We have had clients come to us wanted to downsize but then get a little ‘stuck’ in that process. Where to begin, where will we downsize to, how will begin the process of downsizing all that we have accumulated over the years. Indeed, it is quite a move, especially if you have lived in a house for many years. So here are some useful steps to help get you started in the process
Step 1
Look at your financing and how you will do this. There are definitely options, especially if you have equity in your current home. Once we know how the finances will work out, we can then structure a move around that to avoid as much disruption to you.
Step 2
As with anyone moving, there are usually a lot of things you keep in the house that probably don’t serve you in the next move. Take a room at a time, and start to declutter. There are companies out there which will help you with this if the task feels a little overwhelming.
Step 3
Start to identify homes that may work for you. I think the term ‘downsizing’ is misleading. We should call it ‘right sizing’. The reality is, you may not be cutting your purchase price down in half and may end up with a home that is a similar price. Some people do choose to go to a much smaller home, but whatever the price point, remember that the new home is a home to serve your new needs in life.
A phrase we like a lot when consulting with clients is “Why Not Now”? So if you have a dream to make a fresh start, wherever that may be, please reach out to put a plan in place.