As you get older, it’s normal to begin considering downsizing your home. After all, a smaller home often means lower costs in terms of mortgages, utilities, and more, plus it’s easier to maintain and manage. However, downsizing your home isn’t something you do every day, so it helps to be prepared. Here are 5 things seniors should know before downsizing their homes.
Make A Plan
Once you’ve nudged your way through the list of must-haves, take time to make a list of your ideal housing features. These could include any additional features such as a specific style, proximity to your closest locations, whether or not you’d like a yard/pet friendly house, and so on. Doing a bit of research online can help you to narrow down your list and give you a better understanding of what is available within your budget. Once you have your list, it’s time to get serious about finding a new home. Make some calls and start to look at houses in your area that fit your criteria, take notes and prioritize your desires. When you do visit a home, be sure to take detailed notes and pictures so you can look back later and determine if a house is the right fit for you. Always keep your list handy and prioritize your must-haves so you never miss the perfect house for you.
Evaluate Your Current Belongings
When you decide to downsize, analyzing and evaluating your belongings is an important part of the process. This could also be an emotional process, as you part with items that have been a part of your life’s story. One way to approach the evaluation is to make three piles: keep, donate/sell, and throw away. You should only keep items that are truly necessary, multi-purpose, or that have a lot of sentimental value. The items that you don’t need can be disposed of properly. When evaluating items, keep in mind the space you will have and if the item could be repurposed and used for something else. Also be sure to give yourself plenty of time during this process. Don’t rush through it as you might make choices you later regret.
Research Different Living Options
It’s also important to research other options such as apartments or condominiums, senior-friendly neighborhoods and adult only housing. Other things to take into consideration are access to amenities such as fitness centers, outdoor activities, and restaurants. Consider what kind of lifestyle you prefer and look for homes that provide access to those things. Do your research to decide whether you’d prefer to live independently or in a community setting. What type of lifestyle and activities are important to you? Different living options have different features and levels of assistance, so it’s important to consider what you need and want before choosing. Additionally, consider the cost of each option. Are there advantages such as reduced taxes or lower mortgage costs? Research what kind of assistance is available if you need it. Determine what kind of financial aid or assistance could be available so you feel comfortable with your decision and understand the associated costs. This can help you narrow down your options and decide what type of living environment is most suitable for your needs.
Don’t Forget To Consider Storage Solutions
Still have items you want to keep but need to figure out where to put them? Consider renting a storage unit in your new city or talking to your future living facility about things like climate-controlled storage and accessibility.
Ask For Help If Needed
Finally, don’t be afraid to ask for help during the downsizing process. Whether it’s professional movers to help you move your belongings, an estate planning attorney to help you get your affairs in order, or a real estate agent to help you find the best home for you, there are plenty of people who can lend a hand.
Downsizing your home is an exciting step in a new chapter of life. It can be overwhelming to think through the process and figure out exactly how and what to do. With a little planning, research, and assistance, you can make the transition to your new home smoother and stress-free.
Consider a direct sale to Down South Florida Home Buyers, which can be a much better option for you! We take the time to listen to your situation and understand your goals for now and the future. At Down South Florida Home Buyers we are happy to help you with this decision, if listing with an agent is a better option for you, we will tell you so. Should you choose to work with Down South Florida Home Buyers you can just pack what you want to keep when you are downsizing, by selling your home in Alava directly, without any more showings to worry about. You can also save all the time and costs involved in a deep clean of your larger home when you sell directly. In many cases you can just leave behind any items you would rather not take along to your new residence. You can leave the monthly payments behind too. Working with Down South Florida Home Buyers means eliminating most of the normal fees associated with traditional closings. The price Down South Florida Home Buyers offers is the price you get. You will also forego the fees normally associated with the required reports from appraisals and inspections in most cases. Especially on newer or more recently renovated properties. Send us a message or call Down South Florida Home Buyers today at (239) 766-6225 to learn just how quickly we can help you start saving money!