Senior Care
Login Register List Your Business Advertise   
Forum Health Care Options Relationships Grandparents Retirement Entertainment Money Contact Us


Is Downsizing in Your Future?
Written By : Burton Widener 
Rating: 0.0/5 (0 votes cast)

Individual home ownership in the U.S. has steadily increased since the end of the Second World War. As a result, the number of people entering retirement owning and living in single family homes has increased as well. And following the nationwide trend toward building larger homes, these homes are getting larger.

If you are one of these homeowners, sooner or later you will need to consider if you should "downsize" to simpler or less expensive place to live. Here are some pros and cons you might want to consider.


Repair Costs - The cost of maintaining a large single family home can be expensive. As the home ages it needs more work to prevent deterioration, particularly if you live in an area with harsh cold or hot weather. Since you are aging along with the home you will find more and more of this work is beyond your physical capabilities so you will be spending more on having this work done by hired professionals.

Routine Care - Someone has to mow the lawn, tend the landscaping and do general interior cleaning. As you grow older you will find this isn't as easy as it once was. Besides, it consumes time that could be devoted to more enjoyable activities.

Taxes - Property taxes can be very high in some states, and are almost sure to grow even higher as time goes on. The large federal deficits will put more pressure on state and local governments to carry more of the burden for social programs, and in most states this means pressure to increase local property tax rates.

Time Flexibility - Owning a home tends to anchor you to one region. It tends to limit the distance and duration of travel as there is always the need to stay connected to home base. Without this burden it is much easier to explore living in different localities because you can stay for an extended time. Eliminating the burden may make it possible to "follow the sun" and spend summers and winters in a climate more to your liking.


Family - For many, the existing house was where the kids were raised and it contains memories that are important to the sense of family. It's a big deal to sell those memories no matter why. It may also represent the bulk of the inheritance to surviving family members.

Financial - After taking into account all the factors like selling expenses, taxes, relocation and other living costs, it may be that it is less expensive to continue in the present house. This can be true if the mortgage is very low or paid off.

Security - There is a strong sense of security that comes from owning your house and it is just too scary to think about being detached after all the years of living in the same place.

In any case downsizing is not a decision to be made lightly. It requires a lot of thought and planning. You also need to have a clear idea of what your future lifestyle plans are and how attached you are to the existing house.

About The Author: Burt Widener writes extensively on issues concerning retirement. His website at offers a range of articles and other resources to aid retired persons find answers to common questions regarding retirement. The site includes a blog and is updated frequently to keep the content current.

Find out more about: retirement
  More from Burton Widener
Mistakes Grandparents Should Avoid
Grandparents : Grandparents
Look Who's Online Now
Entertainment : Entertainment
Choosing the Right Place to Retire
Senior Living : Retirement Living
View More

Popular Articles
Redefine Yourself for Retirement How to Avoid Ruining Retirement Living at Home With Dementia Misunderstanding Home Care
If you're like most folks, you have your doubts about retiring. On one hand you may be elated. On the other hand, you may be a bit frustrated because you have no idea what... Wealth seems to be everyone's dream; the ability to relax a little more, to not stress so much about finances and to enjoy the "good life." So often it is believed that wealth... For adult children the recognition of dementia can either be a slow process or it can be "WOW! Things have changed!" This coupled with honoring the loved ones wishes about staying at home can... There is so much misunderstanding about homecare that I want to help clarify the misunderstandings. Many refer to homecare as home health or just homecare without ever...

Read More>>>   Read More>>>   Read More>>>   Read More>>> allows the elderly to find local senior care services including home care agency, assisted living facility, retirement community, adult day care, hospice, elder law attorney, funeral homes, area agency on aging and more. Read senior care articles about medical alarms, senior lifestyle and care options.