Downsizing refers to when a buyer purchases a property which is smaller in size or lower in value than their current home.
[2] A survey of older Australian families that chose to downsize identified four primary factors contributing to the choice to downsize: a desire for a change in lifestyle, an inability to maintain the home, children moving out of the household, and retirement.
[4] Some people will find it especially difficult to accept the need to dispose of possessions, and this will cause some considerable anxiety.
[5] Following a disposal methodology can be a useful approach if the task seems impossible: One approach is to determine what furniture, displayed items and commonly used items are suitable for and will fit in the new home: remaining belongings will need to be sorted into what is to be kept and what is to be disposed of.
[6] After the basic fundamental items that will move to the new home have been determined, there will remain a set whose fate will need to be decided.