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Old 04-18-2016, 08:24 AM   #41
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We downsized by ~2000 ft2. The biggest challenge for us was getting more storage in the smaller house. We ended up installing two large racks that hang down from the ceiling in the garage and hold quite a lot of stuff. The other challenge we had, is that a lot of our furniture has been a poor fit both in size and appearance for this much newer home. We have been slowly replacing some furniture pieces and coming up with more functional and better appearing rooms.

Any how, downsizing worked out great, reduced our taxes by almost 50%, and the same with utility costs and house cleaning tasks. Further, our yards are maintained as part of the HOA expense, which has saved us both time and money compared to the former mega mansion's half acre.
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Old 04-18-2016, 09:16 AM   #42
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We downsized by ~2000 ft2. The biggest challenge for us was getting more storage in the smaller house. We ended up installing two large racks that hang down from the ceiling in the garage and hold quite a lot of stuff. The other challenge we had, is that a lot of our furniture has been a poor fit both in size and appearance for this much newer home. We have been slowly replacing some furniture pieces and coming up with more functional and better appearing rooms.

Any how, downsizing worked out great, reduced our taxes by almost 50%, and the same with utility costs and house cleaning tasks. Further, our yards are maintained as part of the HOA expense, which has saved us both time and money compared to the former mega mansion's half acre.
What a great change that must be! The cost of any new furniture you might select can eventually be covered by the lower costs of taxes, utilities, and so on.
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Old 04-18-2016, 09:30 AM   #43
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What a great change that must be! The cost of any new furniture you might select can eventually be covered by the lower costs of taxes, utilities, and so on.
I moved from a condo to an over 55 mobile home park with a manufactured home. Space rent is about $600 a month. My condo HOA was 400 and taxes were about $233, so I am at a break even point because my taxes are now $30 a month
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Old 04-18-2016, 09:42 AM   #44
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I moved from a condo to an over 55 mobile home park with a manufactured home. Space rent is about $600 a month. My condo HOA was 400 and taxes were about $233, so I am at a break even point because my taxes are now $30 a month
I hope you got a good price for your condo. That could be a boost to your nest egg, even though your monthly expenses are at a break even point.
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Old 04-18-2016, 09:54 AM   #45
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I hope you got a good price for your condo. That could be a boost to your nest egg, even though your monthly expenses are at a break even point.
After living there 26 years it did not owe me anything. However, the proceeds were enough to pay for our new home and the balance divided among our 4 sons
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Old 06-05-2016, 07:25 PM   #46
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Many members here don't have much use for the AARP, but they do offer some very good information for people in the retirement age bracket. Here's one particularly good article that goes into decluttering, along with some interesting estimates of cost to keep or get rid of.

Downsizing and Moving? Items to Throw Away Before Relocating - AARP
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Old 06-07-2016, 03:47 PM   #47
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DW is really good at getting rid of "stuff". So I have gradually adapted and we have a rule: If you have not used or referred to it in a year, you don't need it. It does not matter how good that book was. It goes to someone who might benefit from it.

If you find a need for it in the future, buy it online in soft copy. Far less of a fire hazard! And easier to move. We can leave books in the lobby of our condo and recycle automatically. In Mexico, there is a lovely coffee shop called "A Page in the Sun" who gives you partial credit against the purchase of other hard copy books in their extensive library.

(I think it was cassettes that taught me that lesson. Technology made them obsolete!)
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