How Much Space Do You Really Need
Once you’ve decided to downsize, you need to assess what you have and what you no longer need. This will help you develop an understanding of what to look for when you begin your search. You’ll need to decide just how much you can downsize to and what utility you really do need in a home such as home-office, large kitchen, 3 bedrooms, etc. It also can get you started on the process of downsizing. By pre-analyzing what you need it can motivate you to finally clean out that closet that you’ve been meaning to do and help get your feet wet.
When you’re looking for a new home, it’s important to consider your current lifestyle and your future lifestyle. Do you have plans to travel, do you want to move closer to family or stay in the same neighbourhood? If you love your neighbourhood then look for something within it or if this is an opportunity to perhaps live within walking distance to shops or services, don’t be afraid to spend time in the new neighbourhood and ensure it really is for you. Will you be retiring soon and therefore planning on golfing more or travelling more? These types of questions can help you distinguish what you want in your new home. Refer to our first time buyers section for information on what to look for in your new home and where to start your search.