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Thursday, March 5, 2020

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A Senior’s Guide to Successful Downsizing in Retirement

Downsizing can be a stressful process. This is especially true if you’ve lived in the same home for decades, as sorting through a lifetime’s worth of belongings can be completely overwhelming! Fortunately, planning ahead will help make the downsizing process as effortless as possible. So, take a look through the following resources for help cutting back your belongings and choosing a new place to call home.

Is Downsizing Right for You?
Before you start paring down your possessions and hunting for a smaller home, make sure downsizing is the right move.


Decluttering Room by Room
Decluttering your home in sections will make the process much more manageable.


Choosing a New Neighborhood
Research different places you would like to live and pay special attention to the cost of living, healthcare availability, and recreational opportunities.


Budgeting for Hidden Expenses
Leave room in your budget for hidden expenses like moving costs and real estate agent fees.


Preparing yourself for a downsizing move is a complex process. Don’t jump into this big decision without thinking through your options carefully! Ensure downsizing is right for you, research different retirement locations, and make sure your budget will cover all of the expenses associated with selling and buying a home. Good planning will save you from downsizing regret!

Photo via   Pexels A Senior’s Guide to Successful Downsizing in Retirement Downsizing can be a stressful process. This is especia...