Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Senior Housing • September 18, 2024

Retirement decision: Time to downsize or upsize?

by Eugene "Jim" Hills
House with a pool
House with a pool

Perhaps a little house, or pool, maintenance would be OK after all.

The idea of retirement can open new horizons and prompt plenty of decisions.

When it comes to considering “where to retire?” one of the first questions to answer is: Are you might deciding between buying (or even building) your dream home with all the space and amenities you’ve always wanted … or …  downsizing to a property that’s easy to care for and isn’t a worry when heading off to new adventuers?

Each option has advantages, depending on your lifestyle goals:

Downsizing

  • Lower maintenance: Less space means less upkeep, giving you more time to relax.
  • Cost savings: A smaller home can reduce living expenses, freeing up funds for travel or hobbies.
  • Simplified living: Fewer possessions and a cozier space can lead to a more stress-free life.

Upsizing

  • More space: Room for visiting family, hobbies, or even a home office for part-time work.
  • Entertaining: Larger spaces are perfect for hosting gatherings with friends and loved ones.
  • Luxury living: Upgrade to a dream home with all the amenities you’ve always wanted.

For more helping on picking a path, keepingcurrentmatters.com has compiled more information that can be helpful.

#SeniorLiving #SRES #SeniorSpecialist

Related Articles
Senior Housing Family connections big factors in housing decisions Housing decisions by seniors often involve more than just finding a new home. A next-step for longtime homeowners are often heavily influenced by family, community connections and planning for the future. Here are some eye-opening facts from real-estate industry sources: 16 percent of home buyers are over 69 years old according to the National Association […]
Senior Housing To sell or not to sell, that is the first question Many homeowners in the baby-boom generation are living in goldmines. In the U.S., 38 percent of residential real estate owned is by those age 60-78. That group of homeowners have built and incredible level of home equity—72.7% of total residential real estate value, the highest since 1958. While those are impressive numbers, the big question […]
Senior Housing Make decluttering simple: Start with the duplicates How many whisks are in the kitchen utensil drawer? How many sets of no-longer used sheets in the linen closet? For those homeowners thinking about downsizing, here’s a simple tip to get started: tackle the duplicates. Go through every drawer, cupboard and closet, and pull out the items you have more than one of and […]