Top 8 Things to Consider When Downsizing
~ By Linda Alexander ~
A move to a new home can be an exciting time — a whole change of scenery, a new type of living arrangement or realization of a life-long dream. If you are thinking about downsizing, here are some issues to consider:
1. Are you comfortable in your current home?
Something has sparked thoughts of moving, possibly your homeÕs size or safety issues. What would make you feel more comfortable, secure and happy? Even if you feel a move is necessary, the experience and end result can be a delightful improvement.
2. Is it financially wise to move?
Knowing the costs of the move is critical. Money from the equity in your current home may be more than adequate, leaving you with a cash cushion.
3. Where will you go next?
There are many options – from smaller, senior-focused, single-family homes to town homes or condominiums to facilities that offer assistance or independent living with extra services. Your unique situation will define the best choice for you.
4. Are you in control?
Can you be pro-active and make the choice you want? Procrastination might put the decision of where you live in the future into the hands of family or a trusted adviser.
Then there are specific real estate considerations:
5. What is your preferred location?
Do you want to be close to friends, family and services, and in the same general area or a whole new neighborhood? Moving closer to fun activities, such as outdoor amenities, shopping and entertainment, could be a big benefit to the move.
6. What does “downsizing” mean to you?
Is it a smaller living space, less yard work, fewer bedrooms or formal rooms? Maybe it is less home to maintain so you have more time for relaxation.
7. What do you need for optimal enjoyment?
Think about your daily activities and the rooms where you spend the most time. Those will be the major focus of the floor plan you choose. Design and layout have changed over the years, so you may find your next home offers great use of space and convenience.
8. What is your dream?
Let your imagination go. If there is a vision in your head, a home you have visited, a decor or style you have admired, maybe it is time to make it a reality.
Linda Alexander is a former Certified Public Accountant who has been listing and selling real estate in Colorado since 1993. If you have questions or comments, she can be reached at 303-475-3078 or email@example.com.