Are You Ready to Downsize?
by teamdrake | Mar 16, 2020 | Downsizing, Education, Resizing
As we open the beginning of a new decade, how do you know if 2020 is the right time to downsize? As you graduate to the next chapter of your life, what questions should you answer?
- Do you want/need one level living?
- How many bedrooms do you need?
- Would you consider a stand alone home, townhome or condo?
- What about yard space?
- What financial considerations do you need to keep in mind?
Once you have thought about these things, don’t keep them a secret. Getting rid of belongings can be difficult especially if your grown children remind you of all the memories each item contains. Remember this…memories go with you in your heart, not in objects. It is also a great itme for the kids to take items they cherish and you no longer need.
As we age it is hard to think about mobility issues but a one level home can be great for open spaces when family comes to visit. You can explore homes that have FEMA safe rooms rather than basements. A fun fact–basements can add $50,000-$75,000 to a home’s cost! This makes for expensive storage.
Some townhomes and condos have a Home Owners Association. This may not be for everyone, so be sure to ask about the cost for local lawn care and snow removal.
When you gather all the facts you may find that you don’t downsize in square footage but “resize” or “right size” based on your changing needs. A Realtor™ can help you find the right fit.
Don’t fret! It took Goldilocks some time to find the right place. With some thought, shopping and planning you can find the perfect fit as well.