Is it time to downsize?

time to Downsize?

Is it time to downsize? 

When people ask themselves, is it time to downsize? It is important to know that downsizing is not downgrading. It is about simplifying and changing your lifestyle to one that better fits you and your family. Think of it as rightsizing! When looking at rightsizing, here are some options to consider:

  • Checking out different neighbourhoods

There are many different neighbourhoods and types of houses in Ottawa and the surrounding areas to suit your preferred lifestyle such as adult or retirement communities, bungalows, townhouses, condominiums or apartments. They offer many different lifestyle options, whether you are looking for a quieter, less hectic environment, an active social hub or parks, schools and other amenities geared towards younger families. Think about what you do day to day and where you would like to be close to: parks, shopping, other amenities, family and friends. Check out different Ottawa neighborhoods and what they offer.

  • A smaller home

It is important to consider your needs, as smaller space will mean reducing your possessions that you will no longer be able to store. It is important to ensure you know what you are looking for before you begin your journey to find a smaller, more manageable home that meets your lifestyle needs. Consider what is important to you, what you spend your money and time on.

When moving to a smaller home:  Make a plan with a timeline, organize – classify your possessions (keep, give, sell). Donate and sell possessions – start with one simple room to make room for storage. Then progress one room at a time at the pace that is good for you. If you need help there are professionals that can help you organize and get ready for the change. These steps will also help make selling your house easier.

  • Buying a Condominium

A condominium offers a maintenance-free lifestyle and often many amenities such as swimming pools, gyms, security, social activities and others, depending on the type of condo you buy. Keep in mind your budget should include the monthly condo fee.

Before making the move to rightsize, create a list of your concrete needs, and understand why it’s important to make this move. This is essential to ensure you don’t rightsize into something that doesn’t meet your needs.

Are you considering rightsizing? You can count on our team of experienced Ottawa REALTORS® to guide you through the process every step of the way! We have professional contacts to assist you in getting ready and we would love to have a discussion with you about all of the options and communities that will be best suited to you!

Feel free to Contact us