might need a smaller home without stairs and with an extra bedroom to host overnight guests and other family members, but you could hire someone to update the countertops or cabinets. And while kitchen appliances are certainly nice to have in a new home, they are easy enough to replace, even though it will come 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 (this would definitely be a need, 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.
Key Takeaway:
If you choose to purchase your next home for downsizing, whether it’s a small house, a townhouse, a condo, or apartment, you should first understand that everyone’s home-search experience is different. The home-search process in downsizing also begins with picturing your ideal home for this next stage of your life, and then creating a list of your needs (the non- negotiables) as well as your wants (the “nice-to-haves”).
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