How to Know When It's Time to Rightsize
When the kids leave the house, and you are ready to enjoy fun travel adventures in retirement, it might be time to “rightsize” into a home that fits your current lifestyle needs. You may be living in a home that was perfect for raising a family, but it’s now too large for your daily living.
Signs You are Ready to Rightsize
If you are thinking about “downsizing” or “rightsizing,” then pay attention to these indicators that are might be ready to move:
· Too Much Maintenance: Taking care of the yard and property is becoming a burden. You want to move somewhere with fewer responsibilities, such as a retirement community with an HOA to take care of these maintenance tasks.
· Aging in Place: As mobility and physical concerns are on the horizon, consider how the floorplan and layout will support aging in place. Make sure your retirement home allows for easier access, minimal stairs, and other mobility accommodations if needed.
· Desire to Simplify: Many people are looking to simplify their lifestyle so they can focus on the things that matter most: relationships with family and friends. This simplicity brings peace of mind and reduced stress because you have the optimal size of home to match your current requirements.
· Unused Space: How many areas of the house are unused? When you don’t have as many people in the house, guest rooms likely start collecting dust.
· Need to Reduce Expenses: Living in a house that is too big for your needs adds an unnecessary financial burden in retirement. Even if the mortgage is still paid in full, your costs are higher to keep up with utility bills, property taxes, and more. As a general rule of thumb, moving to a smaller home will reduce monthly expenses – helping to stretch your retirement savings.
· Spending Time on the Road: How much time are you spending on fun vacations and visiting your grandchildren? If you are rarely home, then there is no need to maintain a big property while you are away.
At Greenwald & Gerke, our team offers the support you need when it’s time to make a change in life. If you are looking for real estate services specialized for retirees, then call us at (844) 782-9674.
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