Save Time and Money by Downsizing your Home

Living in a large house is great when the kids are home and everyone needs their personal space. However, after retirement and when the kids strike out on their own, it is often an extra burden to maintain a larger home. At this point, many people begin to consider selling their homes and moving into a smaller one because they’re easier to maintain and the feeling of loneliness isn’t as pronounced.

Remember, downsizing doesn’t mean you can’t incorporate the best interior design ideas. Here are a few things to consider when you’re getting ready to downsize your home.

1. Find an experienced real estate agent:

Experience varies and it’s not just about how many properties an agent has sold. You should also consider the types of property they’ve worked with in the past and the geographic region they serve. If you want to have a great experience, get an agent specialized in your property and location. They’ll not only help you set the right price for the home you want to sell, they’ll be there to assist you when you start looking for the house you’ll spend your golden years. Many people don’t realize it but one of the major advantages of hiring a real estate agent is their ability to find homes that fit your needs and help you get the perfect price when buying and selling.  Another benefit of your real estate agent is their ability to guide you when you’re getting all of the paperwork in order.

2. Have a clear idea of what you want

Many people start the home buying and selling process without a clear idea of what they want and need. Will you need extra space if the grandkids come over for the summer? Are you always entertaining guests outdoors? Do you love to cook? Do you have a pet peeve for leaky pipes? These little details can make the home buying process much easier because your real estate agent has more information to work with when choosing homes to show you.

3. Choosing what you want to keep

Over the years, you’ve likely amassed a lot of property. Family mementos, furniture, and electronics take up a lot of space. This isn’t a problem when you’re living in a larger home because there’s space to keep everything. It becomes a major problem when you’re downsizing. When you start the process, be deliberate about the items and furniture you’ll take to your new home. Does the item have true utility or is it just sentimental value? Would it make sense to carry it along with you to your new home? If you have a lot of items that don’t make the cut, you can hold a yard sale and make a little extra money.

4. Give away some of the excess

If you’ve held your yard sale but still have too much stuff then there’s nothing wrong with giving it away to people who are in need. Research charitable organizations in your area to find out what kind of donations they accept. If you can’t find any, then send them in to Goodwill which will sell them and use the money to help train and rehabilitate members or your community.

5 .Careful not to overdue it

In your quest to get rid of things you no longer need, it’s common to give away or sell too much. You won’t feel it until you’re settled in your new home and start missing the things you got rid of. When in doubt, keep it with you for a while longer. You can always sell or donate it down the line but you can’t get it back once it’s gone.

6. Enjoy the process

This is an exciting time in your life and many people consider it your best years. After selling your home and buying a smaller one, you’ll have a bit of money left over. Use it to enjoy your new freedom. After settling in, go on a trip, visit the kids, or just relax with you partner. You’ve earned it.

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