4 Things to Consider Before Downsizing

  • Denise Graves
  • 08/5/21
 

There are a few considerations you’ll want to make if you’re thinking about downsizing.
 
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Throughout the last year, we’ve seen a lot of people trying to buy the biggest houses they could afford. We’re spending more time at home, and many of us are working remotely or homeschooling kids, so it makes sense that people would need a lot of space. However, there’s another side to the spectrum that arises when your house is too large and you can’t maintain it.

Older adults are beginning to downsize into smaller, more manageable homes. It’s a fantastic time to do this, as there are plenty of buyers out there looking for large properties. But how do you know when it’s the right time for you to downsize your living spaces? Here are a few things to consider:

1. 55+ communities: There are a lot of senior communities in the San Antonio area, and these provide a variety of amenities and activities. These also allow you to be around neighbors who are similar in age. If you still want a house, there are garden homes that require less maintenance and typically attract older adults.

 
"You want to find a location you like and a home you’ll enjoy living in for a long time."
 

2. Nearby locations: When thinking about where you want to live, figure out what’s nearby. Where’s your doctor’s office? Where do you want to shop? Do you want restaurants, parks, or other amenities that fit in with your lifestyle? Make sure you’re close to things you like to do.

3. HOA fees: Most condos or places with lawn maintenance or meal plans require HOA fees. This can be either a positive or a negative, depending on your needs, but it’s important to be aware of any potential fees your home may include.

4. Your budget: You want to find a place that fits within your budget, and that may mean purchasing a different type of home than you’re used to. Additionally, look for energy-efficient homes that can help reduce utility bills. More importantly, though, you want to find a location you like and a home you’ll enjoy living in for a long time.

If you’re looking to sell your current house and downsize to a more manageable home, feel free to reach out to me. I’d be happy to answer any questions you may have. Until then, I look forward to hearing from you soon.

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