Are you living in a property with more rooms than you actually need? The concept of rightsizing is gaining momentum as more people realize the importance of moving into a home that perfectly fits their lifestyle and family size.
In the UK, the average household size is just 2.4 residents, yet the average home in England and Wales has 3 bedrooms. Recent census figures reveal that 1.1 million households have fewer bedrooms than residents, leading to overcrowding issues. On the flip side, a staggering 69.2% of households have more bedrooms than necessary, reaching an all-time high of 17.2 million.
Rightsizing is not just about downsizing; it's about making a move to a property that suits your current needs. For example, older homeowners, who tend to have extra bedrooms, are increasingly showing interest in rightsizing to smaller properties. In 2019, there was a 30% increase in the number of older individuals considering this move.
Having spare bedrooms can be useful for guests or home offices, but when your home is designed for more residents than you have, you're left with oversized spaces and unnecessary maintenance. Rightsizing to a property with fewer bedrooms can free up both money and time.
The term "rightsizing" encourages a thoughtful approach to choosing the right-sized home. It's about making an informed decision that aligns with your current lifestyle. Whether you're a young couple thinking of starting a family or an empty nester with extra rooms, rightsizing is a practical way to ensure your home meets your needs.
If you're considering rightsizing, why not consult with one of our trusted advisers? Reach out to your local branch today, and let's explore the right-sized options for you. It's not just a buzzword; it's a practical step toward a more comfortable and efficient living space.
Sourced from Your Move