Is it time to retire? If so, many people look forward to a life of relaxation and fun. However, enjoying retirement a person has to answer several important questions. One of these is whether or not the individual will remain in their current home or move to another.
For many retirees, downsizing is the most appealing option.
There’s no question that downsizing to move is a huge undertaking. However, with proper planning a person may be able to turn the entire situation into a productive and life enhancing adventure.
Get ready to downsize with the tips found here.
Decide Where to Live
Is staying put appealing? Or, does moving to another town to be closer to friends or family sound like a better option?
It’s also smart to consider moving into a retirement community or an even assisted living facilities in another part of the city or even country. However, before making a huge decision like this, be sure to visit the location first. It’s crucial to find a place that is comfortable before planning a move across town, or across the country.
Downsizing
Getting rid of everything that has been collected through the years can be an emotionally challenging task. It’s important never to assume that a person’s children are going to be interested in taking these items. Always be sure to ask first.
Another option is to gift items that are no longer wanted to others or even donate them to a favorite charity. This is a great way to repurpose things that are still useful, but that are no longer needed.
It’s a good idea to obtain receipts for any charitable donations regardless of how small they are. This will come in handy during tax time. Also, remember the donation receipts must be itemized, signed by the charity, and dated.
Create a Plan and a System
In most cases, downsizing is a process that’s best done over time, as this makes it much easier. It’s a good idea to go through the house, one item at a time, and put a color-coded sticker on it.
For example, use white for the items to keep, red for items to give to charity, yellow to throw away, etc. Make sure to begin this process as early as possible to ensure there is enough time to rethink things, if necessary.
If a person has items that are more valuable, but that they no longer wish to keep, consider reaching out to an auction house.
Find a Real Estate Agent
It’s a good idea to hire a real estate agent that’s willing to work with you regarding the timing and the sale of your current home. By working with a professional, you can achieve the best price possible.
There are some people who have achieved subpar results, simply because they didn’t choose the right real estate agent.
Enjoying the Retirement Years
If a person wants to make the most of their retirement years, it’s a good idea to keep the downsizing tips here in mind. This will help ensure they get the results needed, regardless of where they decide to go or live after retirement. Don’t underestimate the power of planning, it will help ensure the person is ready and able to make the most of their Golden Years.
