According to the TOI, housing prices in Dubai have contributed more than 40% of consumer price inflation. During the Covid-19 pandemic, landlords and sellers graciously dropped the rentals and prices for their apartments. This led to people moving into large homes with spacious porches and swimming pools. However, as the markets opened after the pandemic in 2021,
landlords decided to capitalize on their existing real estate. Rental prices have increased more than in pre-pandemic times as Dubai attracted more affluent people worldwide. Unfortunately, monthly income for the less affluent and poor did not match up with the rising prices, which led people to downsize their homes. Downsizing has many advantages for homeowners and tenants, as mentioned below.
Top Benefits of Downsizing Your Home
You might have different reasons for downsizing like you need to relocate, which gives you a new opportunity to make better choices. So if you have been considering downsizing, the below points will only boost your belief.
Downsizing Leads to Less Stress
Life is complicated as it is, and downsizing can be one of the biggest you could take towards a more simplified life. A smaller home will have less space to clean. Generally, there will be fewer home repairs and less to maintain. Further, it will require fewer furnishings, all of which will reduce the effort needed to take care of your tiny home.
So you have to devote less of your time and attention, which frees you from the stress and tension involved with maintaining a larger home. Sometimes we underestimate the stress involved with home maintenance. Homeownership comes with many responsibilities as we have to keep the structure and systems functioning well. A smaller home can really help to alleviate that stress.
More Free Time After Downsizing
As mentioned in the above points, a smaller home requires half the amount of our time to stay functional. You can use that free time for personal goals, hobbies, family, and pets. It will take owners less time to get their daily chores accomplished each day in a smaller home because there is less to maintain.
Moreover, your weekly and monthly cleaning can be done in minutes rather than hours. For instance, if you had four bathrooms previously, it would require a lot of time and energy to maintain them. So even if you were not using all four of them, you had to devote your time. After downsizing, your bathrooms are not only less but also comparatively smaller, taking only half of your time to clean.
Save Money by Downsizing
This is one of the most apparent benefits of downsizing, as there are so many ways one can reduce costs in a smaller home. Firstly, there is less need to fill your furniture, electronics, appliances, and home decor. Without the extra space to store items, it will be much easier to see when you are spending money on frivolous purchases.
Smaller homes demand you to be very mindful about what you decide to bring into the space. Any excessive item will start cluttering your home and give it an untidy look. Thus, you are forced only to buy things that will serve your purpose and minimal decor to give your home an inviting look. Therefore, your spending habits are checked automatically.
Moreover, you can also save money on utility bills, property taxes, and home maintenance.
Downsizing Reduces Your Carbon Footprint
Living in a smaller home in Dubai will help you save energy which is a big bonus for downsizing. In the past few decades, Dubai has undergone major developments and therefore has attracted a large number of human settlements. All of this has led the city to consume enormous power and deplete natural resources.
By moving into a smaller home, you do your bit in reducing this carbon footprint. In a bigger home, energy would get wasted in rooms that no one even knew, but that is not the case in a smaller house.
Rediscover Love and Gratitude for Your Home
It is easier to love a massive villa with spacious bedrooms and luxurious bathrooms. However, with time, the high maintenance transforms all that happiness of owning a large house into frustration and resentment. Contrary to that owning a small house may not be lucrative at first, but the convenience and low maintenance can make you appreciate it in the future.
With less stress and more time gained by downsizing, you are free to enjoy your home rather than just maintain it. And that leads you to appreciate the simplicity your small home brings you. Additionally, you can easily make your house guest-ready in less time without having to make elaborate arrangements and changes.
Downsizing Makes Travel Easy
Most families living in Dubai want to enjoy the luxury of having access to travel to any country due to its connectivity. However, travel plans can get restricted when you own a large mansion as you constantly worry about its safety and maintenance. Living in a small home makes these easier.
Families can set up a security system without spending much on a smaller scale. This allows one to enjoy their travel while monitoring their homes on the go. Moreover, the money one saves from downsizing offers the freedom to go on more trips. So one can trade living in a large home with stress for new experiences and fun.
Upgrade Your Lifestyle by Downsizing with Top Luxury Property
Contrary to what most people believe, living in a small home offers all the benefits mentioned above and more. It helps families to live a peaceful and secure life in a cozy home they love. Top Luxury Property has various small apartments, townhouses, and villas to choose from when downsizing. With an experienced team of agents, you can get the best home for your family in a friendly neighborhood.
