Downsizing? Here's What You Can Expect When You Move
Whether the kids have moved out or you just aren't using the extra bedrooms, having a house that feels 'too big' can sneak up on you and make you think, do we need all this?

Should we downsize?
 
As you might imagine, having too much space is the primary reason that couples and families downsize. Larger homes cost more to maintain and can feel empty if it's just one or two people living there. In many cases, old items and clutter tend to build up as there is so much storage space. Downsizing to a smaller home helps to maintain a lifestyle that is more efficient but no less luxurious.
 
Ask Yourself: Are You Ready?
 
Another consideration that you will need to make: are you ready to move? If you are retired from work, then you likely have enough time on your hands to manage a move. Conversely, if you and your spouse are both working full-time and live near your workplace, you may want to source a smaller home nearby.

The Hardest Part: What do I get rid of?
 
This is the part when people realize just how much STUFF they have. Ask any couple or family that has downsized their home about the toughest part, and many will share that it was choosing what stays and what goes. When space is at a premium, everything from shoes to appliances needs to be considered.
 
Spend some time going through each room in your house, taking an inventory of what you have. Try the 6 month rule, if you have used it in the last 6 months keep it, if not its fair game. Are there any family heirlooms or other emotional items that you can't part ways with? After that, is there anything that will be usable in your new home? Everything else should be considered fair game. Sell it, donate it or toss it out.
 
This downsizing exercise can feel really good no matter if people actually move. No matter what your end game is taking the time to clear out the current house is a great move. Do it in steps as it can be emotional as well going through old things. Step by step and it can be a really nice win!

Many times a first time buyer may be looking for a condo or a townhouse as their first investment. Maybe it is more affordable but sometimes the budget gets stretched with the HOA fees that come with them. With a property like this the HOA takes care of the external structure and the grounds in most cases so they need to collect higher fees to cover this. If a property is brand new the first 5-10 years may have very little up keep outside. What I am seeing now is new builders are producing a "paired home" product. This means the home is similar to a townhouse but the home owner is responsible for the external maintenance meaning HOA fees are usually much lower. Maybe up to $200 a month less. For the first time buyer who is up against a budget this may mean a lower payment and allows them to qualify for more home. If you are a new buyer and want to explore this option I am an email or phone call away.