There are a variety of reasons to downsize to a smaller home. Maybe you want to save money on your mortgage. Perhaps your children are grown, and you no longer need as much space. Or perhaps you’re no longer interested in the cleaning and maintenance required to maintain a larger home.
But whatever your reason, if you’re planning on downsizing, there are some things to keep in mind to ensure your transition from a larger home to a smaller one goes smoothly.
A recent article from realtor.com outlined tips to help seniors downsize to a smaller, more manageable home, including:
Learn which expenses will be involved. You may be purchasing a smaller space. However, buying a home, no matter the size has associated costs. Be sure to factor in all your expenses. These can include closing costs, moving costs, and any renovations or repairs you’ll need to make in your new place. This way, you know how much to put aside for your purchase.
Measure your new space. When you downsize, you have less room to work with, which means much of your furniture may not fit in your new home. Before moving, be sure to measure your new place; so that you can evaluate what existing furniture you have which will go with you to your new home, what you’ll need to sell or donate, and what (if any) new items you’ll need to buy.
Now is a great time to get rid of things. Again, downsizing to a smaller home means you’ll have less space, and the last thing you want to do is fill up that space with unnecessary clutter. Before you move, take stock of all of your belongings; if it’s something you no longer want, need, or use, get rid of it before you move.
I would love to downsize but the thought of moving is so overwhelming I am seriously dragging my feet.