Rightsizing your home is evaluating your current living situation and determining if your home is the right size and layout for your current and future needs. As we go through different life stages, our housing needs can change, and rightsizing can be a great way to ensure your home meets those needs.
- Tip for Senior: Consider what you will need in 10 to 15 years when redesigning the spaces. Ask yourself, “Do I prefer rooms all on one level?” “Will any of my family members come to live with me?”
One of the main reasons people rightsize their homes is because they have too much space they don’t use anymore. If you find yourself with empty rooms or areas that don’t serve a purpose, downsizing to a smaller home can be a great way to save money on heating, cooling, and other expenses while also making it easier to clean and maintain your home.
Another common reason to rightsize is that you have a growing family and need more space. As kids grow and leave the nest, parents may want to downsize to a smaller home that is easier to manage and maintain or perhaps upgrade to a bigger one to accommodate a multigenerational living or home office situation.
When rightsizing, it’s important to consider your current and future needs, such as accessibility and mobility, and consider how your home can best meet them. It’s also important to consider your lifestyle and what type of home best supports that lifestyle. For example, if you like to entertain, a home with an open floor plan and a large backyard may be ideal, but if you prefer a more private and low-key lifestyle, a smaller home with fewer rooms may be better suited for you.
- Tip for Senior: Ask yourself questions like “Will I need grab bars in the bathroom?” or “Will you need a railing to get up and down stairs?”
It’s also important to consider the location and neighborhood, ensuring the new home will be in an area you like, with all the amenities and services you need.
Rightsizing can be a big decision, but with a little planning and consideration, it can be a great way to ensure that your home is the right size and layout for your and your family’s needs.