Thinking of Downsizing? What You Need to Consider

If you’re a senior, there could be many reasons to move from your family home.

The house might be too big or cost too much to maintain, or the neighbourhood may be changing.

Following are some tips to help you make the decision:

Right-Size: Although you need less space, you want to maintain – or even enhance – your lifestyle. Do you want storage, room for guests, a workroom? Think about bungalows, bungalofts, condos and townhouses. Many offer those little extras you enjoy in your present home.

Consider All Options: According to statistics, three-quarters of seniors stay within 31 miles of their former home.

However, with the huge number of choices now available, you can comfortably look well beyond that.

Think About Retirement Communities: They aren’t for “old people” any more. Healthy seniors are flocking to newly developed retirement communities.

Moving in With the Children: Think long and hard before moving in with the children. Do you, or they, want the complex family dynamics that happen when three generations coexist in a small space?

Get Professional Help: A good real estate agent is vital. Consider one who specializes in helping older adults find the right housing fit. He or she may also be able to recommend other local professionals, mortgage specialists, stagers, antique experts and movers.