home will maximise its potential.

Top tips for effective downsizing

1. Plan your packing well in advance. Packing up a large home can be daunting. Think about where you will be unpacking items and which room your belongings will be placed in – using colour codes or labels will help with the unpacking at your new home.

2. Don’t take what you don’t need. Downsizing is your chance to have a thorough spring-clean and focus on exactly what you want in your new home and what you don’t. You may have furniture which is unsuitable or that won’t fit in your new property, so think ahead and make sure you have taken proper measurements of your new home so you don’t end up struggling on moving day with items you probably shouldn’t have brought with you. Selling your unwanted belongings will also bring in more funds, or you can hand them on to friends and family.

3. Set up your utilities as soon as possible. Check with your estate agent and obtain details of the previous utility providers so you can call them to set up new accounts. Also make sure your phone and broadband services are ordered prior to moving in as these often take a number of weeks to become active.

4. Maximise space. Your new home will have less room, so think carefully about the layout, and look at ways you can get the most out of the space available. You will then be able to tailor the rooms to suit your needs.


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other Hertfordshire visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Hertfordshire staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Hertfordshire account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Homes & Gardens

Tuesday, October 30, 2018

Listed for its architectural and historical importance, this mansion is for sale through Strutt and Parker

Read more
November 2018
Monday, October 8, 2018

A 16th century farmhouse gave a father and daughter the chance to both fulfil childhood dreams

Read more
October 2018
Wednesday, September 26, 2018

As we head into Autumn, the change in season is all around us. From the leaves on the trees turning burnt orange and fiery red, to dark mornings and nights bookending our days. As we put the clocks back an hour to battle the darkness, here’s some top tips on how you can keep your home warm and costs down this Autumn.

Read more
Tuesday, September 25, 2018

Nine bedroom Georgian country house for sale

Read more
September 2018
Wednesday, September 5, 2018

Ten years in the making, this remarkable home in the former orchard of St Albans Cathedral is as bespoke as a property can be. It had Grand Designs’ Kevin McCloud reeling

Read more
September 2018
Friday, August 31, 2018

Rural energy provider, Calor, gives some top tips for homeowners wanting to make their houses cosy and warm in time for the colder months.

Read more
Tuesday, August 7, 2018

How to tackle one of the most invasive plant species in the UK has resulted in innovative solutions, writes Charlotte Hussey of Herts and Middlesex Wildlife Trust

Read more
August 2018

Owned by the same family for generations on the historic Moor Place estate at Much Hadham, Yew Tree House and its current remarkable owner are full of stories

Read more
August 2018
Monday, July 30, 2018

Buy a raffle ticket and you could be the owner of your own manor house

Read more
August 2018

In an idyllic little world of its own, inspirational eco-home Thrift Cottage in Burnham Green shows that living with nature can come, well, naturally

Read more
July 2018

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Topics of Interest

Food and Drink Directory

Local Business Directory

Search For a Car In Your Area

Property Search