downsizing for retirement

Downsizing for Retirement

Downsizing usually goes hand-in-hand with a big life change, such as retirement. A downsize around retirement may have a few differences from other downsizes. (See our blog post on “Major Challenges of Downsizing” for tips on how to overcome common obstacles when downsizing.)

Here are things that retirees have overlooked in the past that you should keep in mind while going through your downsizing process and dwindling down what you own.

Yard

When people downsize houses, typically their property gets smaller too. Be sure to go through all your yard equipment and get rid of anything that will not be used at your new property.

Tools quickly become obsolete, whether they were bought specifically for a prior project or because your new property has a different type of landscape. You may even hire someone to do the yard work for you at your new home. So, if you don’t foresee doing yard projects yourself and needing certain tools, then it may be time to purge some equipment.

Hosting

When retirees downsize, many of them think they will still be hosting the same way they did at their old house. Maybe you will still host Thanksgiving and other special occasions but remember that your home is smaller. You shouldn’t need more table settings, seating, and serving dishes than your house can even hold. Think about the last time you used something and if you will still need it in the future. Consider the frequency and size of events you will host in your new home before you move.

Location

Another significant factor of downsizing is where you are going. A number of retirees move out of state, and some move to an entirely different climate. (See our blog post on “Tips for Long-Distance Moves.”) Certain belongings may not be helpful in your new state. Things like winter clothes, heaters, and snow shovels/blowers may be unnecessary if you are moving to a place with a warmer climate.

Preparing for Downsizing in Retirement

If the process of downsizing for retirement feels overwhelming, then consider hiring professionals. There are downsizing companies that will walk you through everything and can help sort, sell, and pack your belongings.

As always, Top Noth Moving is happy to help. We can provide packing, transportation, and storage solutions tailored to your needs.

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