Living Kelowna Podcast: When Is The Right Time To Downsize? Find Out Now!

In this insightful podcast episode, Brandon, a certified senior real estate specialist with eXp Realty in the Kelowna area, guides listeners through the challenges and considerations of downsizing as they age. As the average retirement age in Canada is around 63 and a half years old, Brandon offers valuable advice on downsizing with confidence. He delves into the emotional and practical aspects of moving into a smaller home, addressing concerns like overwhelming maintenance, accessibility for aging in place, and the financial implications of downsizing. Join Brandon as he shares expert insights, encouraging careful planning and research to help individuals find a new home that aligns with their lifestyle and budget, all while preserving cherished belongings.

Highlights:

1. The average retirement age in Canada is just over 63 and a half years old.
2. Downsizing involves emotional challenges, such as parting with long-held belongings.
3. Practical considerations include finding the right location and ensuring the new home fits the budget.
4. Overwhelming home maintenance, including lawn care, snow shovelling, and cleaning, can prompt downsizing.
5. Aging-in-place considerations involve assessing the accessibility of essential areas like the kitchen, bathroom, and bedroom.
6. Evaluating the cost of living in the current home, considering taxes, water bills, mortgage payments, and more.
7. The potential financial benefits of downsizing include adding cash to savings from the sale of a home.
8. Brandon offers a Downsizing Guide and encourages listeners to connect for a free downsizing consultation.

Key Takeaways:

1. The importance of careful planning and research when considering downsizing.
2. Factors to assess when thinking about aging in place, including home accessibility.
3. Financial considerations, including the potential cash infusion from downsizing.
4. Expert guidance and a Downsizing Guide are available for those looking to navigate the downsizing process confidently.

Relevant Quotes:

1. "Moving into a smaller place means getting rid of furniture and other belongings you've had for years, which can be emotionally difficult."
2. "Has the maintenance on your home become overwhelming? Lawn care, snow shovelling, cleaning, vacuuming … even minor repair work can take their toll on your time, money, and health."
3. "Are you house-rich and cash poor? Central Okanagan home values have increased by over $600,000 for the average single-family home in the last decade."
4. "It's never been easier to downsize! Connect with me for a free downsizing consultation, and we can work together on creating an ideal plan."

Are you thinking about downsizing your home? Don’t go at it alone! Reach out to Brandon and the team to schedule your downsizing consultation today, and be sure to download a copy of our super helpful guide to downsizing your home without losing your mind. Download your Downsizing Guide now!

Listen to the Living in Kelowna Podcast with Brandon Grass on your favourite podcast platform.