Downsize right into the "Poor House"

By
Real Estate Agent with Century 21 At The Shore Realty

Being at the tail end of the "Boomers Generation," I am concerned about our retirement lifestyle. Does size matter? Our current home was comfortable while we raised a family, now the nest is empty. How many rooms to we have to heat in winter and cool in summer?  We actually live in about 1/2 our house. However what do you do when the children and grand-children visit, particularly if your progeny live far away? Their visits are precious and you really don't want to invite them to stay at the local Motel 6!

What are the concerns of finding another home? How about storage space? Not only do we have years of memories packed in boxes in the attic or the basement, but we still house treasures for the rest of the brood. Are all these things important, or are we just feeding the paper-eating critters? (what ever they are!)

High construction costs of new homes, coupled with declining sell prices means like other downsizers there may not be as much left over for us after we sell the current family home and purchase a hideaway in the woods, or the mountains, or by the sea.

Oh for the ‘good old days' when we all lived together on the farm, generation upon generation. Families were different then... good-night John-Boy!

Comments (1)

Diane Rice
Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL - Lansing, IL
SFR, SRES, CNC
This was very well written, worth a star and worth being featured.  We can all identify with this.  Thanks Bruce.
Jun 13, 2007 10:44 AM