I do this every year and it is always a nice start to the year. Clearing out old things, decluttering and sometimes finding things I forgot I had that I want to hold onto.
I already threw out a bunch of old clothes that were torn or ruined from work. It felt nice. I got a rod of some old kitchen utensils and will have to purge something again today. I have a few big things in mind that I have been planning on getting rid of for a while and just never get around to it. But soon enough.
The best part is, it makes room for new things.