For many homeowners, downsizing means selling a larger family home and moving to a smaller property that is easier and potentially less expensive to manage. It can release equity for retirement, reduce day-to-day upkeep and support a simpler lifestyle. However, the right move depends on more than the size or purchase price of your next home. Energy performance, maintenance requirements, location, service charges and future accessibility should all form part of your decision.

Is downsizing a good idea?

Downsizing can be a good option if you want to release equity, lower your household costs or move to a home that better suits your current needs. Before deciding, compare the likely sale price of your existing property with the full cost of buying and moving, including professional fees, taxes, repairs, furnishing and any annual management charges. It is also worth considering whether the new home will remain suitable if your mobility or care needs change.

Does a smaller home cost less to run?

Not always. A smaller home may still have high energy bills if it is poorly insulated or has an old, inefficient heating system. A modern, well-insulated property can be less expensive to heat than a smaller but less efficient home.

When comparing homes, check the Building Energy Rating (BER) certificate and advisory report. A BER indicates a property's energy performance and can help you assess likely comfort, efficiency and potential upgrade requirements.

In Ireland, buildings that are constructed, sold or rented generally require a valid BER certificate and advisory report, subject to limited exemptions. Property advertisements must also display the BER. The current simplified scale runs from A0 to G, with A0 representing the highest energy performance. Compare the rating alongside the heating system, insulation, windows and any recommended upgrades rather than relying on the property size alone.

What should you look for in a low-maintenance home?

Look beyond the décor and consider how much time and money the property may require over the coming years. Newer or recently upgraded homes often need less immediate work, but every property should be assessed on its own condition.

Pay particular attention to the roof, windows, heating system, electrics, plumbing, insulation and external areas. If you are considering an apartment, also think about lifts, access, parking and whether the layout will remain practical in later life.

Commission an independent structural survey before you commit to a purchase. It can identify defects, explain the condition of key components and help you anticipate future maintenance costs.

What should you check in an apartment or managed development?

Ask your solicitor to review the management company documentation, annual budget, sinking fund, service charges, insurance and any planned major works. Confirm the development's fire-safety and building-compliance position and establish whether owners may face additional levies. These ongoing costs can materially affect the affordability of an apartment or managed home.

How can you achieve the best price when selling your home?

Start by obtaining an informed market appraisal from an estate agent with strong knowledge of your local market and the likely buyer profile for your property. The right pricing and launch strategy can help generate interest early, while good presentation allows buyers to see the home's full potential.

Before photography and viewings, focus on the improvements most likely to strengthen first impressions:

• Focus on the key rooms. The kitchen, dining room and living room are often the most important spaces to potential buyers.
• Make a strong first impression. A fresh coat of paint on the exterior walls, a tidy approach to the front door and windows cleaned inside and out all make a difference.
• Showcase your garden. Don't underestimate the appeal of a large garden, particularly to young families. Make sure it's neat and well presented for viewings.
• Declutter and keep things tidy. Clearing space and keeping the house in good order helps buyers picture themselves living there.

 Ask prospective agents how they would position the property, which buyers they expect to target, how they will market it and how the asking price is supported by recent local evidence. A clear strategy from the outset is usually more valuable than choosing an agent on valuation alone.

How should you plan the money released by downsizing?

Prepare a realistic budget based on the net proceeds rather than the headline sale price. Allow for the purchase of your next home, moving and professional costs, furnishing or improvement works and an emergency reserve. You may also wish to plan for retirement income, private health insurance, future care needs, family gifts or inheritance. Independent financial and legal advice can help you make decisions that reflect your circumstances.

When is the right time to downsize?

The right time is when the move supports your financial, practical and lifestyle goals. Many homeowners prefer to act while they have the time and energy to prepare the property, sort belongings and settle into a new community, rather than waiting until a move becomes urgent.

Location is just as important as the property itself. Consider access to public transport, shops, healthcare, green space, friends and family. A well-located home can help you stay active, independent and connected for longer.

Downsizing checklist

• Arrange a market appraisal for your current home.

• Estimate the net proceeds after purchase and moving costs.

• Define your preferred location, property type and essential features.

• Review the BER, heating system and likely energy costs.

• Commission an independent structural survey.

• Check management fees, sinking funds and planned works where relevant.

• Consider long-term accessibility, transport and proximity to services.

• Take independent legal and financial advice before committing.

Talk to Savills about selling and downsizing

Downsizing can create a simpler, more comfortable and more financially secure next chapter when it is planned carefully. If you are considering selling your home in Ireland, Savills can provide a market appraisal, explain current buyer demand and help you plan the sale with confidence. Contact Rose Lyle or request a market appraisal today.