RIGHTSIZING? EMPTY NEST? READY TO DOWNSIZE?
Do you have rooms that aren’t being used? Stuff that you don’t remember using for the last ten years? Yard seems to grow bigger every year? These are questions that I ask myself as I approach the 60 year old mark. Am I really using all this space? Do I need all this space? Do my hobbies and passions require the home I am in or can I free up time and equity by finding a more suitable home?
Time, space, passions, budget and maintenance all play a role in staying or moving. The community and neighborhood, mainly neighbors can play a role as well. Some of us stay where we are just because our neighbors are so awesome! I know we have such thoughtful neighbors it would be hard to say good bye to them.
There comes a point in time when hard decisions just have to be made. Your home starts to become a ball and chain around your neck. Property taxes, water bills, heating, electricity and yard care are just too much. You really don’t want to rely on friends and family for constant help. Independence is still a top priority!
As I write this article my Father and Mother still live in the house where I went to grade school. In his 80’s it takes him all week to do what he did in a day. In a good way he keeps occupied and active. The yard looks like a photo out of a gardening magazine! So for now this works for them. I ask myself do I want to move when I am 85? Probably not! I know my Grandad stayed in his home after Grandma passed for at least 15 years. Alone and on his own. Family made frequent visits but still he was alone most of the time till passing in his 90”s.
In reflecting on when best to make a move it would be before my mid 70’s or when my health declines. Once you pass a certain age I think your move would be to assisted living. Not my idea of what I would want. Everyone is different.
Find out What Your Home is Worth
The Average Homeowner Gained $64K in Equity over the Past Year
The Average Homeowner Gained $64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price...
More Americans Choose Real Estate as the Best Investment Than Ever Before
More Americans Choose Real Estate as the Best Investment Than Ever Before Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth...
Why the Growing Number of Homes for Sale Is Good for Your Move Up
Why the Growing Number of Homes for Sale Is Good for Your Move Up Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know....
June is National Homeownership Month
How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community,...
Sellers Have an Opportunity with Today’s Home Prices
"IT'S THE EXPERIENCE" It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone. You may be wondering if prices are projected to rise or fall…or how much competition you may...
What’s on the Horizon for the Housing Market in the Second Half of 2022?
The One Thing Every Homeowner Needs To Know About a Recession
The One Thing Every Homeowner Needs To Know About a Recession A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an...
How Homeownership Can Bring You Joy
How Homeownership Can Bring You Joy If you're trying to decide whether to rent or buy a home, you're probably weighing a few different factors. The financial benefits of homeownership might be one of the reasons you want to make a purchase if you’re a renter, but...
Should You Update Your House Before Selling? Ask a Real Estate Professional.
Should You Update Your House Before Selling? Ask a Real Estate Professional. Some Highlights If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers...