There comes a time when most everyone re-evaluates their lifestyle. This can be for several reasons, but cost, up keep and health care-related issues are usually at the top of the list. And for many people, the big house with the pool or one that requires a lot of lawn maintenance isn’t as important – or as needed – as it once was. What’s more, the costs of owning and keeping a property can add up to thousands of dollars each year.
Even still, the thought of moving out of the family home can be difficult for homeowners and grown children, too. But downsizing doesn’t have to be about losing things – it’s about freedom and independence.
When you think about downsizing to condo living, independent living communities or assisted living communities, it can mean breaking free of financial burdens often associated with things or services that aren’t serving you well anymore. Imagine cutting these costs and keeping that extra cash in the bank! You could even put that money toward services to make your life easier – like laundry, housekeeping or eating out more frequently with friends.
When it’s time to move to a smaller and more customized space, I encourage my clients think about the positive – fewer bills, less responsibility and reduced liability. When you ‘rightsize’ you have more options – and more cash.
If you’re thinking that your large family home – that once suited your family’s needs perfectly – is no longer meeting your needs, we’re here to help you consider the options, not fear them. There are many ways of downsizing that don’t include selling everything you hold dear to fit into a one-bedroom apartment.
It’s been a privilege for me to work with families – sometimes for several years – as they go through the process of deciding to move, finding the best new place, and then selling their existing home. It can be emotional, but it’s also really rewarding.
Are you thinking about making a change? If so, we’re here to help you find affordable options that fit your life now, create savings in fees, taxes, upkeep and liability, and provide peace of mind. What could be more relaxing than that?