Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Why downsize your home?

Why downsize your home?

Content image - Phnom Penh Post

Why downsize your home?

Whether you are approaching retirement, sick of an uncontrollable garden, want to cut down your commute time, or maybe just fancy a move – it could be a good time to downsize your home!

Downsizing is a great way to cash in on your current real estate asset, especially when the market is hot – and can help you save some extra money once you move into a smaller, more manageable home.

What makes property owners want to downsize? Here are a few of the most common reasons, thanks to

Finally free from the kids!
When your children move out to go to university, start a job in the big city, or marry and start their own family – your current house might have vacant bedrooms and lots of excess space.

It can be great always having the bathroom available – but when there is a chance to cash in on your property asset by downsizing your home you had better ask yourself : “Do I need such a big home now?”

Without your kids causing havoc, a big home might feel empty once they go. It also requires a lot of cleaning and maintenance, without any real benefits for those still living there.

If this sounds like something happening in your home, try marketing your property for sale and consider downsizing.

Cut the Commute:
Generally, the closer your home is to the CBD, the more expensive the land or property is.

This is why inner-city workers are increasingly looking to apartments and condos in Phnom Penh. If your house is in the suburbs of the city, but your workplace is in the center – every day you might be spending hours in traffic.

So for those who know they will need to live in the city for years to come – consider downsizing your home, and move to an affordable apartment or condo in the inner-city.

Cut Living Costs:
A home is always in need of cleaning and other general maintenance; a home is also always in need of electricity and water and other utilities. Of course, it is easier to clean a one-bedroom home, compared to four. A big home can also be hard to cool or heat – depending on the season.

For these reasons, you can bet that a smaller home will need less maintenance, and ultimately cost less to live in.

Thus, a smaller house = smaller bills = less work + more cash in your pocket.

Cash-in on your Asset:
It can be easy to make money by selling your over-sized home in exchange for a smaller one. And the extra money could even settle your mortgage repayments.

Especially when the property market is as hot as the current Cambodian real estate climate – cash in on your current home, and buy a smaller, more affordable property with a good chance of future appreciation.

Checkout more great real estate insights today, on, Cambodia’s home of Real Estate.


  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all