overall dynamic, as well as how frequently out-of-town family members and friends visit. Think about how often you’ll have overnighters and how much space you really need. Perhaps downsizing into a one-bedroom apartment isn’t the best choice, but you can still downsize into a smaller two- or even three-bedroom home so you have that space for your friends and family when it’s needed. I knew a couple who insisted on purchasing the largest home in an active adult community so all of their kids and families could visit. Five years later, they sold that large home because busy schedules prevented the “whole family” from getting together. Instead of holding onto space you won’t need the majority of the time, consider having large family vacations at another destination. Rent a large home on the beach, and invite everyone to join you. You’d be surprised how fast schedules clear when a beach vacation is involved. Does one of the above common objections to selling resonate with you and your situation? More than likely, more than one applies. Whatever your objection to selling your home for downsizing, there is a workaround and a benefit that you might not see or that you might not have thought about.
Key Takeaway:
It’s normal to have objections to selling your larger home for the purpose of downsizing into a smaller space, but there are plenty of upsides and long-term payoffs to offset any short-term hassles or concerns.
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