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The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Sun 23 Jun '24 with Rich Harvey Why Tax Depreciation Matters
 
 
Fri 14 Jun '24 with Rich Harvey Tax Effective Property Investment Strategies
 
 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Rightsize in the right way

July 29, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

For many owners of Australian property, rightsizing means moving into a smaller home. Not only can this create a more comfortable home environment, it can be a big boost to bank accounts.

However, as anyone who's ever moved knows all too well, switching houses can be a headache and a half. Fortunately, when it comes to rightsizing into a smaller space, there are simple strategies you can use to streamline the process and save your sanity.

In fact, two are simply questions you need to answer.

What really matters?

Plenty of people are pack rats in this day and age. From bronzed baby shoes to outdated paperwork, chances are your current property has its fair share of unnecessary items.

Rightsizing is all about having a home that suits your needs, and that doesn't mean bringing along every last product or keepsake you've accrued.

Trash or treasure, it pays to do a thorough clean of your home to decide what will make the trek with you to your new property and what will stay behind.

Hold a garage sale, make some donations to a local charity - whatever you do, remember that rightsizing your life goes beyond the square footage of your home, it also involves what goes inside it.

What would you replace?

It can be difficult picking and choosing what goes into your new home. From furniture to full-length mirrors, it's easier to build an attachment to inanimate objects than many people think

One easy way to decide what stays and what goes is to imagine your house has burned down or been flooded. Essentially, you'll want to ask yourself what you would actually take the time to replace if your possessions were ruined.

Would you really go out of your way to purchase the twin version of that couch, or would you perhaps opt for a new, smaller version?

Eventually you'll find yourself with a list: What you can't live without and what you won't mind losing. If your buyers agent is finding you a smaller property, think long and hard before you put something in the first category.

The Propertybuyer
Podcast

 
Sun 23 Jun '24
with Rich Harvey
Why Tax Depreciation Matters
 
 
Fri 14 Jun '24
with Rich Harvey
Tax Effective Property Investment Strategies
 
 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 

 

Listen to many more
podcasts on our
Podcasts page.