What Are You Looking For In A Home? Part 3: Downsizing
In the last part of our three-part series on “What Are You Looking For In A Home?” we'll be looking at those homeowners that are looking to downsize their home. Homeowners that are looking to downsize are usually those that have become empty nesters whether their kids have families of their own or have moved on to college.
Here is a list of things homeowners consider when they are looking to downsize:
- Plan ahead
When planning to downsize, think about items that might cause issues down the road such as stairs for example. Has you get older, it might be harder to get up and down stairs. If you do decide to put in stairs, consider putting your master suite on the ground floor.
- Consider costs
It might be easier to just move into a condo or a townhome when downsizing because you don’t have to deal with maintenance, but consider all the costs that are associated with that. These costs include association fees and assessment fees if the building were to undergo a renovation project.
- New life, new priorities
When you downsize a home, you have much more freedom and money to add the things that you have always wanted in a home. This could mean that you spend a little extra money on the kitchen of your dreams or spend the extra money on the backyard you’ve always wanted.
- Build for your belongings
Make sure that if you aren’t getting new furniture that you build according to the space you need for all of your belongings to fit. If you plan on buying new furniture, take that into consideration when you are calculating your added expenses.
- Finding an age-friendly community
When you are searching for the perfect spot to build your new, kid free home, find the perfect community for you to still be able to have fun. Building in an older neighborhood will increase your chances of having neighbors that are your age and are going through a similar experience.
Pitfalls Of Downsizing
- Fewer belongings
With downsizing comes less room for everything you owned for a bigger home. You will have to sort through your current home and put things in storage that you don’t have room for/ don’t need in your new, smaller home.
- No room for guests
If you are downsizing, then you are probably not planning on putting in a bunch of guest rooms. Any family that is coming to visit might need to stay at a hotel and hosting large dinner parties might be out of the question in a smaller home.
Why Is Homestead Homes Perfect For “Downsizing” Builders?
Homestead Homes is here to provide excellent services and expert advice to homebuilders at any stage in their lives. We can help even the experienced home builders, build the home of their dreams.
Are you looking to build a downsized home? Contact us and our experts would love to help you out!