When your children are grown-and-flown, or your retirement is on the horizon, it is time for some decisions to be made.  Do you still need all the space you currently own? Do you dream of selling your home and traveling the world? No matter what your reasons are for downsizing, let these tips help smooth the process: 

 

  • Jot down your ideas, and talk with family and/or friends, share your thoughts, and have some of them help you start a Downsize Plan. 
     

  • Think practically before you finalize your decision: 

  • - Do you want to stay in the general area you are currently in or do you want to move across the country? Compare your home’s value to the locations you are interested in, making certain it is financially wise to relocate there. Even a move across town to another neighborhood could cost more in the long run. 
     

  • - Maybe you have dreamed of traveling, and RV-living is more to your liking. If you think this is what you want, it may be a good idea to rent a travel vehicle for a long trip before you make a costly purchase, just to get an idea of RV life. 
     

  • - Are you tired of maintaining the yard and exterior of your home? Maybe a condo or townhome is right for you. 
     

  • If you decide to sell and move to a smaller home, the first step of the moving process is going through your belongings. Sixty&Me.com has some extreme but practical advice to help you start this emotional task. 
     

  • Do your children still have belongings stored in your attic or spare room? Have them pick a date to come over and go through them. They need to be aware that this is their last chance to have their things donated, thrown away, or keep them. Otherwise, you will be making those decisions. 
     

  • With a lifetime of “stuff”, it may simply be impossible to begin the first step on your own, and this is where a pro may help. Professional organizers do not only clean up closets, there are those who specialize in home clean-outs and downsizing.   
     

  • A smaller house means less space for your furniture. Find out if any family members want the pieces you will not take with you or get ready to sell or donate your pieces. Some thrift stores will refurbish the items, and domestic violence or homeless shelters can always use practical pieces in good condition. 
     

  • Once you finalize your decision, get in touch with a real estate agent. They will not only help you sell your home for the best price, but they can also assist with finding your new home! 

 

If you are getting ready for retirement or dreading the thought of the last child leaving home, downsizing can be something to look forward to--a new beginning! Whether you decide to travel the world or settle in a houseboat, your Realtor® will help you through selling your nest, every step of the way. 

 

Courtesy of Chester County PA Realtor Scott Darling.

 

Photo credit: copyandsend