We are hoping to downsize from a larger suburban residential home to a smaller single floor house, in an over 55 community. It can become necessary for some to do so, as they age and are not fit enough to maintain a large residence. This is not exactly our situation, as we could easily live another 5-10 years in the large house. However, if we downsize to something smaller and more manageable, we could easily split our time between north and south during the cold winter months, without having to worry about storms, damage, security etc, amongst other things while we are away.
There are pros and cons with downsizing, and hoping to learn from others that have gone thru this process about any potential pitfalls. We are hoping to minimizes and avoid regrets not thinking thru these decisions. With the larger house, we’ve enjoy the prestige, beauty, style and all the wonderful things of having a large acreage. On the flip side, the over 55 retirement community offers a different opportunity - less maintenance, no more snow plowing, no more leaf raking, smaller taxes and utility payments. These over 55 communities can be equally prestigious and in beautiful settings.
Would appreciate any thoughts from couples that have gone thru this stage and lessons learnt. Many Thanks.
There are pros and cons with downsizing, and hoping to learn from others that have gone thru this process about any potential pitfalls. We are hoping to minimizes and avoid regrets not thinking thru these decisions. With the larger house, we’ve enjoy the prestige, beauty, style and all the wonderful things of having a large acreage. On the flip side, the over 55 retirement community offers a different opportunity - less maintenance, no more snow plowing, no more leaf raking, smaller taxes and utility payments. These over 55 communities can be equally prestigious and in beautiful settings.
Would appreciate any thoughts from couples that have gone thru this stage and lessons learnt. Many Thanks.