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Considering a Later-In-Life Move? How long do you expect or hope to stay in your present home? 1-3-5-10 years?

Most of us have no problem planning a vacation whether it's a long weekend getaway or a one, two or three week extended vacation. In fact, if we are going somewhere warm in the winter or a cruise or even a ski trip with friends or family we tend to be very excited about the planning not to mention the actual day of departure when the excitement builds. Right?
Now that we've set the stage for the benefits of planning we wouldn't likely start our vacation without making an itinerary including housing accommodations and lots of other equally important components of our trip to insure maximum enjoyment, quality of how we spend our days and our safety and well-being on this temporary journey.

Realizing as we age, we will also likely see major benefits of planning our more permanent year round housing needs so we can stay living as independent as possible for as long as possible. Wouldn't you agree?

Most all of us would not want to be a burden to our kids, family or friends or neighbors.
Yet if we don't have a back-up plan or contingency plan in place as we age, "having no backup plan" could make the difference of how many good options we have available should we have a life event that could compromise our health at any time.

This reminds me of the Boy Scout Motto of "Be Prepared" can easily help maintain ways to continue to live as independently as possible assuming that is most people's goal especially as we age.

So why not ask ourselves a few simple questions to start creating your own customized plan whether it's aging in place, smart sizing into a smaller home such as a ranch style or patio home or condo, a 55 plus community or other Senior communities that provide the continuum of care services with resort type lifestyles that promote maintaining active life style in great surroundings.

Things to ask yourself:

How long do you expect or hope to stay in your present home? 1-3-5-10 years.
Once you determine your ideal time line you can work it backwards by saying if I might be considering a smart sizing move in X years let's start tackling some home projects that can make my possible move easier 5 years from now. Instead of being overwhelmed with decluttering just do 25% each year for the next 4 years and you will find it much less daunting when you decide you want to move.

Some other home improvements could be easier to complete sooner than later and allow you to enjoy them before you decide you're ready to move. Also, if you think you don't have the energy to prepare for a future move it tends to not get any easier five or more years from now. So at least start tackling some critical tasks sooner than later.

For example: Having an inspection done on your house to determine if all the homes systems are operating well or could it help to be better informed as to their condition so if there were problems or concerns they could be resolved and make our home more sellable to get top value whenever we did choose to sell.

If you haven't had your roof checked in a while it's possible that you had some wind or hail damage and get your insurance company to determine if it is bad enough that they'd replace the roof assuming you paid your deductible portion. A newer roof can definitely give a future home buyer more reason to consider offering on your home instead of another home with an older roof with limited life remaining.

Just remember you wouldn't usually intend to sell an investment or stock at its lowest point so don't forget your planning or preparation can make a significant difference in the yield for what you could realize in home equity proceeds regardless of when you decided to sell your home which is often most people's biggest financial asset.

For a free no obligation brochure related to "stats on the costs of staying in your home too long", or for more information regarding later in life move options or strategies to remain living as independent and active a lifestyle as possible, you may contact Jim Holmes, Senior Real Estate Specialist & Certified Senior Housing Professional, at 303-475-7249 or jimholmes@kw.com, www.GreatLivingColorado.com

Great Living in Colorado

Keller Williams Realty  DTC, 6300 S. Syracuse Way Suite 150, Centennial, CO 80111

Jim Holmes : 303-475-7249
Patrick Panzarino : 303-956-2949