There’s a freedom that goes along with moving from a large house into one with less space. And for older adults, downsizing both their home and belongings is an excellent way to get more out of life. Keep reading for insights on the benefits of downsizing and ways to make the process go smoothly.
One of the biggest benefits of moving into a smaller home for seniors, and specifically those who’ve lost a spouse, is having an opportunity to let go of the life they once shared and begin creating new memories.
Seniors on a limited income will find downsizing a simple way to increase their assets. Assuming their current home is paid for, the money from the sale of the larger property could completely cover a new home and provide extra cash for medical expenses, emergencies, or to fund travel. Seniors living in the Paw Paw, Michigan, area should have no problem finding an affordable abode considering the average price has hovered at around $151,000 for the last month. The national average is $388,400, according to Census.gov.
A new place to call home
Obviously, one of the most pressing concerns regarding downsizing is where that will take place. Finding a new address isn’t always easy. Seniors should first consider whether they wish to purchase a new single-family home, condominium or multi-housing unit. There will likely be some compromises on amenities, location and price, especially for senior couples that may not agree on every aspect of their housing needs. Access to medical care, proximity to desirable amenities and safety are considerations along with housing style and maintenance needs. A single-story residence is typically preferred for seniors as these eliminate some issues related to mobility. Costs to make a house “elder friendly” must also be considered.
Just after finding a new home in importance is which items to keep and which it’s time to let go of. Before making any hasty decisions, a senior should evaluate the necessity and desirability of the contents of their home. Items that are not regularly utilized have no real value to the senior and may be best in somebody else’s home. Outdated clothing, books and novelty kitchen appliances are among the top contenders for the donation bin. Widows/widowers may have a harder time letting go, as their spouse’s belongings represents an important part of their life. It’s best to begin planning and packing well ahead of time – up to six months – to allow the senior time to grieve and accept the end of this chapter of their life.
Seniors in the market for a new home should partner with a real estate agent that specializes in senior home purchases. Further, a senior move manager can expedite the process and will help eliminate the potential for financial exploitation, which is sadly all too common among seniors. A senior move manager can manage the downsizing process while giving plenty of control to the senior. They’re experts in the field that can decrease stress on the family and solve any problems that arise. A Place for Mom advocates the use of senior move managers and explains how these individuals can get creative throughout the process.
For many seniors, moving to a smaller home offers independence. It’s a way to be free of bills and material possessions that don’t enhance quality of living. It’s a tricky process made easier by researching the size, location and availability of the desired housing market online and partnering with people who have the senior’s best interests at heart.
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Article provided by Michael Longsdon