Many people are downsizing their housing whether due to the economy or changing family size. We were part of that trend a few years ago when we sold our 4 bedroom single family home for a 3 bedroom condo.
There is a silver lining to the trend. It’s spurred several business opportunities related to living in smaller spaces.
This is the one business I would like to see on the decline. Putting things is storage should be a temporary solution for people in between spaces.
It’s not a good idea for those that are permanently downsizing. Still, these businesses are booming as people can’t bear to part with possessions.
To avoid having to rent storage space some people hire organizers or decluttering experts to help them clear out unnecessary possessions.
This is a good business for a solo proprietor with low start-up costs. It does require sensitivity as there can be a lot of emotions related to parting with treasured items.
Space Designers and Decorators
Space designers can help with innovative solutions for furniture and storage to make living in a smaller space easier. Some designers specialize in elder design which requires consideration of needs of aging residents.
Decorators can do more than help with paint colors. They can also help downsizers in reorganizing important belongings as they transition from a bigger space.
Instead of having that frog collection all over the house one alternative would be to create a display of favorite pieces grouped together.
Even if you don’t plan to be part of the smaller space trend, maybe one of these small business opportunities will be in your future.
Do you plan to downsize?
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