Advice for Downsizing


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Downsizing-your-home

There are many reasons to downsize.  Maybe your kids are all grown and out of the house, maybe you are retiring, maybe you hate keeping up with the yard and housework, maybe you’re tired of spending so much money to heat and light rooms that you rarely use.  Whatever the reason, downsizing is typically a part of everyone’s life at some point.  When you’re ready to downsize the first thing you should do is evaluate your finances and your credit to see what you can afford.  After that you should make a “wish list” for your new home.  Ask yourself all the same questions you asked yourself when you bought your previous home and prioritize the things you want and need in your new home.  Finally, begin to tour homes.  Homes with less than 1200 square feet and condos are the best bets for those looking to downsize.  Of course, with downsizing the real estate adage of “location, location, location” still holds true.  And when it comes to school district, remember that even if it doesn’t matter to you, it may matter when it comes time for you to sell.  Finally, when it comes time to move remember that you are going to have to get rid of both furniture and stuff.  Downsizing can be difficult, especially if you have a lot of “things” that you are attached too.  A good rule of thumb is to sell, donate, or pass on anything that you haven’t used in the past year.  If your kids are still storing things at your home give them a time frame to remove their goods before they get donated.  And don’t forget about scale of your items too.  If your furniture is oversized, you will want to sell it and buy new, smaller pieces for downsizing.  In a large home, oversize furniture is cozy, but in a small home it is cramped at best and at worse doesn’t even fit.  Downsizing can be stressful, but when it is all said and done it is so much nicer to have less to take care of, and the lower utility bills that generally come with downsizing are a nice perk too!

Thinking of buying or selling a home in Sussex County?  Give us a call at Cooper Realty Associates and put us to work for you – 302-644-2266.

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