Looking for some downsizing tips as retirement draws near? As you get closer to this transition time of life, you probably look forward to it with both anticipation and anxiety.
Many retirees spend years preparing for this season. It still takes a lot of thought, discussion and planning to accomplish your goals. One smart goal is to downsize. This allows you to focus more on the things that matter most to you rather than being owned by bills or material possessions.
What are some good tips as you figure out how to downsize better? Here are some ideas.
Decide Where You Want to Live
If you plan to downsize your home, you’ll likely be faced with the decision of where to retire. Do you hope to live near your grandkids and family? Also, are you interested in rural living, city life or something in between?
Other important questions could be how conveniently your home is located to the grocery store, library, doctor’s office and so on.
This is a good decision to discuss with your spouse or family. Take some time to weigh the pros and cons of each potential region you could live before choosing.
Figuring Out the Details of Downsizing Your Home
Along with this, you may wish to lower your taxes or housing costs in retirement while having less square footage or land to maintain. Either way, you’ll want to have the big house vs small house discussion.
Also, make a list of what’s most important to you for the house itself. Would you like a wheelchair-accessible home so it won’t possibly require expensive alterations later?
Now isn’t the time to hoard unnecessary possessions. Rather, it’s the time to let go of what you can so you have more time to spend on more important things like your family, faith and health.
Not only will you feel freer in retirement as a result, but you’ll be able to gift items to your friends and family. You can also donate these items to a local charity (just be sure to get a receipt for your taxes if you do)!
Renovate Ahead of Time
Downsizing for seniors shouldn’t involve moving into a half-baked house. Although there are times when moving into a house that needs work makes sense, downsizing for retirement isn’t one of them.
Be sure your home is move-in ready when it’s time for your transition. It’s not worth the risk of unforeseen and costly repairs. It’s also not worth the added stress of time or the concern of a potential injury.
Consider a New Home for Retirement
Another worthy option besides costly renovations is to have a new retirement home built for you. This gives you peace of mind that your house will stay in great condition throughout your retirement.
You’ll also have the added convenience of deciding what you need in a home for retirement. Downsizing your home for retirement definitely doesn’t have to be a stressful event.
Would you like to learn more about how Lake Michigan Builders can bring your retirement dreams to life? If so, feel free to reach out to us to discover the many benefits of downsizing your home. We look forward to making the next chapter of your life the best it can be!