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
Trusted Professionals Make Homebuying Easier
How Trusted Professionals Make Homebuying Easier to Understand In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they...
The Overlooked Financial Advantages of Homeownership
The Overlooked Financial Advantages of Homeownership There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can...
Why the Electoral College Is So Important
Why The Electoral College Is So Important?
Reasons to Fall in Love with Homeownership
Reasons to Fall in Love with Homeownership Some Highlights: There are many benefits to love about homeownership, and they’re not all financial. Being a part of a neighborhood, driving academic achievement, and improving mental health are just a few of these...
Home Prices Are on the Rise This Year and to 2024
Home prices are appreciating, and they're forecasted to continue doing so through the next few years. Let's connect to see if now is a great time to make your next move.
How the Housing Market Benefits with Uncertainty in the World
How the Housing Market Benefits with Uncertainty in the World It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have...
The #1 Reason to List Your House Right Now
The #1 Reason to List Your House Right Now The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that...
Underwater with Two Mortgages? Here are 5 Ways to Refinance
Underwater with Two Mortgages? Here are 5 Ways to Refinance Having a second mortgage or home equity line can make refinancing an underwater mortgage nearly impossible, but one of these five strategies might bail out your refinance. The mortgage market is awash in...
Homeownership Rate on the Rise to a 6-Year High
Homeownership Rate on the Rise to a 6-Year High Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing...
How Pricing Your Home Right Makes a Big Difference
How Pricing Your Home Right Makes a Big Difference Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is...