If you’ve been on our social media or read previous blog posts, you know we love top 5 lists. With summer here and graduation season just finishing for many, our thoughts have turned to empty nesters and life changes. How do you know when it is time to downsize your home? Our top 5 reasons are:
- Aging in Place
Does your home accomodate needs like a first floor bedroom, ability to install wider doors, curbless showers, grab bars, or a ramp if needed? - Expenses vs. Budget
Are your mortgage and/or costs of maintaining your home too high? Do you have a contingency fund for large repairs? Smaller homes are typically less expensive to maintain – from taxes to insurance to utilities. - Maintenance and Gardening
Do you still want to cut grass, trim shrubs, clean the pool, or make minor repairs? If not, it may be time to think about other options. - Do you use your whole home?
Are there rooms in your home you don’t use? Tired of running up steps? If so, it may be a sign to think smaller. - Location
Are you too far from family? Tired of winter? Want to live and explore somewhere different? Pro tip: While it isn’t pleasant to think about, some will have health and aging challenges that will be made easier if you transition close to family before a need arises. You can more easily establish connections and support systems before dealing with a crisis.
Whether it is finding the right place to retire, finding a family home, or finding a second home the kids and grandkids want to visit, or selling a too-large home, we can help. Our agents are a great source of information on Southwest Florida and can even help you find a realtor outside our area through our connections with Leading Real Estate Companies of the World. Give us a call at 941-637-6116 or email at info@fivestarrealty.com.
