Five questions to ask yourself when considering your downsizing options

Before you begin your downsizing journey, there are some critical questions to ask yourself that will help you work out what’s the most important things in life to you.

  • What’s on my bucket list?
  • What downsizing options can I consider?
  • Where do I want to downsize to?
  • What do I want my life to be like?
  • How do I make this happen?

Consideration 1: what’s on my bucket list?

Do you feel overwhelmed by house and yard maintenance? Is your wealth tied up in your house? Do you need a cash injection? Am I looking to spend more time travelling or with family?

 

Consideration 2: what downsizing options can I consider?

Should I:

  • Stay at home and modify my property
  • Move in with family
  • Purchase an apartment
  • Move to a traditional retirement village
  • Downsize to a lifestyle community?

 

Consideration 3: where do I want to downsize to?

Do I want to stay in suburb or region I currently live in or would I love to make my next move to a sea or tree change location?

 

Consideration 4: what do I want my life to be like?

It’s your life, live it your way. You have the choice, control and flexibility to do as much or as little as you chose when downsizing to a lifestyle community. There are regular social activities, health and wellbeing programs, a sense of belonging, travel groups, care concierge if you need it in the future. You have more time, more control, more freedom and absolute independence. What do I want my new lifestyle to be like?

 

Consideration 5: how do I make this happen?

Who can help me? Who can I trust? What do I need to know? Who will listen to me and understand what my priorities are?