Written By Michael Longsdon
Are you considering moving to a smaller, easier-to-manage home as you grow older? Many seniors want a property that is a lighter burden, both in terms of workload and finances. If you’re thinking a downsize is the right move for you or someone you love, here’s important information to help you through the transition.
Examine Your Options
Becoming more familiar with the housing market is a great first step toward selecting a property for downsizing. Know what’s available in the size and location you desire, as it means making informed decisions throughout the downsizing process. And it’s a simple as doing some online research. For example, homes in Coral Springs have sold for an average price of around $360,000. Pricing homes can weigh into your end decision in important ways. Many seniors pay cash for their new home, especially if the house being sold is owned outright. Buying with cash can mean a great deal of financial freedom and bargaining power, although it can also mean lost liquidity. Consider the pros and cons before taking the leap.
Cutting Down Belongings
For many people, one of the hardest parts of downsizing is winnowing down belongings. It’s important to start as early as possible on the process of decluttering, since it seems to always take longer than anticipated. Go through your entire house, room by room, making piles of what you intend to keep, what should be thrown out, and what you think you could sell or give away. Consider having a garage sale or selling items online, then you can take those funds and apply the money toward your move.
Your Perfect Place
Most people like the idea of growing older in their own homes, and with that in mind, it’s smart to look for a property with age-friendly features. Homes which offer single floor living, an open floor plan, and relatively wide doorways and hallways can mean easier accessibility should you ever require a wheelchair or walker. There are some simple home modifications many seniors opt to make, such as installing slip-resistant flooring, additional light fixtures, and lever-style door knobs. Pay special attention to bathrooms, since they can be particularly hazardous for older adults. Look for sufficient space to maneuver, and if you’re considering a house not already equipped, plan to add safety features such as a taller commode and grab bars.
Since the bathroom is such an important part of the home, it should meet as many of your needs as possible. However, if the rest of the house is perfect but the bathroom needs a little work, you always make upgrades down the road. Of course, you’ll need to figure those costs into your budget; the price of a bathroom remodel in Coral Springs, for example, runs between $5,250 and $14,000, so setting aside money for the project is very important.
Boxing Things Up
Packing an entire house is a big job, so allow ample time for the process. The Spruce recommends gathering all your packing supplies together and having plenty of boxes before you begin. Don’t overload boxes and make them too heavy, and pack weightier items on bottom. Make use of all the space in each box, and let items you’re packing do double duty, so things like socks can become packing material for fragile items. Label boxes plainly and boldly as to their contents and room designation so you’ll be organized when you reach the new home. If all this packing seems like an overwhelming job, consider bringing in some help. The average cost of hiring a home organizer is $40 to $50 per hour.
Hiring Help with the Move
Movers have a reputation of being scam artists, and while there are many excellent professional moving companies, you should be wary of red flags. Someone should come to your home to review what will be included in the move, rather than giving you a quote sight unseen. You should not have to pay upfront, nor should the mover claim damaged items will be covered by their insurance. Ask around for references and check with organizations such as the Better Business Bureau or the local Chamber of Commerce for recommendations.
Downsizing is a great choice for seniors. Make sure you think through options carefully, and be thoughtful in planning the move. Having a home that’s easier on you financially and physically can mean making the most of your golden years.
To learn more, contact Michael Longsdon at Mike@elderfreedom.net and make sure to visit his website at www.elderfreedom.net!