Practical Tips To Help You Prepare For Downsizing9/9/2020
There are many reasons, you might want to let go of your four-bedroom family home as you head into your senior years. Saving money is one motivation, but, more often, seniors choose to downsize to a smaller space because of mobility or health concerns. A small house is a neat and tidy package that, when chosen correctly, can reduce the physical burden of maintenance and lessen your monthly financial commitment. And even though the pandemic has changed the landscape of buying, selling and moving, you can still start your downsize by connecting with a professional at Acropolis Realty Group to begin the home-buying process. As you begin, we hope the following tips will help.
Choosing a new place to call home
Your moving endeavor starts with knowing where you want to live, and one of the best ways to determine a good fit is through a vacation rental. Try to find a vacation rental that is similar in layout and size to the home you think you’ll need and in the neighborhood that speaks to you the most. This will give you a much better idea of what it’s like to live in that area.
The home search
Now that you have some experience in the area, make a list of everything you need in your new home. This might be a mailbox at the front door, a garage with no stairs into the home, or an open floor plan. Take this list to your realtor, and let them know what features are negotiable and what is set in stone.
You’ll also need to determine your preferred price point and calculate how much you expect to net from the sale of your existing home. Checking listings online and researching the housing market is a good place to start. You’ll find that the median sale price of homes in Syracuse is $132K. Check your credit score ahead of time, too, to get a better idea of the kind of rates you can expect. Intuit reports that 600 is a good starting number to strive for, but that better rates are available the higher your score climbs.
Packing for the future
The hardest part of a move that leaves you with less floor space is deciding what you won’t pack. Unless you plan to rent a storage unit and keep up with those payments, you’ll have to purge belongings from each room. Start with the most obvious items. Your furniture might not fit into your new house or condo. Measure the pieces you’d like to keep, and then check the size and shape against your new rooms. Your personal belongings may also need thinning, which can be an emotional part of the process. This might be a good time to call the kids and grandkids for a heart to heart on what they would like to have of yours. Keep a few small items and photos to create a shadow box of memories to display in your new home.
Moving day is here
As you clean your home, start packing boxes with what you’ll take with you. (You can find large moving boxes on Home Depot for $1.78 each.) Plan to go one room at a time, labeling boxes along the way. Most importantly, bring in a few extra sets of hands. A moving company is your best bet and will ensure that your stuff is secured properly in the moving truck. Many moving companies offer coverage for damage as well as the option of unloading your boxes at your new home. Make sure you research the top moving companies and read reviews first before deciding which one to hire.
Moving doesn’t have to be a pain, but know that the place you want to go is really where you need to be by staying a few weeks beforehand. When it is finally time, plan your transition carefully so you don’t wind up with a house full of stuff that won’t fit. The above tips can help you get started, but remember, your realtor is a wealth of knowledge, so don’t be afraid to ask for suggestions during each step.