According to AARP, for the next 17 years, baby boomers will be turning 65 at a rate of about 8,000 a day. By 65, most people are thinking about downsizing so they can enjoy their newfound freedom. But just thinking about this daunting task can put a bead of sweat on your brow! So let’s consider some of the advantages of living the “less is more” lifestyle and they just may motivate you to get started! Next month we’ll look at how to create a downsizing game plan.
- Smaller House = Smaller Mortgage or No Mortgage Payment:
Generally a smaller home can translate into a smaller monthly payment. In many cases, you may have built up sizable equity in your current home and you may be able to cash out and eliminate a mortgage payment completely.
- Monthly Expenses:
Downsizing your home also downsizes your monthly expenditures. Utilities may be less as well as taxes, insurance, general upkeep and maintenance.
- Climate Change:
Downsizing also provides a fantastic opportunity to give up your snow blower and hit the beach or golf course. Raising your family in the cold winters of Minnesota could become a distant, frozen memory if you take the opportunity to move south or west to follow the year-round sunshine.
- More Affordable Town:
Downsizing is a great opportunity to move to a less expensive area. Living in an area where affordability is in line with real estate prices could help your dollar spread further.
- Lifestyle Upgrade:
Downsizing can give you more time to pursue your interests and allow you to live closer to the amenities and activities you desire, such as; cultural and shopping activities, golf/tennis courses, bike trails, beaches, etc.
- Less Stuff = More Life:
By investing the time and energy to clean out and downsize your possessions, you not only organize your home but your life! In downsizing, you’ll be on the road to a less stressful and more relaxing life that is easier to manage!
Thinking of downsizing and don’t know where to start? Discussing your selling options with a qualified real estate agent is a good starting point. We have worked with many sellers in the same position and assisted them in making their downsizing dreams come true! Contact us today to get started in the right direction!
If you are thinking of buying, selling, renting your home, or leasing real estate this year we’d love to hear from you! Working with experienced professionals can boost your profits!
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Acuity Group Real Estate Professionals
564 Dodge Ave Suite A ~ Elk River MN 55330
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OUR SPECIALTIES: Residential & Commercial Seller and Buyer Services, Property Management & Residential Rentals, Residential and Commercial Investment Property Specialists, Listing & Marketing Specialists, CDPE (Certified Distressed Property Experts), Short Sale Specialists, REO/Bank Owned Sales. Golf course properties, water front properties, acreage & hobby farms, vacant land, condos & townhomes, industrial/manufacturing/retail properties, association maintained properties, senior housing, luxury homes, vacation & secondary housing.
Serving the following Minneapolis Cities & Suburbs: Elk River MN, Zimmerman MN, Big Lake MN, Rogers MN, Otsego MN, St. Michael MN, Albertville MN, Princeton MN, Ramsey MN, Anoka MN, Nowthen MN, Monticello MN, Oak Grove MN, Burns Township MN, Champlin MN, Dayton MN, Hanover MN, Coon Rapids MN, Blaine MN, Fridley MN, St. Francis MN, Livonia Township, Andover MN, Becker MN, Baldwin Township, Orrock Township, Plymouth MN, Maple Grove MN, Osseo MN.
Serving the following Minnesota Counties: Sherburne, Anoka, Wright, Hennepin and portions of Mille Lacs and Isanti Counties