You plan to live in a smaller home: empty nest syndrome, retirement, lighten your loads, loss of autonomy, need for something new, separation, several reasons can lead you to this decision.
And you are not alone! In 2021, seniors (65 years and over) made up 20% of the population and 75% are owners; they will form 25% of the population by 2030, so many people will want to move into a smaller dwelling; this trend will only be accentuated in the coming years.
In addition, with COVID, the rate of separation and divorce has increased considerably.
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How to succeed in this step? What should be done to successfully move into a smaller place to live? Here are seven things to consider:
1. How much space do you really need?
Estimate the size you really need, the type of housing (semi-detached house, chalet, condo, apartments for seniors, etc.), with or without land, and your expectations. What budget do you want to devote to it?
2. Define the desired lifestyle
What quality of life, what recreation and what nearby services are required? Will the costs of moving and buying a smaller property be more expensive than your current home? Is it a desire for change or is it a real need? Will you reinvest the profits from the sale? City or countryside?
3. Validate your possibilities
Confront your expectations with reality. Visit homes, discuss this change with people who have made it. Do you see yourself in this situation yourself?
4. Declutter the house
Over the years, we accumulate a lot of goods. Give back memories belonging to children, get rid of certain furniture that has become useless or too big, papers and other effects from work. Sorting is an emotionally demanding process.
Sometimes it takes up to a year of sorting before you sell the house. Determine what you should keep and then determine what you should redistribute, give away, sell or throw away.
5. Sell furniture and functional objects
Giving a second life to items that are still in good condition can make others happy!
6. Plan what new needs will be filled
Furniture? More transportation? Time shared between two residences, at the chalet or as a snowbird?
7. Welcome the change
Certainly, a chapter of life ends and a new one begins. It is both joy and mourning. Give yourself a reasonable amount of time to adapt and I can tell you from having experienced it with members of my family, it takes time.
Get the kids or friends to help you declutter the oversized house.
A sale of garage can make a very large amount of property disappear quickly without much effort.
Have the home you are selling appraised by a real estate broker or appraiser to ensure that you will get the maximum price.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128