Arnold Shuchat PREC Real Estate Blog


The Primary Concerns of Seniors Thinking About Downsizing

Downsizing can be a difficult decision for seniors, as it involves leaving a home they may have lived in for many years. The primary concerns of seniors considering downsizing include financial considerations, emotional attachments to the home, and logistical issues such as finding a new place to live.

Financially, seniors must consider whether downsizing will provide enough money to cover their living expenses in retirement. They may also need to factor in costs associated with moving and any renovations that may be needed on the new property. Emotionally, seniors may struggle with the idea of leaving a home they have lived in for many years and all the memories associated with it. Logistically, they must find a suitable place to move to that meets their needs and budget.

Overall, downsizing can be an overwhelming process for seniors due to the financial, emotional and logistical considerations involved. It is important that they take time to carefully weigh up all these factors before...


Top 10 things for Seniors to Consider Before Downsizing Their Home

Downsizing your home can be a big decision, especially for seniors. There are a lot of things to consider before making the move, from practicalities like where you'll live and how much money you'll save, to emotional factors like saying goodbye to your current home. Are you a senior citizen thinking about downsizing your home? You're not alone. According to a recent study, 67% of seniors aged 65 and older say they would like to downsize but only 10% have actually done so. If you're considering making the move to a smaller home, here are the top 10 things you should take into consideration before making any decisions. From finances and family considerations, to your future health and happiness, this list will help you begin the process of understanding many of the key issues. So read on and start planning your next chapter with confidence! 

1. Finances: Downsizing can be a great way to free up capital that you can use for investments, retirement planning or other goals. Before making...

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