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

Now’s a Great Time To Sell Your House

Now’s a Great Time To Sell Your House

Now’s a Great Time To Sell Your House Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move. Here’s something else to consider. According to the latest Home...

The Perks of Downsizing When You Retire

The Perks of Downsizing When You Retire

The Perks of Downsizing When You Retire Some Highlights If you’re about to retire, or just did, downsizing can be a good way to try to cut down on some of your expenses. Smaller homes typically have lower energy and maintenance costs. Plus, you may have...

Utah Licensed Real Estate Agents

In the past, we have had over 30,000 Active licenses. At the End of 2023  here is where we stand. Data is sourced from the Utah Division of Real Estate 22, 853 Active Licensees Sales Agent - 18,517 Principal Broker - 2442 Branch Broker - 171 Inactive - 4016   In...

3 Helpful Tips for First-Time Homebuyers

3 Helpful Tips for First-Time Homebuyers

3 Helpful Tips for First-Time Homebuyers Some Highlights Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help. Look into homebuyer programs, expand your search area, and consider...

What Are Experts Saying About the Spring Housing Market?

What Are Experts Saying About the Spring Housing Market?

What Are Experts Saying About the Spring Housing Market? If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here's what the...

NAR Lawsuit Update – How does this effect Utah Realty?

NAR Lawsuit Update  What we Know.... The NAR has reached a settlement agreement on the class action lawsuits relating to the offer of compensation rule. Details are in the link below. There is much to digest and more info and training will come out in the days ahead....

Pin It on Pinterest

Share This