Downsizing your home for a smaller home ...while reinvesting in a simpler lifestyle.

I KONNECT The American Dream Homeownership

Hello and thank you Listeners for tuning in to I KONNECT weekly podcast your host and "YOUR REALTOR" Giovonnia with Coldwell Banker Realty. Welcome to the The American Dream homeownership......"Bridging the gap of homeownership while leaving a inheritance for future generation"

Questions you may want to Ask yourself. Even if your home is paid off by the time your grown kids move out.

*Is it worth it to downsize the house? Take a look at your lifestyle.

*Do you have unused rooms?

*Can you afford to stay in your current home for five, 10, or 20 more years?

*Is your yard easy to maintain?

*Do you feel isolated?

*Do you have too much stuff to manage?

*Do you have a lot of equity in your home?

Here's some concerns and things to consider: Things like stairs, multiple levels, outdated bathrooms, or long driveways and walkways become more dangerous as you age.

Benefits to consider: A simpler lifestyle:

*Roughly 51 percent of retirees ages 50 and over move into smaller homes and sixty-four percent of seniors say they plan to stay in their current homes.

*Moving to a one-floor space that's easy to access and navigate can help you age in place longer.

*Family- you might move later in life to be closer to your children, grandchildren who can help you age in place.

*Medical needs- Seniors with chronic conditions or needing more frequent medical care may need to relocate to be near their doctor or adult children or they might need to move into a space that can accommodate specific medical equipment.

*Better weather 25 percent of older adults plan to move to a warmer climate.

* Peace of mind!! Yes, start doing more of the things you enjoy. Such as: A over do vacation. *Reimagine your bucket list.

*Downsizing can save you a substantial amount of money when it comes to things like property taxes, insurance, and maintenance.

*Lower utility bills: It costs a lot less to heat or cool a smaller home. *There is no wasted space, such as vaulted ceilings, in a smaller home, less square footage decreases the amount of energy expended.

* Downsizing your home means that you trade your present house for a smaller or less-expensive one.

*Switch over to a condo or townhouse, or you could move to a home similar to yours in a more affordable area of town.

*No lawn care or less or no home repairs

Closing: I leave you with this take-away: The American dream homeownership is obtainable with understanding the process of becoming a homeowner. Your dream home is out there!!: Let's start preparing for a place to call home. Reinvesting in a simpler lifestyle has it's added benefits. Listener please submit to "YOUR REALTOR" Giovonnia your questions & comments on I KONNECT. Thank you listeners, for staying tuned and informed. I'll speak with you next week on I KONNECT, Anchor FM stand by till then.