When less becomes more: Are small spaces the next big thing?

The rise in living costs and the growing demand for a greener environment in our country are driving a notable trend of reduction in almost all areas of life. With increasing real estate prices and heightened environmental awareness, many Israelis are opting for smaller, more sustainable homes. A recent study by the Central Bureau of Statistics revealed that the average price of residential properties has increased by 20% over the past five years, prompting many Israelis to reconsider new, eco-friendly living options, including smaller, energy-efficient homes. Consequently, this downsizing trend is gaining momentum, offering both economic relief and a more sustainable lifestyle.

It's difficult to pinpoint a specific demographic for those embracing downsizing. It could be couples in their 50s and 60s, whose nests are empty, deciding to move out of the family home. It could be students or young couples attracted to the idea and choosing urban apartments that provide proximity to work, cultural centers, and social services. Moreover, minimalists and environmentally conscious individuals adopt downsizing as a way to reduce their carbon footprint and live more sustainably. The common thread among all these people is the desire for a simpler and more efficient lifestyle, one that prioritizes quality over quantity.

In the suburbs of the country, a quiet revolution is already underway. The downsizing revolution: intelligent people exchanging their large homes for practical ones with a more comfortable boundary. Downsizing is not just a trend; it is a lifestyle choice brimming with benefits and opportunities.

So, what are the advantages of downsizing? The primary and most important is reduced maintenance and cleaning costs. In the United States, studies have shown that the average person spends about 1.5 hours a day on household chores, including cleaning. This amounts to around 10.5 hours weekly. European countries and Israel report similar figures, with slight variations depending on the country and lifestyle. "I realized I haven't dusted the family room corner in months because the kids aren't home and I have no use for that space anymore," says Rivka Levy, a 65-year-old widow downsizing her home. "Now, I'll only have to clean spaces I actually live in," Levy laughs. "For me, downsizing means fewer rooms to clean and maintain, leaving me more time to enjoy life's pleasures," Levy concludes with a deep breath. Smaller spaces mean lower heating and cooling costs. Levy, who will move next year from a six-bedroom house to a two-bedroom penthouse in the Axis Project in Holon, shares, "I'll cut my heating bill in half! Now I can afford the beach vacation I dream of every year."

Another advantage of downsizing is the cleaning and organizing process, which may start with physical items but ultimately touches the soul. By letting go of unnecessary items, we experience a new sense of clarity and comfort in life.

A smaller home offers a fresh start. Ruby Altman, a 47-year-old divorced tech worker with joint custody of his children, recently decided to purchase a garden apartment in the Hayarkon 11 project by Geshem Holdings. "It's still important to me to have the prestige of a modern, elegant apartment with luxurious finishes, and I bought a sleek, modern apartment that fits my current lifestyle perfectly," shares Altman. He continues with the advantages of small homes, often located in prime locations, "I can walk everywhere. To the supermarket, the health clinic, the playground, restaurants, pubs, and for me, it's a significant improvement in my quality of life and that of my teenage children."

Downsizing is more than just moving to a smaller home; it's a conscious choice to embrace simplicity, reduce stress, and improve quality of life in the boiling pot we live in today. It's about prioritizing experiences over possessions and relationships over square footage. So, when considering moving to a more comfortable space, remember the benefits and opportunities. In the end, less can truly be more - more freedom, more life, and more time for what really matters.

The author is the spokesperson for Geshem Holdings.