Has your house outgrown you? Perhaps you’ve become empty nesters and no longer need all that space. Perhaps your lifestyle priorities have changed, and you want to shed or lighten the burden of home maintenance. Perhaps you want to cash out and reduce your expenses. Or, perhaps it’s only you now and you want a fresh start. No matter the reason, adults 55+ need to be very strategic in selecting the home they’re downsizing to.
4 Key Strategies to Smart Downsizing
1. Think beyond dreamy, active adult retirement years and remote locations. Find a community and house where you can live out your golden years. As we age, physical and cognitive decline naturally occurs, and there may be unanticipated medical problems. These things need to be factored into where you live and the house you live in.
Optimal location considerations:
- Close proximity to hospitals and medical providers
- Mobile service availability (medical, dental, x-ray, hair and nails, pet care and grooming)
- Close proximity to friends and family (it’s tough when you’re not in the same state!)
- Within range of transportation service (Uber, Lyft, taxi, limo, etc.)
- Close proximity to a grocery store and pharmacy, or within range for delivery service
- Close proximity to recreational and social activities
- Close proximity to educational opportunities
- Close proximity to volunteering opportunities
- Close proximity to place of worship
2. Before you buy the downsize house, hire a Certified Aging in Place Specialist (CAPS) to do an Aging in Place Home Evaluation. Why? A house is a big investment. For a nominal cost, you’ll learn whether the house has what it needs, or is a good remodel candidate, to meet your needs beyond the active adult years. 99% of U.S. homes are not ready, according to a 2017 Harvard Housing Study. Even most new construction homes are not. It’s best to find out sooner rather than later whether or not the house you’re considering is.
An Aging in Place Home Evaluation is similar to a home inspection, but there’s a completely different, extensive list of items being evaluated. Schedule an evaluation prior to making an offer on the house or during the inspection period. You’ll be advised on areas that need improvements and/or remodeling and the investment it will require. Then you’ll be able to make an educated decision as to whether that house is the best for you, long-term.
3. Have a proactive mindset about preparing your house for successful aging rather than “I’ll do it when I need it.” Because your needs will change as you age – it’s a scientific fact of life. Waiting to prepare your home “until you need it” is too late!
Your home needs to be Aging in Place ready for fall and accident prevention to avoid injury or death, and to access and use key areas (entry; bedroom; bathroom: toilet, shower, sink; and kitchen) via a wheelchair, – before you need it. Otherwise, you very well may be forced (abruptly) to move again, to assisted living at a cost of $45,000 or more per year).
None of us want to think we will need any of that, but the reality is if you’re proactive now with Aging in Place design and remodeling, you’re far more likely to live longer, be independent, and be able to stay in your home if that’s your preference and avoid the cost of assisted living.
And, the good news is 1) your bathroom or home doesn’t have to look like the ugly, institutional image that just popped into your head, 2) when done beautifully, it will increase the home’s market value. But it takes hiring the right design professional. One that is
4. Have your downsize house prepared (designed and built or remodeled) for Aging in Place by a senior living interior designer and licensed contractor. The best and most convenient time to do it is before you move in. It’s a wise investment in your longevity and wellness.
Many people mistakenly think that adding grab bars is it, or worse, they think it’s a
The bottom line is the house you’re downsizing to should be professionally designed, built or remodeled and furnished to meet your needs for today, tomorrow and beyond. Only highly-specialized professionals are qualified to do that.
You can either be proactive and tackle aging head-on or be in denial. Your choice will either positively or negatively impact your longevity, independence and quality of life.
If you’re considering downsizing, call me. Also, if you’re in the Phoenix area, I have some fantastic Realtors that specialize in the real estate needs of older adults that I can introduce you to.
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