How to: Downsizing Your Home

Downsizing Your Home

Retirement is just around the corner, your children have fledged the nest and your house is now starting to feel a little bit too big for just yourself. Well, it may be time to start considering downsizing your home. Although it can be a daunting process, with the right planning, it can be an exhilarating and liberating experience.

Because it may be difficult to know where to start, we’ve put together some useful tips to walk you through the whole journey:

1. Determine your lifestyle needs

Now that you don’t have to worry about whether you’re within walking distance to prestigious schools or the safety of your neighbourhood, its time to think about what you want. Consider what kind of lifestyle you would like to live moving forward— would you enjoy having the ocean at your doorstep; or would you prefer living in an apartment close to city amenities such as museums and lots of restaurants?

During this decision process, sites like Liveable are extremely useful to help prioritise your needs, as well s to offer suggestions about what suburbs may best suit your ideal lifestyle.

2. Assess your new home

Once you’ve decided on your new home, scrutinise the blueprints and find out exactly how big each room is. This is a vital step to decide which large pieces of furniture to bring with you.

If you simply can’t visualise how big a certain area is, a handy tip would be to compare the size of your new rooms with rooms of similar dimensions in your current house. For example, your living room-to-be may be approximately the same size as your current bedroom. By comparing the two, it may give you a clearer idea about exactly what furniture can fit where.

3. Be practical when decluttering

When looking at what to bring with you, be practical. For example, if you’re moving to an apartment, you won’t need appliances like your lawn mower or ladder anymore. In the same vein, if you’ve been hoarding clothes that no longer fit or don’t wear anymore, consider giving them away to charity instead of letting it clutter up your new home.

Of course, things get a little less clear cut when it comes to sentimental items. Although it may be difficult to throw out the badminton trophy your son won in the fourth grade, it is important to take a step back and think: will I really miss this item? Perhaps keep a couple of sentimental items that you hold close to your heart, and take a snapshot of the remaining memorabilia that do not make the cut.

4. Ensure furniture serves a multi-purpose function

Living in a smaller area means that you will no longer have the luxury of having very many pieces of furniture in your house. However, having less possessions does not mean that you will have to compromise on comfort.

When shopping for new furniture or when choosing what pieces to bring over to your new home, try to pick out multi-functional pieces. For example, opt for a dining table that you’d be comfortable to also use as a study desk. Sofas that can be converted into sleeper beds will also come in handy, especially if your new place does not have a spare guest room.

5. Colour code your boxes

Packing your life away into a couple of boxes can get messy. To help with the process, it will be useful to implement a colour-coded system to organise your belongings. Mark the boxes with kitchen appliances with a red marker, boxes with your bedroom belongings with a blue marker, and so on so forth. Although this takes a little extra effort during the packing phase, it will make unpacking in your new home much more efficient and fuss-free.

How to: Downsizing Your Home

Top neighbourhoods in London on an average salary

Where are the top neighbourhoods to live for someone on an average salary in London?

We delved into what the average salary is (£34,565) and the average % of salary that goes into rent (72%) – yes, it is that high (and ridiculous, if you ask us) !

We then took those numbers, plugged them into Liveable taking into account a couple of assumptions:

  • Affordability is Very Important with a maximum rent of £500, looking at shared accommodation and 1 bedroom places.
  • Commute is Very Important and we are commuting to Bank with a time no more than 30 mins.
  • Going Out, Convenience and Safety are all Important to us.

The top 10 neighbourhoods were (with median 1 bedroom rent per week):

  1. St Dunstan’s (£190/wk)
  2. King’s Cross (£294/wk)
  3. Spitalfields & Banglatown (£325/wk)
  4. Bunhill (£515/wk)
  5. Haverstock (£180/wk)
  6. St Peter’s (£283/wk)
  7. Prince’s (£185/wk)
  8. Weavers (£340/wk)
  9. Holborn and Covent Garden (£505/wk)
  10. Barnsbury (£387/wk)

The good news is in the top 3 neighbourhoods, median weekly rents are well below 72% of the average salary earned in London, which means that they are still some “bargains” to be had.

The full results including property listings are available at http://bit.ly/2jmD8fi

Feel free to change the preferences accordingly to best fit your needs.

Top neighbourhoods in London on an average salary

Top neighbourhoods in London on an average salary

How Australian cities have changed in the last 30 years

Some real numbers on how Australian cities have changed to become more and more urban over the years.

The article takes Melbourne as an example but we are definitely seeing this trend across all Australian cities. It won’t be long before the “20-minute city” concept becomes reality. We just need infrastructure and development to keep up with the changes.

http://theconversation.com/density-sprawl-growth-how-australian-cities-have-changed-in-the-last-30-years-65870

How Australian cities have changed in the last 30 years

Domain’s Top Suburbs in Sydney

A number of people have forwarded and asked us what we thought about today’s article on the most liveable suburbs in Sydney published by Domain.

If you haven’t seen the list, it’s available at: http://www.domain.com.au/news/domain-liveable-sydney-citys-555-suburbs-ranked/

We’re not sure if they noticed but the top 10 list seems to be heavily skewed towards suburbs in the Lower North Shore, and there hasn’t been much visibility on how 8 suburbs made numbers 1-8 on the list, or what the calculation was behind that list.

One rather interesting / amusing opinion piece basically sums up what many people thought about the list: http://www.smh.com.au/comment/the-liveable-suburbs-with-no-sign-of-life-20160801-gqi3on.html

So, what do we think?

To us, suburb rankings don’t mean anything, unless it’s personalised since everyone’s preferences are different. You may want a nice leafy suburb that’s kid or pet-friendly but someone else might want to be close to universities or access to the nightlife Sydney has to offer (yes, we know, there are lock-out laws but let’s not get started on that).

Once the list of suburbs get personalised, there needs to be a clear, transparent scoring system that shows how each preference chosen makes up the final score for the suburb, which is what the data used in the article today seem to be lacking.

And this is where we feel we deliver value in. Since we launched in Sydney, our goal was to let people ask the questions and select what they deem important to them. From there, Liveable then perform the calculations on-the-fly giving the list of top suburbs based on what’s important for that specific person.

Try it out yourself and find out which suburbs rank best for you @ www.liveable.xyz/sydney

Domain’s Top Suburbs in Sydney
Domain’s Top Suburbs in Sydney