fbpx

Aging and Downsizing

Downsizing Parents

Share this story:

Aging and Downsizing

Downsizing

What is it? According to the Merriam-Webster dictionary, DOWNSIZE is a verb.

‘down-size’ | ‘daun-siz’
downsized; downsizing; downsizes

Definition of downsizing:

  1. To reduce in size
    especially: to design or produce in smaller size.
  2. To fire (employees) for the purpose of downsizing a business. –I’ll let someone else write a Blog about this definition. 😉

I recently read somewhere that a better term for ‘downsizing’ is lifestyle adjustment.

“Downsizing may be viewed as being forced to reduce. We hear this when companies are ‘Downsizing’ and forced to reduce their workforce or the need to ‘DownSize’ a parent because they’re heading to a Retirement Community. No one likes to be forced to do something. That’s why, if given the choice, a Life Style Adjustment allows us to look forward to the future in a positive and healthy manner.”

Well said! I love the positive spin on a stage in life that’s often associated with many negative feelings.

IS A LIFESTYLE ADJUSTMENT FOR YOU?

Is your home too big for you?
Do you have the time or energy for your home?
Can you still maintain your home (health or financial issues)?

Whatever your reason, we all need to go through this at some point. It can be a daunting, overwhelming and maybe stressful time for some. This decision alone is probably the most difficult step in the entire process. So, once you decide to move forward, give yourself a pat.

Now that you’ve made the decision to make a ‘Life Style Adjustment’, here are some tips to help you along the way:

Start early (no, I don’t mean before sunrise, but if that works for you…great!) Give yourself lots of time. I suggest planning a minimum of 3 months in advance. You don’t want to feel rushed by leaving it to the last minute; this could make you feel overwhelmed.

How to Plan for Downsizing

  • Where are you going? This will help you to know what you can and cannot take with you.
  • How are you going to do this? Schedule a time to start sorting through all your items. Start in one room and complete that room before moving on to the next.
  • PURGE, PURGE, PURGE! Keep the stuff that you will take with you. But ask yourself, “will I have room for it where I’m going?” “Do I need it?”
  • Sort things you cannot keep into SELL, DONATE, and GIVEAWAY piles. This can often be challenging as you’ll have a sentimental value associated with things you don’t need to keep. I’d suggest that you have the assistance of an unbiased, honest friend or family member who can provide a second opinion.
  • GARBAGE ….. self-explanatory
  • Ask for help! It’s okay to ask family, friends or fellow group members for assistance.  This is a stage in life that we’ll all go through, and most people understand the need for help.
  • Hire a professional company to help with purging and packing. This comes at a cost, but it’s often worth it.
  • LABEL BOXES/BINS –sort through items to take with you, and if you won’t be using them till you move, pack them in boxes or bins and label them. You’ll be a step ahead of your move!

Moving Bins or Boxes?

Get bins –you can often find them used or on sale. Bins stack & keep their shape better; you won’t have to worry about water or moisture.

Digitize it! -Memorabilia like photos, letters, and grandkids’ artwork take up lots of space. You don’t have to throw it all away. Take photos, or hire a company to digitize your favourite pictures and videos onto a small device you can plug in and look at any time.

The Downsizing Conclusion

Focus on what you’re gaining, not losing – Change can be difficult. Think about how your life will improve with these changes. Think of all the extra time you’ll have to enjoy your days with your family, friends or just doing something you love.

LISTEN | THE REAL ESTATE PODCAST

Read | REAL ESTATE BLOGS

Buying, Selling, or Leasing?

Contact KT today for a no obligation conversation.

Inspired? Confused? Comment.

Read More

December’s Monthly Checklist

Winter is full of festive cheer, but it also brings unique challenges for homeowners. From stocking a winter emergency kit to ensuring fire safety and clearing icy walkways, these essential tips will keep your home safe and cozy all season long. Planning to sell your house this holiday season? We’ve got advice for that too!

Read More »

Events in Milton | Winter 2024 Edition

Milton is brimming with winter festivities this season! From holiday markets to family-friendly parades, discover the must-attend events happening around town. Whether you’re celebrating the holidays or just enjoying Milton’s community spirit, there’s something for everyone.

Read More »

The Ins and Outs of Real Estate Assignment Sales

Curious about assignment sales in Ontario? Explore what they are, why they’re increasingly popular in today’s market, and the key legalities and financial considerations for buyers and sellers. Find out if an assignment sale is the right move for you.

Read More »

Compare

Open House Terms & Privacy Agreement

for KT Open Houses

  1.  

1. Visitor Etiquette: All visitors are required to maintain a respectful and safe environment in our client’s property by adhering to the following etiquette guidelines unless otherwise directed by a representative of The KT Team:

  • Footwear: Please remove footwear upon entry to help preserve the property’s cleanliness.
  • Washroom Facilities: Visitors are kindly asked to refrain from using washroom facilities.
  • Personal Belongings and Furniture: For privacy and safety, please avoid touching personal belongings or opening furniture not part of the sale. Examples include dressers, media consoles, and most free-standing furniture.
  • Food and Beverages: Outside food and beverages are prohibited while touring the property.
  • Furniture: To respect our client’s space, please avoid sitting or lying on any furniture.
  • Pets: Pets are not allowed within the property.
  • Children: Parents and guardians are responsible for ensuring children follow these guidelines.

2. Visitor Tracking and Safety: To ensure the safety of our clients’ property and personal belongings and the security of our real estate agents, all visitors are required to provide accurate and complete contact information. This information is used to track attendees and ensure accountability.

3. Digital Communications and Follow-Up: By providing your contact information, you consent to receive digital communications from our real estate team, including information about this property, future open houses, and other relevant real estate opportunities. These communications may include marketing or promotional messages, and we aim to keep them relevant to your interests.

4. Opting Out: You may opt out of receiving digital communications at any time by contacting us directly at the contact points below or following the unsubscribe link provided in messages. Opting out will remove you from future marketing communications, although we may retain your contact information for internal records related to visitor tracking.

KT Realty
229 – 336 Bronte Street South
Milton ON L9T 7W6
info@kormendytrott.com
1 (800) 617-0090

4. Prospecting and Sales Activity: Our real estate team may use your information for prospecting and follow-up purposes. We ensure these communications are conducted respectfully and aim to provide opportunities aligned with your interests.

5. Privacy and Data Protection: We respect your privacy and are committed to protecting your personal information. Your details will not be shared with third parties, except as required by law or for purposes directly related to the safety of open house events.

6. Acknowledgment: By submitting this form, you acknowledge that you have read, understood, and agreed to these terms and conditions. You agree to adhere to any additional requests or instructions the real estate agents provide to maintain a safe and secure environment during your visit.