Regardless of your age, making the decision to move to downsize from a larger home to an apartment can be very hard, or very exciting.
But sometimes you may not have a choice, especially as the years go by. As an older adult, the practicality of downsizing may outweigh the sentimental value and familiarity of your current, larger home. Here are some reasons that it may be right for you to downsize to an apartment in West Columbia, SC.
Keeping a well-maintained larger home requires a lot of work. Whether it's yard chores, replacing broken roof shingles or other jobs outside and inside the home, the upkeep can leave you exhausted.
Or, perhaps you're simply no longer able to do certain household maintenance tasks due to age-related physical ailments.
The solution is to hire others to do the job or ask family members who may or may not have the time or skill. But whether you're living by yourself or with someone else, maintaining a larger home may become overwhelming.
Retirement is a common motivator for older adults to downsize homes. If you've retired or are planning to soon, you may want to decrease your annual expenses while making sure you have enough saved for the rest of your retirement.
Moving into a smaller home or independent living community can cut down on your mortgage, taxes and insurance payments, leaving a cushion in your bank accounts.
Too Many "things"
You may be having a harder time finding things around the house. This doesn't mean you're experiencing cognitive issues. But it may be a sign that you have too much stuff, some of which you don't need anymore.
Downsizing will force you to prioritize your possessions and hang on only to what's most meaningful and what you really need.
Need to Meet People
Whether you're living alone or not, loneliness can become a factor in a larger home, especially after your children have moved out or moved far enough away that they can only visit infrequently, or if your spouse has passed away.
Downsizing and moving into a retirement community will not only lighten your load and responsibilities, but it also can revive your social life, providing a built-in network of neighbors and new acquaintances.
Your larger home is no longer affordable
If your mortgage payment and utility bills are creating financial strain now that you're no longer working, a downsize to a smaller home can be a smart solution. Selling your larger home may provide financial relief. Plus, being free from the financial burden should boost your overall well-being.
There are a lot of reasons why downsizing from the home you've known for years or even decades can be difficult. But when staying in a larger home becomes more of a burden than not, the answer to whether you should be clear.