Snowbirds, Empty Nesters & Zoomers, Downsizing London Ontario From Your Present Home – Keep it Simple
Downsizing to a one-floor house, a one-floor townhome, a one-floor townhouse or an apartment condo requires well thought out steps, including financial planning and paring down your possessions. Social and health considerations also play a role. You’ve got this far in your life and have managed to handle the good and the not so good, here are a few ideas that may help.
A realistic breakdown of expenses, such as mortgage payments ( if needed), property taxes, condo fees, association fees, utilities, and transportation, is essential. Downsizing will reduce housing costs, property taxes, and possibly future maintenance costs.
And the money saved by moving to a one-floor house or condo can be used elsewhere, such as supplementing retirement savings or creating a new active lifestyle. A one floor home in London Ontario home will also help lower energy bills and home repair costs, and a smaller space means fewer furnishings to replace in the future.
Maintaining a home that no longer meets your current needs and lifestyle can be a financial burden that may prevent you from saving for retirement, traveling, or doing any number of things you dream of doing. Ask yourself, “Is managing the family home holding [me] back from enjoying life?”
Downsizing is an incredibly emotional experience for most. Although it can be difficult to let go of the many prized possessions we accumulate over time, it can be difficult to clear our closets, drawers, and basements of things we no longer need or use. One bonus: it’s easier to find what we’re looking for. ( I know, my wife and I have moved!)