Senior Elderly Downsizing means less time, stress and money spent on upkeep
When you’ve got too much house it’s time to think simpler. It seems like only yesterday you were having your first child and setting up a home for a growing family and now it is time to free yourself of that large outdated home that is eating you alive. You can’t see putting tens of thousands of dollars into something only to be able to sell it and to have someone else enjoy the improvements.
Fast forward to today, when your youngest calls to say she’s found the perfect apartment and that the chair from the family room would really fit into her new living room. Your downsizing journey has officially begun.
Most American families have plenty of room to size down without cramping their style. It’s safe to say homeowners typically don’t daydream about buying a smaller home. But minimal maintenance is definitely an upside to not living large. After all, the time and money you used to spend on cleaning and upkeep can now go toward fun things. That’s why some people see downsizing as a step forward, not backward. If you’re thinking less space is the place, you’re not alone.
LESS IS MORE
Moving into a smaller home may feel like a step down, but a closer look reveals quite a few upsides. A smaller home means less space, but it also means less time, stress and money spent on upkeep. Think of all the fun you could have if you didn’t have to polish your miniature unicorn collection every weekend. You just might find a whole new world outside your door!
Shrinking your square footage might mean your family has to gather around one TV at night instead of spreading out across three or four different rooms. But is more time with the ones you love really all that bad? It just might be the kick in the pants you need to spend more quality time together!
One question I always hear when the topic of downsizing comes up is: “Where will I put all my stuff?” Here are a few ideas: your neighborhood yard sale, eBay, or Craigslist. That’s right—sell it and take that money to the bank. Ready to downsize but don’t know where to start? Get in touch with a real estate investor in your area who is recommended by more than any other
DOWNSIZING TIP
DOWNSIZING TIPRarely is a Reverse Mortgage a wise decision for homeowners. Reverse Mortgages have many hazards and fine print earning it the name Loan of Last Resort. We recommend seeing if and how we might be able to save you time and money by completing our seller questionnaire.
IS DOWNSIZING RIGHT FOR YOU?
Downsizing might not make sense in every situation, but it’s worth a look if saving money and simplifying life appeal to you. Ask an experienced real estate agent to help you determine what your home is worth and show you options for cutting costs down to size. A true pro knows what it takes to get top dollar for your current home and negotiate the best deal on a new one.
Ready to downsize but don’t know where to start? Lets run the numbers to see if its a good fit. Get in touch using the simple questionnaire form. From there you can consider selling your house in order to downsize or We can put you in touch with a financial planner I recommend in your area.
HOW YOU KNOW IT’S TIME TO DOWNSIZE
Choosing less space often has to do with a desire to live simpler, whether you’re retiring or just want an eco-friendly, low-maintenance lifestyle. When children grow up and move out of the family home, for example, Mom and Dad are left with an empty nest that’s too big for them. Or if adult children have moved out of the area, parents may want to live closer to them and the grandchildren.
Many adults 55 and older are leaving the suburbs behind and moving into condos or lofts in downtown areas. Not only are these homes easier to maintain, but they are also in walk-able neighborhoods with easy access to amenities such as culture, restaurants and nightlife.
BAD THINGS HAPPEN TO GOOD PEOPLE
Sometimes the choice to downsize isn’t actually a choice. Sometimes bad life events happen to good people. Events such as a divorce or unemployment are unexpected and force you to find a smaller home for financial reasons.
Some life events, such as a divorce or unemployment, are unexpected and force you to find a smaller home for financial reasons
WHAT TO CONSIDER BEFORE DOWNSIZING?
Downsizing can mean less time, stress and money spent on upkeep. So the questions to ask yourself are as helpful:
Does size matter to me?
Will I miss some important things about a more spacious home?
How will other life events affect my living in a smaller home?
How much will it cost to get rid of the stuff I don't need or won't fit?
How much will I get when I sell my current home, and will it help cover the cost of buying my new home?
How much will it cost to replace the furniture?
Ready to downsize but don’t know where to start?
Get in touch with America’s most trusted real estate investor, who is recommended by more than any other. We can help solve your problems by purchasing your house quickly with no fee. It’s completely confidential, costs nothing and you’re under no obligation. See if your house qualifies by sending in our simple, secure seller form.
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