Most people think of downsizing as something you do when you hit retirement – but who says you have to wait that long?

Downsizing isn’t reserved only for the end of your working life – it can be a lifestyle choice that brings you more freedom, flexibility, and financial breathing room at any stage. Whether you’re looking to simplify, relocate, save, or start something new, there are plenty of reasons to make the move earlier than you might’ve expected.

Why people are downsizing earlier

1.    The kids have moved out

If the house suddenly feels too big or too quiet now that your children have left the nest, you’re not alone. Many people find themselves rattling around in more space than they need. Downsizing can mean lower monthly costs, less cleaning, and more time (and money) to spend on the things that matter to you now.

2.    A lifestyle or career change

Whether you’ve gone freelance, started your own business, or accepted a new job in another location, your needs may have shifted. Maybe you’re working from home more and want to live closer to nature. Maybe your new job pays less, but it’s in a more affordable area and gives you more time for yourself. A smaller, more affordable home could fit your new lifestyle.

3.    Financial pressure

It happens. Life throws curveballs – like divorce, retrenchment, or medical bills – and sometimes you need to cut your expenses drastically. Downsizing might reduce your bond repayments, rates, monthly bills, and maintenance costs. That extra cash can help you breathe a little easier and help you avoid dipping into your long-term savings to cover short-term cash flow interruptions. In fact, if you sell a larger property to buy one that costs less, you could end up with some extra money to boost your retirement savings.

4.    A desire to travel more

If you’ve caught the travel bug, a big house can start to feel like a ball and chain. It’s a lot easier to lock up and go when you live in a smaller, low-maintenance space. Downsizing can open doors to more adventure, whether that means a trip every few months or just the freedom to be more spontaneous.

5.    Relocating for better physical or mental health

You might simply want a change of pace, or to live in healthier surroundings. That might mean moving closer to family, or to a quieter, less polluted environment, or somewhere with beautiful surroundings, better weather and cleaner air. A smaller home often means more choices when it comes to where you live.

6. Making life simpler with less

Sometimes, it’s not about money or circumstances – it’s about simplifying your life. You’re tired of maintaining a big house, or storing clutter, or holding on to stuff you don’t need. Downsizing is a chance to let go of the excess and make space for what really matters.

There’s no perfect age or moment to downsize. But if your home no longer suits your lifestyle, that might be your cue. Are you using only a few rooms? Do you feel weighed down by the admin and cost of it all? Would a smaller space feel like a relief?

If you’re answering ‘yes’ to any of these, it could be time to consider a change.

Where do you begin?

Start with your needs now, while considering how they will change in the future. Look for a space that works for your current lifestyle, but also allows for comfort, safety, and simpler living down the line.

Ask yourself:

• Do I want a flat or a house?
• Do I need an apartment on the ground floor, or that has lift access?
• Must it be close to public transport, shops, friends, and family?
• Am I looking for specifics – like a lock-up-and-go lifestyle, or a small garden to potter around in?
• Does it need to be pet-friendly?
• Is it secure?
• Does it have good wifi and mobile network signal?

Also consider the community. Many estates, lifestyle developments, and residential hubs now offer a mix of ages and activities, with everything from walking trails and gyms to book clubs and weekend markets.

When it’s time to downsize your possessions, you’ll need to decide what stays and what goes. What furniture will you need? Is it time to sell your second car, or unused wedding gifts? This is a practical but also an emotional process, so give yourself time to plan (and breathe).

Ready to explore your options?

If downsizing is something you’re thinking about, get professional advice from a Nedbank financial adviser to help you weigh up your choices and plan what comes next. If you haven’t paid off your current home loan and you’ll still need financing for a new property once you’ve sold your present home, consider the benefits of our repeat buyer offer.

You don’t have to wait for retirement to live the life you want. Sometimes, less really is more.