How to prepare for downsizing

Thinking about downsizing?

Answering these questions will help your decision-making process

Financial Considerations
Does it make financial sense to downsize?
Do I need to make a certain amount from selling my home?
Will there be tax implications to downsizing?
Would it make more sense to rent than buy?

Housing Options & Preferences
Should I consider a condo instead of a smaller house?
What type of home do I want to live in? (Single-family home, condo, 
   independent living community, moving in with adult children)
Where do I want to move?
Where will I park?
How involved am I with my community? 
Should I move closer to a family member?

Practical Living Needs
Does the floor plan still meet my needs?
Are all of my bedrooms on the second floor?
Are stairs required to access my laundry room?
Are home and lawn maintenance more challenging?

Belongings & Space Management
What's my plan for my belongings?
What will be different about my storage space in a new home?
How does the square footage of my current home compare to my destination?

Personal Readiness & Motivation
Am I ready to downsize?
What is my goal with downsizing?
What am I most excited about leaving behind?

When you're ready to talk to a real estate agent about your move, reach out to us. We have extensive experience helping families through the process and we understand the logistical hurdles and emotional aspects that are often overlooked.