Would you consider downsizing to a studio apartment?

studioapt

That’s exactly what Mr. German and I are thinking of doing. Or rather, I’m thinking of it and he’s sort of with me on it. 🙂

We’d be downsizing from our current 65 sq metre (700 sq ft) flat to a 35 sq metre (376 sq ft) flat.

If we did this, our rent would go down from 610 EUR/month, to 300 EUR or less/month. These are warm rents I’m quoting.

Already we’re living below our means.  610 EUR is affordable for us even though we’re probably paying 100-200 EUR/month more than market value for our place. In comparison, my colleagues easily spend 1400 EUR per month on renting 80 sq metre (861 sq ft) flats in a neighbouring expensive city.

But I can’t help but feel we can do better. Especially since we’re thinking of moving anyway, why not give 35 sq metres a try?

While it may seem extreme, with the right layout, it’s actually quite nice for us. We used to live in about 32 sq metres when we were students, and it was great.

We’re also trying to be more minimalistic, and having less space will help.

Plus, I get really giddy thinking of halving our rent! Not only because we will save more, but because my aim is to set up passive income streams that will cover our costs. It’s much easier to achieve this when our expenses are low, thus making early retirement all the more reachable, and sooner. :mrgreen:

The most difficult part of living in 35 sq metres is having to ‘explain’ to family WTF we’re doing. Already my in-laws tsk at us for living in a flat that is not that nice. We actually think it’s VERY nice, but it doesn’t have up-to-date finishings like the gorgeous places Mr. German’s siblings live in. Still, our current flat is a ‘normal’ place to live that won’t raise questions. If we suddenly move to a studio, that would appear insane for a thirty-something professional couple. 😕

It can be hard to go against the grain. People don’t like it when you do things they don’t understand.

Though we shouldn’t let other people’s judgements deter us from working toward our goals. Life’s too short to be slaving away at a job just to pay for a lifestyle we’re not even interested in!

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12 thoughts on “Would you consider downsizing to a studio apartment?

  1. Smaller space means less cleaning, more togetherness, and quicker savings to a house. Makes perfect sense for a short term thing. But how much will commuting costs go up? Gas is expensive!

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  2. GTA is building 200 sq ft flat. I’d rather live in a 700-800 sq ft space. Having room to move around is lot better, not too big and not too small.

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    • 200 sq ft is small for us, but for many people around the world, this is considered normal or even big.

      Personally, I could pare down and live in 200 sq ft. Although with my partner it may be hard.

      We’re not considering studio apartments anymore. I will write more about it in an entry!

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  5. A well laid out studio apartment would be perfect. We bought a ~750 sq ft home last year and love the ‘cottage’ feel to it. Definitely agree with the previous poster about having less space to clean – it’s been nice to be able to clean the entire house in under 2 hours each week! We also value a large outdoor space over indoor, we like to spend most of our outdoors and our new (smaller home with a large yard) has enabled us to do this.

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  6. I soo understand what you mean! Same situation here: brother lives in a small castle and spands shitloads of money adding new insane/unnecessary features to it while going to work 6 days a week and complaining that he can’t afford this or that. We live in a 75m² flat. They think we are weirdos and treat us that way 🙂
    So. Don’t worry about family&friends, just do your thing! You’re on the right track!

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    • You’re in good company with fellow weirdos here. 🙂 Now we live in about 50 sqm which is really very nice for a couple. It’s spacious, even! But already people go silent when they find out (because we are crazy), or comment about how it’s “tiny”. I seriously don’t know how something so benign can make people feel so uncomfortable.

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