When it comes to downsizing, choosing the right location is an important decision that can impact your daily life and overall well-being. It’s important to understand the conditions that are important to you so you can research and carefully consider your location options. It may be helpful to make a list to help define your search.
Here are some of the key factors to consider when choosing the right location when downsizing.
Easy Access to Essential Amenities and Transportation
It’s important to think about what amenities you need and want to have nearby. This could include shopping and grocery stores, hospitals and doctors offices, community centers, public transportation, access to highways and more. Think about your daily routine and what amenities are essential for you. Maybe you want to have amenities within walking distance. Consider the proximity of these amenities to your new home, and the quality of the services provided.
Cost of Living
Many people choose to downsize to save money, so it’s important to consider the cost of living in any location you’re considering. This includes housing costs, HOA Fees, property taxes, utilities, and other expenses. Prices can vary significantly from one community to another, so make sure you do your research and compare the costs of different locations.
Community
When you downsize, you may be leaving behind a community that you’ve been a part of for years. It’s important to find a new community that will provide you with the social support and activities you need. Consider the type of community you’re looking for, such as a retirement community, an active adult community, or a community with a mix of age groups. Is it important for you to have amenities such as a pool and party room? Or do you prefer privacy and space for your hobbies?
Family and Friends
Many people choose to downsize and at the same time move closer to family and friends. Consider how close you want to be to loved ones and how often you’ll want to visit them. If you like to entertain, how much space do you need in your new home to comfortably have your friends and family over? You may have an adult child still at home who needs a space of their own. All of these are important considerations.
Access to Outdoor Spaces
If you like to run, walk or just enjoy the outdoors, access to outdoor spaces will be important to you. Do you want a playground for your grandkids? How about a local dog park for your furry kid or a place to launch your kayak? Research the park and trail systems in any areas you are interested in. It’s also worth checking out any classes or organized activities the local park and recreation board provides.
Safety and Security
Consider the crime rate in the area you’re considering and if you are considering an association, what are the security measures in place in the community? Is the home or community well lit? Are there smoke and carbon monoxide detectors in the appropriate places? Consider the placement of windows and access doors in the home. Do you need a security system? All of these factors will help you feel secure in your next home.
Home Type and Size
When downsizing, you may be looking for a smaller home with less maintenance. Consider the type of home you want, such as a single-family home, townhome, or condo, as well as the size and layout of the home. Additionally, think about any modifications or accessibility features you may need as you age if this is to be your forever home.
Choosing the right location when downsizing is an important decision that only you can make. By taking the time to research and evaluate your options, you can find a location that meets your needs and provides you with the lifestyle you desire. We are here to help. Reach out to Myra today to start the conversation.
