Is Your Home the Right Fit?

by Danyelle Brothers

There comes a time for many of us to either downsize or upsize.  And it's always good to know your options.
 
Typically, sellers aged 59+ moved to a smaller space.
 
Is your home too big?
Has your home and yard become a lot to maintain?  Do you have a big home repair on the horizon?  Would you rather spend your time and money instead on things like visiting family and friends, taking a dream trip or pursuing a new hobby?
 
If you are looking to downsize, here are some viable options:
  • ADUs (accessory dwelling units)
  • Condo or townhouse
  • Age 55+ developments
  • Shared living option.

Townhouse construction starts increased by 21% year -over-year in 2024.

Is your home not big enough?

Has your family outgrown your current space?  Maybe you need room for a home office or gym.  Or the kids need a room of their own.

If you are looking to upsize, here are a few options you can look at:

  • Larger condo or townhouse.
  • New home construction.
  • Existing homes for sale.
  • Home addition.

An estimated 668,000 newly construction homes were sold in 2023, an increase of +4.2% year-over-year.

If you are ready to take the next step:

  • Talk to people already living in the community you are considering.  It will help you get a true sense of the culture and vibe there.  I can connect you to local resources.
  • Research online sources for more information and reviews.  Check out official town/city websites as well as various social media pages.
  • Create a list of your "need to haves", "nice to haves" and "dealbreakers".  this will hellp you compare communities to see which ones will most likely be the best fit.

If you or someone you know is considering a move, feel free to contact me with any questions.  I'm here to offer clear, concise information you can trust.  If you are moving to another area, I can connect you to a trusted agent in my network.

 

Sources:  1. eyeonhousing.org/2024/05/a-strong-quarter-for-townhouse-construction/ 2. fanniemae.com research-and-insights-perspectives/folder-homeowners-are-financially-confident-aging-place 3. redfin.com/news/baby-boomers-aging-in-place/ 4. thezebra.com/resources/home/average-length-oh-homeownership/ 5. hud.gov/press/press_releases_media_advisories/hud_no_24_0115 6. Buffini

Danyelle Brothers

Agent | License ID: 02024205

+1(408) 891-9205 | danyelle@danyellebrothers.com

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