Downsizing With Distinction

In decades past, downsizing one’s residence was often viewed as a negative event. This, however, is no longer the case. Many homeowners are choosing to opt out of a large home in a traditional neighborhood and instead embrace the chance to have a new adventure by purchasing a smaller property offering the opportunity to escape the maintenance of their current home and enlarge their lifestyle. Downsizing to a sexy high-rise apartment in an eclectic urban chic location is hardly what downsizing was in your parents’ or grandparents’ day.

Many downsizers not only sell their home and purchase a smaller home in their current location to be near family but also purchase a vacation home or second home in a new and exciting destination! This enlarges not only their own lifestyle but also that of their family.

As you make plans to downsize with distinction there may be emotional decisions to make and lifestyle preferences to consider. And we can’t neglect to examine the financial ramifications of your decision. For downsizers, the financial side of the move is often the most important to sort through prior to moving on to the needs and wants in their next home.