at a cost. Some homeowners who are downsizing would like to keep a small private yard so they can continue their passion for gardening (this would work with a small single-family home or townhouse), which could be a need or a want; still others entering their senior years definitely need their new home to not have a yard for them to worry about maintaining and landscaping, and choosing a condo, apartment, or community living would better suit these individuals. But everyone is different, and this is important to keep in mind when you’re creating your list of needs and wants.
Points to Remember:
When downsizing, whether you’re considering a smaller house, townhouse, condo, or apartment, start by envisioning the lifestyle you want in your next home. From there, make a clear distinction between your needs—the non-negotiables essential to your daily life—and your wants—the features that would be nice to have but aren’t deal-breakers. Understanding this difference helps focus your search, simplifies decision-making, and ensures your next home truly fits this new stage of your life.
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