Whether you consider yourself a senior, an empty nester or just a person whose needs and lifestyle have changed, there comes a time when most of us will want to sell our house and move into something a little more manageable. Whether due to health or mobility issues or simply the desire for a smaller space with less maintenance, there are several options available for seniors such as condos, small ranches and cape cods. And working with a Michigan Seniors Real Estate Specialist can help you uncover those gems that you may not have known of otherwise. For example, new construction condos that back up to a beautiful golf course or a chic downtown condo within walking distance to shops, restaurants, farmers markets, movie theaters and music venues.
Often seniors still may feel uncomfortable leaving their family home, even if they have determined that downsizing is what would be best for their lifestyle. But just because you’re downsizing your home doesn’t mean you have to sacrifice your quality of living. In fact, you may find that downsizing your home actually increases your overall quality of life.
Here are 4 upsides to downsizing your home.
Splurge on Luxury Features
A smaller space shouldn’t mean you have to skimp out on style. A smaller home often means a lower mortgage payment, so why not take that extra money and invest in the interior you always wanted?
Install luxurious tile flooring, backsplashes, ornate crown mouldings, custom millwork, home theatres, heated floors and more. Get creative and add unique and fun pieces of furniture to brighten up a smaller living room.
Enjoy Better Views
Another way to enhance your living area is to invest in the outdoors. Have you always dreamed of a lakefront home but it never made financial sense? Perhaps downsizing will improve your financial picture and allow for some waterfront options.
You can also hire a landscaping company to install water features, hardscapes and beautiful plantings. Just make sure you are prepared to hire the company for maintenance after the landscape installation is complete. You likely won’t have the time or energy to maintain the landscaping features on your own.
Less Maintenance and Upkeep
Downsizing your home means there are fewer rooms to furnish, easier cleaning routines and lower energy bills.
If you purchase a condo, there are typically homeowner association fees that cover a lot of maintenance, such as snow shoveling and lawn care.
Free up Your Lifestyle for Traveling
You may not of considered it before, but your house requires a lot of work when you leave town. Downsizing will free up your time and your budget for more traveling.
Ultimately it is up to your desired lifestyle. For those of you that like to stay close to home but love vacationing, you could trade in larger home for a smaller condo and a small cabin in Northern Michigan. Just remember that a second home will require additional maintenance, so you will need to hire a landscape maintenance company and other contractors to help maintain the property.
About Michigan Seniors Real Estate Specialist, Tracy Wick
Tracy Wick is a Seniors Real Estate Specialist in Michigan with over 25 years of experience as a real estate consultant and client advocate.
Whether you plan on downsizing or aging in place in your family home, Tracy can help guide you through your staying in place plan, home renovations or new home search ensuring that your most important transition is the right one for you.