If there is a room in your home that is off limits because of clutter in that space, you are not only wasting space but also wasting money. An article from 2008 explores the findings of a study by IKEA on the costs associated with cluttered rooms. From the article:
In a survey of UK homes, Ikea found 77% of us have a big problem with clutter, which contributes to wasting a whole room.
Squandering that space but paying for it over the years on our mortgages costs us on average an eye-watering £38,246 [about $50,000 USD] in Middlesbrough.
Research by another company, junk clearance business Any Junk?, confirmed the “wasted room” evidence and put it at only a slightly lower cost. It estimated on average householders waste around £32,000 [about $42,000 USD] worth of space – in Middlesbrough the figure is about £14,870 [$19,500 USD].
In the past 10 years, these costs have only increased. It can be important to take stock of what you own. If your possessions are filling up a room in your home, then it is probably a good time to clear it out and purge the items that are wasting an entire room. Downsizing or finding a more utilitarian way to use the space may help you out financially over the long term.
This post has been updated since its original publication in 2008.