Engel & Voelkers Jupiter RE
Arthur Martens Team, Engel & Voelkers Jupiter REPhone: (561) 221-6661
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What You Need to Consider When Downsizing

by Arthur Martens Team 06/09/2019

That time is coming if it is not already here. The kids are gone, and it is just the two of you—or, maybe there’s only one of you—and you feel like you’re rattling around the house like a couple of beans in a can. You’re tired of cleaning rooms that you never use. You’ve stopped visiting the basement, and you pretend that it isn’t even there. But you have no idea what things you should consider in purchasing that next “smaller” house. All you’ve ever planned for is that perfect house for the family, so … here are some things to consider.

If you’re still young physically, it’s hard to imagine not being able to do the things you have always done. Unfortunately, time does take its toll. 

Steps and doors...

Consider that you might want to find a single-story place with a master bedroom and maybe one guest room. That would seem simple enough, but unfortunately, not all single-level homes are created equal. The number one challenge as people get older is managing stairs. When you put “no step” in the equation, all the sudden you start to see how many steps are in many single-level homes. For example, there may be steps up to the front door, steps from the garage into the house, single steps from the dining room to the living room, a step into the bathroom, etc. Now you begin to wonder if the architect had “steps” on the brain. 

When buying your family home, you may not have even thought about doors, but there is the possibility of one day needing to use a walker or being in a wheelchair. Now, those standard doorways are a problem. Medical needs might limit you to exiting only through the front door—the only 36-inch door in the house. Oh yes, and there might be steps to get out that way as well. 

Fixed income...

The second challenge that happens as people get older, besides health challenges, is having a limited budget. In most cases, it’s fixed to your retirement income. So, it’s not just about the house payments. Even if you pay cash for your home, you still have gas, electric, and water bills. Take time understanding what those bills currently are, and determine if those will fit your budget. Then, decide if there's your room in your budget for them to up because you know that nothing goes down in cost. 

Time and effort...

Another consideration is lot size. You may really love to work outside in the garden or to have a garden that looks beautiful—even if someone else does the gardening. That is all well and good, but you should consider that there may come a time that it is too big or too costly to maintain. Do you want to move again because you cannot afford to keep up the yard or pay for all the water needed to keep it green? If you live in areas of the country that have lots of snow or ice in the winter, how much of the front walkways can you keep clean so you can come and go? If it is a large front yard with a long driveway and long sidewalks it may be more than you can handle.

These challenges are only a few of the things to consider when downsizing. Let your real estate professional know your needs now … and in the future.

About the Author
Author

Arthur Martens Team

Hi, I'm Arthur Martens and my team and I would love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my teams my real estate experience to work for you.

Our diversely experienced team specializes in serving the real estate needs of Palm Beach Counties' leaders & their families with unparalleled integrity. Known to provide a remarkable white-glove experience for locals and relocating residents alike. Connect with us to experience it for yourself or those you care about. 

"Dreams? Delivered!" That's not just a slogan for my team and I but the core of how the team does business and why leaders in Palm Beach County trust his team. Arthur & his team believe in serving others as they want to be served and won't take on a client or conduct a transaction unless there can be a win-win. This mode of operation arises out of many successes and "learning experiences" and has inspired a drive for providing excellence with a highly personal touch. 

Prior to moving his company over to the leading International brand, Engel & Volkers, Arthur was noted in the top 20 regionally of his previous firm and has since been quoted in / had his listing(s) featured in media outlets such as Architectural Digest, LA Times, Mansions Global, among others. 

Arthur has been a licensed real estate broker since 2003 and offered multi-state REALTOR services in the Midwest focused on luxury and vacation properties in Chicago & along Lake Michigan. During that time he was also the managing partner of a small real estate investment company serving investors nationally. Most importantly, Arthur is professional in his systems and how he leads his team…so every client can always expect a first class experience.