Eight things you should know about downsizing

If you're starting to feel like you've got too much house, you should consider the following downsizing tips. Some people thrive living alone, but many mistakenly think that living independently keeps them thriving, and that just isn’t so, says seniors real estate specialist Shelley Williams. Living in a house can contribute to isolation, feelings of helplessness, and contrary to popular thought, a loss of independence, especially if you need help from neighbours. A one or two bedroom condo not only offers less isolation, it’s a lot less work to maintain. We give you other things to consider when making the decision.


It won’t happen overnight

When making the transition from house to apartment, it is about a two-year process, so think ahead, advises realtor Shelley Williams.

“Unlike most deals, where the realtor finds the buyer a house, negotiates the deal and presents the contract, the process with a senior is much longer and more comprehensive.”

Some people have a house that needs top-to-bottom de-cluttering before they can even think about moving.

“Some of them have 30 years of stuff in the basement,” says Williams.

Then there’s the lengthy process it takes to find a new place, which will need to work with what you need and, in the case of older residents, will need to be senior-friendly.

Consider your needs and resources

How soon would you like to move? How much can you afford to pay for a place? How much space do you need? Would you like a view or pet-friendly building? Are there relatives or friends who can help with de-cluttering and moving?

“Once I find out what makes sense for them, then we start to make arrangements to poke around and look at properties,” says Williams.


Read more: http://money.ca.msn.com/retirement/gallery/eight-things-you-should-know-about-downsizing

No comments

Post Your Comment:

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.