Empty nesters.How to ease the task of downsizing

It’s a prospect that many homeowners dread. The thought of downsizing from a single-family home into a condominium or apartment can be daunting and stressful.

A broker often helps clients downsize. When the process of downsizing is not rushed, our clients are more able to make decisions that serve them well. “Flexibility is the best negotiation tool you can have when you’re buying a new property.  We can best serve our clients when they agree to meet with us  early in the process and show  their current lifestyle.”

“Empty-nesters who have been in their homes for several decades tend to have a lot of stuff,”. “Sometimes, they have to make peace with the idea of downsizing because it can be overwhelming. They have so many beautiful memories tied up in their homes.”

The first question downsizers should ponder, she says, is where they want to move. “Depending on their financial situation, they can buy or rent “What is more important? Location, lower condo fees, amenities? You narrow it down based on lifestyle and budget.”

One misconception that owners of single-family homes may have is that moving into a smaller space will enable them to pocket the extra money from the sale of their property. However, downsizing to a costlier location—such as moving into the city from a suburb—can cancel out those monetary gains. “You may end up paying the same or more for less space if you move into a more upscale area, “It’s not such a problem when you stay in the same area.”

For many, there is an emotional wrench to parting with belongings, however, the process is easier if people donate their excess possessions to others in need, such as refugees.

Measuring floor space in a new home can inform homeowners of how many possessions the new space can accommodate. And they can have a sense of continuity by arranging items in a way that’s similar to the home they’re leaving,

We counsel against putting excess belongings into storage units. “If you do that, you’ll end up paying twice to move the stuff. Financially, it makes more sense to get rid of stuff before you move.”

 Planning on downsizing?

Please give us a call!

We have a lot of helpful tips for you and can help you plan an easy move!

514-947 8863