How to decide to downsize?
Should I downsize my home?
Moving is a difficult process. Answer these questions to help you decide:
If your family lives in different cities or even different states you’ll have to pay for help when you eventually can’t take on projects yourself. Things like home maintenance yard work and going up and down stairs get difficult with age. Most older people rely on family to help them with these things. If your family is distant though how do you plan on keeping up with the house? If you believe this will be a struggle then downsize and sooner rather than later lastly will someone inherit your house. This is a delicate question but if you have children, grandchildren or other kid asks them if they want the house after you pass, if their answer is no downsizing is a good option.
You have to think about the future of your home once you’re gone. Estate planning is a difficult process and smaller less expensive homes are easier to manage than a larger one.
Downsize my home
You face a huge desition. Should you downsize your home? Less space means less upkeep and lower costs. But moving is a difficult process so, it worth it? Answer these five questions to help you decide.
Don’t make the decision to downsize lightly; there’s a lot of work involved and a lot of money on the line. This five-question will help you answer the biggest question of all. Should I downsize my home?
- How high are your mortgage payments?
The closer you get to retirement the less debt you should have since you won’t have an income. If you still have a huge chunk of your mortgage to pay off in your current home downsizing can take some of the financial strain off. But be careful, a smaller house doesn’t necessarily mean a cheaper house if you live in an expensive market make sure you sell your home for a price that’s higher than your new home. Then ask yourself, can you really afford to move? Moving is expensive so prepare to spend a lot of time and money moving into a downsized home. Professional movers can cost upwards of $2,000 for local moves and sorting packing transporting and unpacking belongings takes a lot of time which brings us to the third question.
2. Can you say goodbye to your belongings?
Your big house is filled with furniture, electronics, decorations and appliances that won’t fit in a smaller house or apartment. Top Savannah real estate agents Steffany Farmer says that downsizing belongings is the hardest part “it’s very emotional for some people and I understand that completely if you downsize but then you keep a bunch in storage. I don’t think you reach that in goal because the angle was to have lees right to simplify”. If you decide to move it’s time to read about organizing and decorate with less but remember: less is more!
3. Do you live near family?
If your family lives in different cities or even in different states you have to pay for thins like home maintenance, yard work, etc. how you will keep up with the house?
4. Will someone inherit your house? You have to think about your future.
Answer all these questions to help you decide if you should downsize your home. And remember always that a senior community can provide you a lot of positive experiences and health support. This means you can look forward to living around others who have similar life experiences as yourself.
A video from Homelight