People downsize their living arrangements for many different reasons, however, in our current society ageing and not wanting to maintain a big family home is a common factor for downsizing.
If you’re an empty nester who is ready to downsize it’s a good idea to assess your needs before making any decisions.
Same or new area?
Do you want to stay in the same area or will a different suburb suit your needs better as your life changes? Things to consider are:
Now that you’re downsizing how many bedrooms will you need? Will one be enough or will you regularly have guests or grandchildren stay over in which case you may need to consider a small house or unit with 2 bedrooms.
A smaller home typically means less storage space and less rooms to store things in. Will you be comfortable getting rid of a significant amount of belongings when you move? The harsh reality is you may need to give up treasured items or replace furniture you love because you simply won’t have the space to keep them.
You may find downsizing means you’ll be living in closer proximity to neighbours. This can be difficult if you’ve come from a large block with plenty of privacy. Researching the different types of properties: townhouses, apartments, units may reveal a living arrangement that is preferable for you.
On the plus side, you may benefit from having more of a ‘community’ feel with support nearby if you need it.
Would you prefer to live in an independent unit or house or in a retirement community? If having like-minded people nearby, the ability to participate in communal activities and assistance within hands reach, a retirement village might be the way to go when it comes time to downsize.
For more information on downsizing download our