5 common misconceptions about downsizing

The journey to downsizing looks different for everyone, but many people share common misconceptions about downsizing communities and the people who call them home.

To make sure you’re fully armed with all the facts as you plan your future, we’re debunking 5 common fallacies about downsizing communities.   

1. Downsizing communities are for “old people”

The idea that downsizing communities are only suitable for old, inactive people is completely false!

It’s common for soon-to-be retirees to perceive that they’re simply not old enough to make the move to a downsizing community, but these communities aren’t for oldies! The average age of a person moving to one of our affiliated communities is younger than traditional retirement villages. Our members’ communities are home to active and empowered over 50s who have a zest for life.

2. I have to be retired to live in a downsizing community

Because downsizing communities are different to retirement villages, you don’t need to be retired to make your move! While many homeowners within these communities are retired, there are still a number of individuals who work full-time, part-time, casually or are self-employed.

Downsizing communities typically attract younger, active and independent homeowners who have chosen to live in a secure environment, in a great location, with like-minded people of a similar age.

3. Moving to a downsizing community will be too expensive

While, of course, there are costs associated with moving to a downsizing community, many people find that making the move helps to achieve greater financial freedom. Here’s how your bank account could benefit from downsizing:

• You’ll free up equity that’s sitting in your current home
• You’ll experience reduced living costs as your new home will be cheaper to heat and cool
• You’ll save on repairs and maintenance as your home will be brand new
• You won’t need to pay stamp duty or council rates
• Some land lease communities partner with electricity and insurance providers to offer cost-effective solutions, meaning you get to keep more money in your pocket (or in the travel fund jar!)

4. I’ll have to leave my lifestyle behind

Many people believe that downsizing their home means downsizing their lifestyle too – but this simply isn’t true! In fact, many downsizers are amazed at just how much more active their lifestyles become when they move into a downsizing community. Because downsizing communities are home to a younger demographic, they provide access to a range of premium lifestyle amenities like pools, gyms, cinemas, tennis courts and more. The beauty of living in a downsizing community is that there’s a whole range of activities available all year round and you get to choose how much or how little you’d like to take part in.

Plus, many downsizers find that making the move to a land lease community helps them free up the money and time to travel more, which is particularly appealing if you love road-tripping or jet-setting.

Living in a downsizing community allows you to enjoy the very best of both worlds: a relaxing, fun, holiday lifestyle and the comforts and company of home.

5. The downsizing process is too difficult and stressful

Every traveller knows that difficult roads often lead to the most beautiful destinations. Well, the road to downsizing isn’t always smooth. It can be winding, bumpy and uphill! But you can rest assured that the destination is worth it.

Making any new life decision comes with its difficulties, and downsizing is no different. But there are many supports available to help you step by step through your journey – and we’re one of them! If you’re beginning your downsizing adventure, the team at Discover Downsizing is here to make your journey as enjoyable as the destination.

We hope this blog has helped to clarify some misconceptions you may have had about downsizing! Want more? You can discover a range of valuable insights on our website.