Kenneth Baker
Broker Prudential Rubloff Your Chicago Real Estate 2663 N Halsted Street Chicago, IL 60614 O: 312-772-4154 M: 312-399-4455 Contact Me |
Things to Consider before Downsizing
Kids off at college? Tired of all that extra real estate maintenance? There are many reasons for considering downsizing your home: you no longer need the space after the children have moved out; you may want to move closer to family; or you may want to move into a condominium to escape more arduous chores such as yard work and snow removal. Before you make the decision to downsize, consider the following:Decide whether you are ready to move and when you would move.
Have your home appraised to determine the potential proceeds from a sale.
Start looking for opportunities to buy a smaller home. Estimate how much you can save in reduced housing costs, and how much money you should set aside.
Research possible additions to ease life in your current home such as an elevator, or research locations of active adult retirement communities.