As you look around your own home or your parents’ home, you may begin to realize that sometimes we simply have too much “stuff” and often too much space to handle, especially as we grow older. You don’t need to keep on fretting over a home that’s too big to clean and maintain or has rooms that go unused for months on end. You can turn this problem into a great revenue opportunity by downsizing or rightsizing as many are now calling it.
Downsizing to a smaller home can be stressful, but with the right help, it can become an experience you’ll wish you would’ve done sooner. When moving to a continuing care retirement community (CCRC), there are many things that will be provided for you or your loved one, to make life easier and more enjoyable.
We hope this guide to downsizing will remove some of the anxiety that often comes along with this less than desirable task.. Downsizing to a retirement community is just the next step on your journey. It can give you more financial and personal freedom to make the journey exactly what you want it to be.
Whether you’re retiring and want to turn equity into an opportunity to travel, need to move for better access to care or anything in between, there are a few things to consider before you actually start the process of packing, sorting, selling and so on.
This is also a good place to start if you’re helping a loved one downsize.
Determine Your Goals
What is your optimal plan? Are you looking to simply declutter your current home or are you considering moving or downsizing out of the home altogether? If the plan is to move to a CCRC -what will the new space look like, and how big is it relative to your existing home? Do you have fewer rooms to place your furniture in? Are you downsizing the number of bathrooms, which would make many items unnecessary duplicates? Are you losing outside space? Another goal is to have a safe and comfortable move that’s as easy as possible. When considering how to downsize your home, it’s best to start with any items that obviously can’t come with you. It allows you to get the process rolling on a good note and can make future decisions easier.
If downsizing to a smaller home raises questions about your furniture — like “Will this couch fit?” —you might consider seeking assistance from a local downsizing company that can make recommendations and understands common senior living home measurements. In many cases the retirement community might also be able to provide floor plans with room dimensions or allow you to walk through a staged cottage with furniture properly sized to each space giving you something to compare to your existing furniture.
Give Yourself Time by Getting Started Today
The earlier you can start the downsizing process, the better. There are likely closets you haven’t opened, boxes packed from years ago and junk drawers that can be cleaned out regardless of the size of your next home. Downsizing takes a long time because you have a lifetime worth of treasures to sift through. Start reviewing your possessions as you go, and you’ll make the process easier on yourself.