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Downsizing? Here's What To Expect

Dated: January 30 2024

Views: 265

Whether the kids have moved out or you just aren't using the extra bedrooms, having a house that feels 'too big' may not be right for everyone. In today's post, I will share a few changes you can expect when you downsize from a large house to a smaller house, apartment or condo.

Why Downsize At All?

As you might imagine, having too much space is the primary reason that couples and families downsize. Larger homes cost more to maintain and can feel empty if it's just one or two people living there. In many cases, old items and clutter tend to build up as there is so much storage space. Downsizing to a smaller home helps to maintain a lifestyle that is more efficient but no less luxurious.

Ask Yourself: Are You Ready?

Another consideration that you will need to make: are you ready to move? If you are retired from work, then you likely have enough time on your hands to manage a move. Conversely, if you and your spouse are both working full-time and live near your workplace, you may want to source a smaller home nearby.

Don't forget that if you own the house you are living in now, this might mean having to list and sell it while buying your new home. This is a common situation and isn't a significant problem, but it will require a bit of scheduling and financial planning.

The Hardest Part: Choosing What To Keep

Ask any couple or family that has downsized their home about the toughest part, and many will share that it was choosing what stays and what goes. When space is at a premium, everything from shoes to appliances needs to be considered.

Spend some time going through each room in your house, taking an inventory of what you have. Are there any family heirlooms or other emotional items that you can't part ways with? After that, is there anything that will be usable in your new home? If you have children, have them come over and see if there may be some things they may want for their own homes.  Once that is done, everything else should fall into three categories, sell it, donate it, or toss it out.

Moving to a smaller home can seem challenging at first, but it is a lifestyle choice that can pay significant dividends. You will have much less space to keep clean and maintain which will leave you more time to enjoy your extra curricular activities and hobbies

When you are ready to make a move, contact me. I can recommend professionals to help with the downsizing, packing and moving. 

 

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Sara White

Licensed in real estate since 2009, Sara White helps buyers, sellers and investors throughout Collingwood, The Blue Mountains, Clearview, Wasaga Beach and Southern Georgian Bay. Known as The Property....

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