A house is more than just four walls. Our homes hold memories of our lives, and it can seem like walking away from those memories when the time comes to sell.
Downsizing can be a difficult process for many reasons, but the grief associated with selling a longtime home is at the top of that list. Perhaps you are among the homeowners who designed and built their home, pouring a lot of time and energy into the process. Selling it, regardless of how much profit you make, can seem like a betrayal. Continue reading
Many seniors and boomers put off the decision to downsize because they want to keep their current home. It’s not that they’re necessarily interested in living in their current home, but do not see the benefit in selling it at the time.
Perhaps one of their children would like to live in the home, but is unable at this time to afford to pay the property taxes, utilities and maintenance fees associated with owning a home. The market also is favoring buyers instead of sellers at this time, so some home owners wish to hold onto their homes until the market is more favorable to them as sellers. Continue reading
Ever dreamed of traveling the world, visiting places you never had the time – or the money – to visit when you were younger? Many people enjoy retirement travel once the kids are out of the house and the rigors of a daily job are no longer an issue.
But if you own a home, there still is a stumbling block to any adventurous plans you may have for your golden years. Houses require a lot of work, especially if you plan to leave them for an extended period of time. Who will mow the grass or shovel the snow? Who will make sure the windows and doors remain secure in your absence? If a pipe bursts while you’re away, who will clean up the mess and call a plumber for repairs? There’s little doubt about it. Leaving behind a home to travel can be a huge pain. Continue reading
There are many providers involved in the downsizing process. From real estate professionals to estate planning attorneys, a number of professionals can assist. Occupational therapists are among those who play a vital role in downsizing.
Occupational therapy practitioners work across the age span, according to Natalie Anderson, an occupational therapist and owner of OTPlus in University Place, WA. “However, specifically with seniors, OTs address all aspects of aging, from wellness strategies to treatment following injury, disease or disability,” she said. “With a focus on function, OTs help keep older adults independent and safe, and maintain their ability to engage in meaningful and productive activities.” Continue reading
As more Americans insist on aging in place, family members and friends find themselves filling the role of caregiver.
According to the Family Caregiver Alliance, the percentage of caregivers who are caring for those aged 85 or older is 70 percent, with parent care making up the majority of those caregiving situations. Most care recipients – 58 percent – continue to reside in their own homes, with another 20 percent living with their caregiver. Continue reading
For many retirees who are downsizing, moving to a retirement community is not the first step in the process. Some choose to simply downgrade the size of their existing home to a smaller home or even a condominium. When making this kind of a downsize move, it is crucial to follow certain guidelines to ensure the ability to remain safe and secure in your new home. Continue reading
It can be easy to accumulate decades’ worth of items, but not so easy to know what to do with them when the decision is made to downsize.
While the standard advice is to decide what to keep, what to donate and what to dispose of, for seniors and boomers who are downsizing, selling some of the items they do not wish to take with them can help to fund their retirement. Continue reading
Selling a home to downsize is not always the best option for seniors and boomers.
For some, selling an existing home in order to help fund retirement is a reality. Their home may be too big and too expensive to maintain on their own. For others, the death of a spouse leaves them lonely and concerned for their safety when living alone. Seniors and boomers in those situations absolutely should consider selling and downsizing. Continue reading
So you’ve finally made the decision to downsize. As part of the process, you have to get your existing home ready to sell.
If you’re like most people, you’ve lived in your current home for awhile, which probably means it is in need of updating and/or repairs. But if you’re like many Boomers and seniors, your income is limited, so spending tens of thousands of dollars on repairs and upgrades is not in the budget. So how can you attract buyers and earn enough money to hopefully fund your retirement? Continue reading
Have you ever walked into a room, only to find yourself standing there, trying desperately to remember why it was that you walked into the room in the first place?
Everyone has had moments such as these; however, when the moments become more commonplace and you find yourself forgetting more than just why you walked into a room, it may be time to consider that it’s more than just forgetfulness. Continue reading