In this edition of Grounded, we’re delving into the multifaceted process of downsizing. From decluttering to legal preparations, etc., this edition is tailored for adults embarking on this transition and for children stepping in to assist their parents as they plan for retirement and beyond.
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Why Downsize?
- Reduced Maintenance: Embrace a lifestyle with less upkeep and more time for what matters. No more cleaning gutters, shoveling snow or raking leaves!
- Lower Expenses: Enjoy the financial freedom that comes with a smaller footprint.
- 1-4% of your home’s value is an average of what someone should invest in home upkeep annually.
- Closer Proximity to Family: Strengthen connections and enjoy more time with loved ones.
- Community Amenities: Explore vibrant communities tailored to your interests and needs.
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Decluttering
Conquering the clutter is a crucial step in the moving and downsizing journey. Here are some practical tips to get you started:
- Sort Items: Lay out all of your shoes, pick your favorite pair! Next pick your second favorite pair etc. The mentality of what can you keep rather than what you are getting rid of results in greater success!
- Categorize Items: Sort belongings into categories like donate, sell, recycle, and keep.
- Purge: Embrace minimalism for a clutter-free environment.
- Find New Homes for Items: Donate, consign, or sell items you no longer need.
- Set Aside Time: Schedule dedicated decluttering sessions.
- Start with Hotspots: Tackle clutter-prone areas first.
Interested in a home organizer- Consider it handled! Send us a message and we’ll be happy to offer some recommendations.
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Legal Preparation for Selling
Before putting your home on the market, ensure you’ve covered all legal bases:
- Obtain Property Records: Check for any title issues or liens.
- Update Estate Plans: Ensure your legal documents reflect your current situation.
For legal assistance or support- Fear not, we’ve got your back! Message us and we’ll share some recommendations.
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Financial Considerations
- Consult with a financial advisor to assess the financial implications of downsizing, retirement planning and taxes.
Need a financial advisor recommendation- Leave it to us! Send a message our way for recommendations and we’ll get right on it.
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Mary Katherine and Stephen have your back! Just reach out whenever you need a hand getting your plan together.
Thanks for sticking with Higher Ground Real Estate!