This is just a list of what I've personally found to be beneficial side effects of working on taking a minimalist approach to my living space. Everyone has their own preferences and views are bound to differ. That's natural and okay!
Having less things around helps lower my stress
(though I'm still working toward less as I don't feel I've hit my optimal balance yet)
Less things = easier cleaning
I'm more appreciative of the items I do own
I've gained more clarity about what I value and want in my space
I find myself wishing for new stuff less often
I'm less inclined to hang on to items "just in case"
(that being said, I usually keep everything I decide to part with in a box for several months to be sure
of my decision - this is purely personal preference but I find it very helpful to put me at ease, and I've found myself changing my mind and retrieving the occasional item)
Almost every item has its place which is comforting to me in itself, and it simplifies retrieving/putting things away
My wardrobe is easier to navigate due to being smaller, and coordinating outfits is easier as I've decided to focus on a few main colors that I love