Giving Up Your Furniture When You Downsize

What do you do with your furniture when you downsize your life?

Most likely you’re moving to smaller quarters and you just can’t fit all of your furniture into it. So you’ll have to make some decisions.

We moved from a 5-bedroom two-story house to a 3-bedroom ranch when we downsized. As a result, we gave up a lot of furniture, something you may also have to do.

The downside of this is that you won’t get much for your furniture, even if it’s very high quality, solid wood, leather, etc. Most of today’s young people would rather spend $600 on an iPhone than on a solid oak end table, so the demand for high-quality furniture is not what it once was. But it’s not dead, either, so you should be able to sell your unneeded furniture, though you probably won’t get what you think it’s worth.

We were in the middle of moving, so we wanted to get rid of things quickly. We put a sofa sleeper on Craig’s List for a few hundred dollars, and it sold fast. We put a loveseat that had seen better days on the curb and a neighbor snatched it up within a few hours. We also had a sale at our storage unit where we sold our kitchen table and chairs, a few dressers and some other pieces of furniture.

We didn’t make a fortune on our old furniture, but we got it out of our way quickly, which was our primary goal.

The upside to today’s listless furniture market is that you can find some really nice pieces for reasonable prices that will be better suited to your new (smaller) home. After we downsized, we did buy a few new pieces, because we needed smaller-scale furniture.

Our best purchase was a leather loveseat, built like a tank and in pretty good shape, bought from someone who was also downsizing and didn’t want to take it on their cross-country move. It cost us a whopping $200 and fits perfectly in our modestly sized living room, where a sofa would be too large.

The person we bought it from moved to the other side of the country after selling all her furniture, then outfitted her new smaller home with quality wood and leather pieces as well as appliances that she found on Craig’s List. She said it was well worth the money she paid to rent a small truck to carry the larger pieces to her new home.

Of course there’s always IKEA, Big Lots and Target if you prefer cheap, trendy furniture. But if you like quality pieces, a little legwork can get you well-made furniture at a very reasonable cost in just the right scale for your new home.

Embarrassed by Downsizing?

We recently saw some distant relatives at a family gathering, people we hadn’t seen for years. One asked my husband why we had moved from our big house in the suburbs to a small house in a small town.

One of the things I love about my husband is that he’s honest and direct. He simply replied, “After my industry moved overseas and I had to close my business, we couldn’t afford to live in our area any more.”

Simple enough, right? But it’s very hard to admit that despite your best efforts, things aren’t going well financially. The responsible way to handle things is to be proactive and downsize willingly, before you’re forced to sell everything just to keep the electricity on. But there’s a huge temptation to pretend like nothing has changed.

It’s dangerous to live in denial. Many people face financial difficulties in these hard times, and some actually make things worse by using credit to continue a lifestyle that they can no longer afford. Even when they reach the end of their rope, and are finally forced to downsize to a smaller house and/or a less desirable area, they may try to keep the façade going by putting a little spin on the situation (“We sold our house because we’re going to travel a while before moving to the Hamptons.”)

Being honest about your situation means you don’t have to wear yourself out pretending that nothing has changed. You also free others who are having financial challenges to be open and admit that the smart thing for them to do right now is to downsize. Your example can show them that there’s nothing to be embarrassed about and that life goes on…..a happy life, too.

Years ago, I would occasionally see bumper stickers on cars that said “Don’t laugh. It’s paid for.” I’ve thought about putting a little sign with that slogan in my yard (don’t worry, my husband would never go for it!) But we love our little house, and we’re happy with it. No, we don’t live in the McMansion anymore, and we don’t live in the suburbs, either. But I’m being completely honest when I say we’re fine with that. Downsizing our life has actually made us quite comfortable. And we don’t care who knows it.