Many baby boomers, and their parents, are at the stage of life to seriously think about downsizing. They have a lot of company. Nearly 40 million people in the United States, or 13 percent of the total population, were 65 or older in 2007, according the U.S. Census Bureau.
As individuals live longer and families are often geographically dispersed, more elderly adults are faced with the trauma of relocating, often from a place they've called home for decades. Every nook and cranny holds special memories. The thought of leaving them behind can be overwhelming.
The good news is that memories don't have to be left behind. But choices will need to be made about what physically goes with you and what mentally stays with you. You can browse heritagepartners.com.au/downsizing/ to get more info on downsizing property.
It is much easier to start downsizing your home while you are still able to make your own decisions. Downsizing doesn't get better, or easier, with age. Consider beginning the process now rather than during a crisis when others will have to make choices for you.
Benefits of downsizing
You make decisions about where to relocate and the type of housing that suits you best.
Your family won't have to act on your behalf in a crisis mode.
There's time for thoughtful decisions about what to hand down to family members and what to keep.
Instead of uncertainty, there's peace of mind knowing that you're settled in a place of your own choosing.
Even if you delay a move to smaller quarters, you can get a head start on the tough task of deciding what goes and what stays.
Downsizing tips for seniors
Let your family know that you're ready to start the process. Consult with them and create a plan for family involvement.
Downsizing can seem daunting. It helps to break the process into manageable tasks. For example:
Select a room (master bedroom).
Select an item (bureau).
Select part of the item (one or two drawers at a time).
Remove everything from the bureau drawer. Identify special "treasures" you want to take with you and those you're willing to pass along to family members, give to friends, recycle or donate.