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Downsizing and Dream Homes in Retirement

| Jul 17, 2017

I often find working with couples that one wants to downsize but has agreed to purchase a large property with their spouse.

I advise them to find a home that seems intimate despite its large size. I tell them, ‘You don’t want to feel you’re rattling around in an oversized place that seems lonely, especially when you’re there by yourself.’  

I recommend they avoid a property with a two-story atrium or ceilings that soar 10 feet or higher. Likewise, they should avoid a home with an oversized formal living room they’re unlikely to use often.

The coziest arrangement is to have a big family room right off the kitchen, because people spend most of their time in the kitchen area.

Finally, I tell them not to assume that a place they buy upon retirement will be their last home.

 


Ashley Richardson

Thanks to Ashley Richardson, CRS, for another great tip. Ashley is a Sales Agent at Long & Foster Real Estate Inc., in Baltimore, MD. Ashley has been a CRS since 1997.


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