Is Downsizing Right For You?
Sunday Jan 07th, 2018Share
If you have ever considered downsizing there are a few things you need to consider first. The decision to downsize is a personal one.
What I’ve found is that there are three common reasons a person might decide to downsize: a smaller home has lower expenses, is easier to manage, and demands lower maintenance.
Though downsizing comes with it’s fair share of difficulties, as well. One of the greatest is purging one’s belongings. When you downsize your home, you must also downsize your belongings.
Additionally, there are a few times downsizing isn’t a good move. Many retirees see downsizing as their best, or perhaps only, option; but, a large home may actually be a plus in some cases.
For example, if there’s an outside caregiver needed on the property, it can be helpful to have a spare bedroom and bathroom available. This is also the case if you have family members living far away who would need accommodations during visits.
If you do move forward with the process of downsizing, there are still a few things to keep in mind. Many of these are things that you might not even consider.
“Having a conversation with a real estate professional is the best way to come to a decision about downsizing.”
Besides just a smaller space, downsizing also means less storage and privacy for a family.
It’s important to consider your current and future circumstances before downsizing. If you anticipate someday having grandchildren, for example, having extra space could be a plus.
Ultimately, having a conversation with a real estate professional like myself is the best way to come to a decision about downsizing.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
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