Downsizing Percentage

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Old 08-16-2013, 10:27 PM
patfla06 patfla06 is offline
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Default Downsizing Percentage

People have been saying try not to downsize more then 50 percent.

We are downsizing 42 percent.

How about you?
And how did it work out?
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Old 08-16-2013, 11:15 PM
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How did you come up with the number?
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Old 08-17-2013, 06:39 AM
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We went from 5000 sq ft to 1500. It works perfect for us. It is just a matter of how attached you are to your"stuff". We found we really don't need all the stuff and didn't even know we had some of it. Less house, less yard, less stuff = a more simple, less stressful life for us.
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Old 08-17-2013, 07:36 AM
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Actually you are downsizing 70%, 3500/5000. We are in about the same boat, plus going from 13 acres to 1/4(-) acres. We are comfortable with the decision now but are closing monday and coming down in late September.
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Old 08-17-2013, 08:02 AM
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it seem odd at first but you adapt
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Old 08-17-2013, 08:11 AM
BettyCrocked BettyCrocked is offline
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The other thing you have to keep in mind is that it's not just the square footage of the parts of the house you live in. I thought I was downsizing from 4000 to 2100. Then I realized that there are over 1000 more square feet of storage/garage/attic area. Two 2 car garages plus a lot of attic storage wasn't counted in my initial figures.
Gonna be tough, but we'll find a way.
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Old 08-17-2013, 09:08 AM
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Easy for us. We upsized from 1100 sq ft condo to 1700 sq ft designer home.
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Old 08-17-2013, 09:27 AM
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50% for us and really glad for it on house cleaning day!
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Old 08-17-2013, 09:38 AM
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Quote:
Originally Posted by perrjojo View Post
We went from 5000 sq ft to 1500. It works perfect for us. It is just a matter of how attached you are to your"stuff". We found we really don't need all the stuff and didn't even know we had some of it. Less house, less yard, less stuff = a more simple, less stressful life for us.
We went from a house of over 2000 sq ft, large garage and yard to a house that's barely 1400 sq ft. Yes, we maybe could have had a larger house but didn't want the job of cleaning it and "filling" it. VERY happy with what we have and the life-style it affords us. I also much more care for how we've become more minimalist (sp??) in living!! It is very "freeing"!! Besides, it will save our kids the job of going through and getting rid of all the "stuff".
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Old 08-17-2013, 12:08 PM
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We are not full time yet a couple more years, we are going from 6500 to 1600 we might need to rethink that once we are full time.
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Old 08-17-2013, 12:26 PM
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We have a 4 bedroom one for us one for guests, one for hubby's hobbies and one for my hobbies. I am thinking we would spend more time on hobbies in retirement not less so I can't figure how to make it work yet. It is one of the reasons we are putting off the decision on size of retirement home.
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Old 08-17-2013, 01:00 PM
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I'm not sure how to put a number on it, but if you're simply talking about square footage of your houses, I downsized more than 50%.

The thing is than many of us were living in over sized houses one the kids moved out.
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Old 08-17-2013, 02:55 PM
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New home=38% of current home!!

Our home now is almost 5000 sq ft, 6 bedrooms and a home theater, 3 car garage.

We are thrilled to be downsizing to 1910 under air and a 2 car+1 golf car garage!!
So our new place there will be 38% of our present space! Yahoo!!!

Can't wait to get rid of all the extra stuff we have spent 45 yrs collecting!!!!

Very liberating!!!
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Old 08-17-2013, 04:18 PM
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I went from 2500 to 1400 sq ft, 1 + acre lot, to a corner lot in TV, but take into consideration I don't have my 3 kids living here, or their friends, or my sons band, etc. I do still keep a large storage unit in NJ, but slowly it will be emptied. So much less to take care of, whick leaves more free time for me, the utility bills are much less, taxes so much better than NJ, it is a good tradeoff for sure.
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Old 08-17-2013, 04:45 PM
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That's why it's said folks purchase 3 homes while living in TV; they downsize too much.
Our summer home is 1600sf and takes a while getting used to it.
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