We traded a brand new, 2200 sq. ft. house, with a tiny yard and a long commute for a 50 year old, 960 sq. ft. home with a spacious yard, fantastic neighborhood and 10 minute commute. Even though we have 4 kids 5 and under sharing our little home with us, we have never regretted the trade. For us the additional time spent at home (instead of the car), the spring and summer evenings under our linden tree, and the ease of cleaning up a smaller house are more than worth it! Sometimes having less house allows you to have more life.
Three of My Best Tips and Tricks for Creating a Successful Small Space::
No. 1 - Get as much functionality as you can from each space. Find pieces that pull double or triple duty. Think about what you need from every item you add to your home.
No. 2 - Make the space work for you. Think about what you need from a space and tweak it until it works for you. If you can, don't be afraid to customize your closets or other spaces to fit your needs.
No. 3 - A place for everything, and everything in it's place. The old adage rings true.