Ways to Downsize

When you're ready to downsize, there can be a variety of options available. Do you want to hit the road? Are you seeking less home maintenance? Or maybe you'd prefer less space to fuss over. Downsizing can accomplish many goals, but first homeowners must determine what is most important to them.

A few options include selling your current home and...

• Building a new house. If you've always wanted to have a home with bells and whistles tailored to your specific taste, now could be the right time. A local builder can take your exact wants and needs into account, combine it with your budget and get to work building a custom home just for you.
 
• Moving in with relatives. Those who are very close to their family members may consider cohabitating with them. This arrangement is for folks who don't mind having too many cooks in the kitchen or who will be moving into a home with ample space.
 
• Purchasing a tiny home. It seems tiny homes are all the rage these days, and they can be great for buyers who are true minimalists. But those who can't part with items they've accumulated may be not be up for the challenge.
 
• Living in an RV. Who doesn't have the occasional thought of selling everything and heading out onto the open road? But for a transition that works long-term, it helps to look at what can best accommodate your needs not only now but for the future as well.
 
• Buying a condo. A low-maintenance unit that owners can feel comfortable leaving when they wish to travel can be a sight for sore eyes. Some of these homes feature loads of living space and first-class amenities. There are even 55 and better communities that offer activities as well.

If it's time to downsize, weigh your options carefully. Look at all available choices with a trusted professional before jumping in to feel at ease in this next stage of life. No matter the type of home you select, downsizing can be a rewarding experience.