Welcome to the embedded website of "www.DownsizeMyProperty.com" which I hope you will explore to assist you with your project to learn how to downsize your property, what your prospects are if you live in the Greater Vancouver Area.
I'll explore some of the areas which look promising in the Lower Mainland, some of the challenges to financially and physically downsizing and I will attempt to keep a pulse on this Baby-Boomer activity on this page. I will also look at what your money can buy in other attractive areas in the rest of the country. Everyone has a different idea about this phenomenon and I'll explore creative and imaginative solutions to these challenges. I will try and focus on the segment of the market that has become "house-rich", and who are seriously grappling with the possibility of funding earlier retirement with the equity in their homes. So, make a habit of dropping by. Bookmark this site. Hopefully something will interest you and we can start a conversation.
The first thing to consider is what the primary motivation for making the move is. Is it to free up equity, to declutter, simplify and eliminate stairs, or just simply to live in less space that you don't have to spend as much time in cleaning and maintaining. Would you invest more money than your current house is worth for that "juicy" property in a great location?
The first article I would like to link you with is one that appeared a number of years ago in "MoneySense" written by Julie Cazzin. It explores the issues which are confronting many of you today in the Lower Mainland, particularly in Vancouver, Richmond, North Vancouver and West Vancouver. Bear in mind that the numbers in that article pale in comparison to what we are talking about today in terms of sale prices on the single family home.
For those of you who are social media savy, I encourage you to follow me on Twitter @ashuchat which connects you with updated content relevant to this discussion as soon as it is published. It may be the top 10 "downsize" target properties in the Lower Mainland or it may talk about property values in your neighbourhood. I also invite you to check out my blog.
The long and short of it is that for your project to be successful, it requires more than a "transaction" Realtor. It requires someone who can put a plan together for you, having a thorough knowledge of your physical, financial and area requirements. It is also worth mentioning that as a Sutton Agent, I am tapped into the largest referral real estate network in the country and our discussions do not have to be restricted to the Lower Mainland, but can be comprehensive in nature.
To get started and to think about where you next might want to live, try browsing through BC New Homes' website.
You can search numerous areas for quality developments. If you find something of interest, I would be happy to look into any development for you. Just call at: 778-227-7325
"What To Do With Your Pot of Gold"-Financial Post July 31, 2015
"The Cheapest Places to Retire Where You Can Live Better for Less"