Please note - Due to the holiday season, builders and developers may be slower than usual in responding to any queries Close

Thinking of downsizing?

Downsizing can sound like a diminutive task, especially as it conjures up ideas of transitioning from more to less as people progress to new lifestyles. Going from big to small sounds like an easier transition than its counterpart. Often, downsizers know exactly the type of dwelling they need and correctly elect to build new. Sometimes the suburb of relocation doesn’t have any sale homes that match their required custom floorplan and building becomes a logical choice. Other times, downsizers must weigh up a plethora of things in order to make the move as rewarding as possible.

Here are some ideas to consider when making the transition.

Arguably, the first thing to consider is a crucial question: The ‘why’ of downsizing. Typically, downsizers must choose a smaller dwelling due to issues that include maintenance ie kids move out of the large family house which becomes too high maintenance for an aging couple. Or, it’s often the case that a smaller mortgage (or no mortgage and reduced utility bills and stamp-duty) becomes a more feasible and a viable reason to downsize. Other reasons include moving from suburban to urban areas due to proximity to work or moving from a large inner-ring house to a coastal lifestyle community more catered to retirees. Whatever it is, the first thing is to know exactly the reason or main set of reasons, and then access what sort of area and type of dwelling will suit one’s needs.

Once you know what you’re looking for, be it a move to the city or a quaint country town, you’ll need to consider what you already own, what you can let go of (think big items first) and how your new floorplan will fit this picture. From here, there are specific things to consider, primarily the issue of space relative to the amount of stuff you own such as furniture.

Storage is a key element to consider, and many downsizers underestimate the number of bedrooms they’ll need and how many square metres will be required to accommodate their personal belongings.  Taking prior measurements is a key step in a successful downsize, and if the math doesn’t add up and more storage space can’t be bought or created, it’s often the case a downsizer will need sell some old items online or in an old-fashioned garage sale.

Geographical issues to consider include proximity to existing social networks and social amenities underpinned by strong community values. It’s also worth considering socio-spatial issues if you’re moving from a house to an apartment, you might suddenly find yourself with slightly less privacy. Moving day can also present challenges for a retired, downsizing couple as they could be less nimble to go about moving their furniture themselves and will have to plan well ahead and have the right people on hand. In this sense, many downsizers choose single level properties due to their ease of access.

A dwelling not surrounded by noisy community amenities is also something many downsizers seem to favour. With a bit of forward planning, the great thing about downsizing is most downsizers know quite accurately the type of dwelling they need and can usually afford it by selling the larger house.  

Considering building new as part of downsizing?  iBuildNew has expert advisers to help assist you in the decision-making process and guide you to the builders who can make a smaller, home work for you! Get in touch on 1800 184 284 or book a call with our team!

Mark Bunker

Mark Bunker has an honours degree in Communications, Film & TV. Alongside a background in journalism, his interests include script writing and photography.


iBuildNew is the market leading aggregator dedicated to residential home construction and land development. As an independent platform, iBuildNew helps Australians identify and compare new home designs, house and land packages and land estates. It’s the smart way home buyers, who are considering a new build, can find the ideal options to match their individual needs. Home building is a big decision, we make sure you get it right.

You may also like

Mar 27, 2018

Understanding Property Management Fees and Services

Property management fees can be difficult to comprehend at first. There are so many dif...
Read More
Nov 22, 2017

Why Should You Speak to a Mortgage Broker

Looking for a lender can be incredibly difficult, time-consuming, and confusing. That i...
Read More
Aug 18, 2016

Strategies to Take You From Renting to Building

Getting into your first home can seem like an uphill battle – or an impossible dream. B...
Read More
Aug 04, 2017

10 Wise Ways to Pay Off Your Mortgage Earlier

Owning your own home is an exciting time of your life. With all the possibilities and l...
Read More
Mar 29, 2019

Mistakes made by first home buyers and how to avoid ...

Buying your first home is an exciting experience, but it comes with making many big dec...
Read More
Feb 21, 2019

Stay and Renovate or Sell and Upgrade?

Finding what's best for you comes down to knowing how to act on a few key financial and...
Read More
Aug 01, 2019

Cost Saving Tips When Building A New Home

When starting your exciting journey to building a new home, constantly adhering to your...
Read More
May 08, 2017

Housing Affordability: What Australian First Home Bu...

Here at iBuildNew we are constantly reviewing and researching the best ways to help Aus...
Read More
Aug 30, 2017

Can the Super Saver Scheme Help Get You in to Your N...

The issue of housing affordability does not seem to be fading for many first time buyer...
Read More
Oct 27, 2019

When Is The Right Time To Buy Or Sell Your Home?

When entering into the real estate market, it is all about getting the correct timing f...
Read More
Oct 05, 2020

Government Extends First Home Loan Deposit Scheme By...

This article will be updated as new information is released. On the 3rd of October, the...
Read More
Jun 28, 2017

About the First Home Super Saver Scheme

It seems the topic of housing affordability is still not waning, especially for first h...
Read More
Jan 28, 2016

Finance Your New Home – How To Guide

Buying a house is probably the biggest financial decision you're going to make, so it's...
Read More
Jun 24, 2019

Different Types Of Home Loans And Choosing The Right...

Securing a home loan isn’t really the daunting task it’s made out to be. While a strong...
Read More
Sep 21, 2016

New Home Finance: How To Choose a Mortgage Broker

There are so many options available when it comes to choosing home loans and mortgage l...
Read More
May 15, 2019

The Up’s and Down’s of Downsizing

Whether it be as you near retirement or as you seek a simpler, less expensive way of li...
Read More
Aug 03, 2017

Be Smart, Avoid Home Improvement Fails

When searching for ideas for a home renovation, you can get millions of results on the ...
Read More
Jul 09, 2019

5 Hidden Costs That Shock First-Time Homebuyers 

It’s no secret that buying a home is a huge financial investment. In fact, it’s usually...
Read More
Oct 31, 2018

Are We Moving Towards a Buyer’s Market?

With falling markets in Sydney and Melbourne and analysts such as Louis Christopher fro...
Read More
Jul 28, 2017

First Home Buyer? Research These Crucial Decisions

Created by Step One Homes Building your first home is an exciting time. If it’s your fi...
Read More
Jul 24, 2019

Smart Wealth Building with Home Equity 

While homeownership may seem to come hand-in-hand with a mountain of debt, establishing...
Read More
Mar 21, 2017

Home Builders Base Rates Explained

Planning your home’s design is a task that should not be taken lightly. The same goes f...
Read More
Jan 25, 2019

How Could You Improve Your Home?

Home renovation is a call to action most people tend to neglect after a certain stage o...
Read More
May 06, 2020

Can I Still Sell My Home During the COVID-19 Pandemic?

With the current condition that the world is in, it is difficult to determine what is o...
Read More

Get more from

Browse New Home Designs