Are you considering downsizing your home?

It is fairly well known that America’s population is aging, or “graying” to use a widely used term. There are currently nearly 90 million people in America that are over 55 years old.  That number will double by the year 2030.  Among the many life-changing decisions this group faces are should they, or how do they, downsize their home?  Contemplating a move to a smaller home can be daunting from physical, emotional, and financial standpoints.  There are so many questions that you need to ask yourself.  What type of home should you look for… condominium, town-home, or patio-home?  What’s the difference in these homes?   What about Home Owner’s Association dues… do they really cover enough areas to allow you the low-maintenance lifestyle you crave?   Who takes care of snow-removal?  Where do I put my “stuff”?  These are just some of  the dizzying questions that need to be addressed.  

One of the areas that are often overlooked is how downsizing a home can result in big decreases in cost of living.  The cost of taxes, insurance, utilities, and home maintenance can generally be expected to decrease when you move to a smaller home.  Are you currently spending too much money on maintenance and repairs and are you using/living in all of your rooms?  Heating all of those empty rooms in your current home is probably not the best thing to do with your money.   Downsizing doesn’t necessarily have to mean giving up the features you love about your current home. There are numerous homes available in the Boise are that can provide you with all the features you love in your current home, but eliminate the things you would like to live without.

For answers to your downsizing questions and to explore all of the options available to you, feel free to e-mail me at bhaycock@windermere.com  and I will be happy to guide you through the downsizing process.

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