Your home may have features that no longer fit your lifestyle.
LIMITED TIME OFFER: Schedule a FREE Home Evaluation and receive a $25 HomeSense Gift Card!*
AM I READY TO DOWNSIZE?
There’s a host of reasons for downsizing to a smaller home. You might want to pocket the savings and build upon your nest egg, or perhaps, you’re ready for a new adventure and eager to move to a bungalow or condo apartment in your desired area. Your children may have flown the coop and the additional bedrooms and bathrooms are no longer of use.
Whatever your motive for downsizing, an honest evaluation of your expectations is essential to make an informed decision. This is why we believe it is wise to ask yourself the questions found in our downsizing guide before you even begin to look for a smaller property.
We understand that it may feel like it's "never" the right time to downsize, however, our checklist should provide you with further insight on an appropriate timeline depending on your current needs and living conditions. Click here to access our downsizing checklist.
HOW WILL DOWNSIZING BENEFIT MY RETIREMENT?
THIS IS A VERY IMPORTANT QUESTION.
It needs to be asked whether you are retired, heading towards retirement, or just planning in advance.
Retirement usually means living on a fixed income, unexpected home repairs, escalated taxes or other unplanned expenses. These are sincere hardships in retirement. We would suggest speaking to your financial planner as to how your real estate fits into your retirement planning. We often assume that downsizing will result in fewer expenses for housing, however, that is not always the case.
UPSIDES OF DOWNSIZING
1. LOWER PHYSICAL BURDEN
Moving into a smaller space may reduce the amount of yard or housework on your to-do list.
2. A SAFER ENVIRONMENT
Transitioning from a two-storey home to a single floor plan will remove a major fall hazard; stairs.
3. FEWER DECISIONS
Minimizing your personal belongings will help simplify your everyday life - thus helping you make fewer decisions each day.
You've decided that now may be the time to start the downsizing process. We're here to help!
LIMITED TIME OFFER ($25 HomeSense Gift Card)
*TERMS & CONDITIONS
1. Offer is valid from January 1st - April 30th, 2023.
2. Offer only applies to home evaluation of direct home owner.
3. Home owner must be present for the entire duration of home evaluation.
4. Gift card will be provided in person once home evaluation is complete.
5. Gift card is non-transferable.
6. No cash value.
7. Limit one (1) per household.
8. Home must be located within the GTA, Halton, Hamilton, Niagara, Brantford and Waterloo Regions.
TIPS FOR GETTING STARTED
IF YOU HAVE FINALLY DECIDED THAT NOW IS THE TIME TO MAKE YOUR MOVE, HERE ARE A FEW TIPS TO MAKE THE PROCESS EASIER.
1. START EARLY
It’s relatively easy to sort out the furniture you’ll want to take with you, but don’t forget about sorting through the contents of every drawer and shelf. If you can, start two to three months ahead and aim to work in two or three-hour chunks so the task doesn’t become too exhausting physically or mentally.
2. CHOOSE HOW TO SORT
We recommend tackling one room at a time, then sorting by category. Start with clothes, then books, papers, and finally, items with sentimental value. You will then file items under three piles — KEEP, DONATE or TRASH. Do not create a MAYBE pile as it just prolongs the process. Making yes or no decisions helps you feel more accomplished. Be ruthless about multiples; you’ll only need one frying pan, one or two sets of sheets, etc. Only take what you actually use.
3. USE MEASUREMENTS TO GUIDE CHOICES
Measure the storage area in your new space, then tape off the equivalent space on the floor of your home. Fill that visual template as you go. Choose multitasking furniture as much as possible (some ottomans double as storage and a coffee table.) Take pieces that make your space feel like home, without the clutter.
4. EDIT YOUR COLLECTIONS
If your collections won’t fit the new place, pare down by choosing one or two favourite pieces to highlight. Plan to display items on walls if possible: tabletop displays consume valuable space. Do keep supplies and items that support your favourite hobbies: you’ll have more leisure time once you are settled in.
5. ASK FOR HELP
Ask your children or grandchildren to assist, or call in professionals. Many organizing, moving and other professionals can objectively help with the process of decluttering and downsizing. Selling items online can be time consuming, but if your items are valuable, it might be worth hiring a service to run an estate sale on your behalf.
6. CELEBRATE THE PROCESS
There’s no question that downsizing can be tough, but you’ll make it more pleasant and manageable if you build in time to rest and cherish memories along the way.