Is Your Home the Right Fit
There comes a time for any of us to either downsize or upsize. And it’s always good to know your options.
Home too big?
Has your home and yard become a lot to maintain? Do you have a big home repair on the horizon? Would you rather spend your time and money instead on things like visiting family and friends, taking that dream trip or pursuing a new hobby?
Looking to downsize?
- ADUs (accessory dwelling units)
- Condo or townhouse
- Age 55+ developments
- Shared living options
Typically, sellers 59+ moved to a smaller space.
Or not big enough?
Has your family outgrown your current space? Maybe you need room for a home office or gym. Or the kids need a room of their own?
Looking to upsize?
- Larger condo or townhouse
- New home construction
- Existing homes for sale
- Home addition
Townhouse construction starts increased by 21% year-over-year in Q1 2024.
An estimated 668,000 newly constructed homes were sold in 2023 (+4.2% year-over-year).
Ready to Take the Next Step?
- Talk to people already living in the community you are considering. It will help you get out a true sense of the culture and vibe there. I can connect you to local sources.
- Research online sources for more information and reviews. Check out official town/city websites as well as various social media pages.
- Create a list of your “need to haves, ” “nice to haves,” and dealbreakers.” This will help you compare communities to see which ones will most likely be the best fit.
If you or someone you know is considering a move, feel free to contact me with any questions. I’m here to offer clear, concise information you can trust. If you are moving to another area I can connect you to a trusted agent in my network.
For a printable copy of this newsletter, click here.
Sources: 1. eyeonhousing.org/2024/05/a-strong-quarter-for -townhouse-construction/ 2. fanniemae.com research-and-insights/perspectives/older-homeowners-are-financially-confident-aging-place 3. redfin.com/news/baby-boomers-aging-in-place/ 4. thezebra.com/resources/home/average-length-of-homewnership/ 5. hud.gov/press/press_releases_media_advisors/hud_no_24_015