Downsizing: Where to Begin
Making the Move with Confidence Downsizing is about more than moving into a smaller property—it’s a chance to simplify life, embrace new opportunities, and focus on what matters most.
Whether you’re preparing for retirement, moving closer to loved ones, or simply looking to reduce upkeep, it’s an exciting new chapter. To make the transition smoother, here are the key things to keep in mind.
Know Your Motivation
Before you start searching, be clear on why you’re downsizing. Is it to lower maintenance, free up cash, or enjoy a lifestyle change? Understanding your goals will guide your decisions, whether that’s prioritising location, convenience, or financial flexibility.
Sell First or Buy First?
This is one of the biggest questions downsizers face:
- Selling first gives you a clear budget and avoids the need for bridging finance, but it can mean pressure to secure your next home quickly.
- Buying first ensures you lock in the home you want and allows for a smoother move, but it requires financial readiness to potentially carry two properties for a time.
The right choice depends on your personal circumstances, finances, and the property market. Speaking with your agent and financial adviser early on can help you decide with confidence.
Start Decluttering Early
One of the most challenging aspects of downsizing is sorting through a lifetime of belongings. Begin well in advance, working room by room and deciding what to keep, gift, donate, or let go. Moving becomes easier—and more enjoyable—when you take only the items that truly add value to your life.
Prioritise Lifestyle, Not Just Size
A smaller home doesn’t have to mean compromise. Think about how you want to live now. Do you prefer a lock-and-leave setup for travel? Space for family visits? Easy access to parks, cafés, or the beach? Choose a home that supports the lifestyle you want for the years ahead.
Plan Your Finances
While downsizing can release equity, there are costs to factor in—stamp duty, moving fees, and any upgrades to your new home. Understanding these upfront ensures there are no surprises and helps you make the most of your move.
Sentimental Items & Storage
Not everything will fit in your new space, but some belongings hold great personal meaning. Consider clever storage solutions, a small storage unit, or digitising photos and documents so you can keep memories without the clutter.
Don’t Go It Alone
You don’t have to navigate downsizing by yourself. Professional organisers, financial advisers, and experienced local agents can make the process far less daunting. At The Coast, we’ve supported many locals through this transition, helping them find homes that feel just right for the next stage of life.
Final Thought
Downsizing isn’t about giving up—it’s about gaining freedom, flexibility, and a lifestyle that truly fits. With good planning, the right advice, and a clear vision of what you want, this move can be one of the most rewarding changes you’ll ever make.
If you’re considering downsizing, the Barry Plant Rowville-Lysterfield team is here to support you every step of the way.