Downsizing Tips for Seniors

Image via Pixabay


Downsizing Tips for Seniors:
How to Safely Downsize Your Home
Amid the COVID-19 Outbreak



If you’re
ready to downsize your home for a more relaxed way of living in your golden years, you’re probably not thrilled about the idea of putting your downsize on hold until after the pandemic ends. In some cases, however, you may not need to. While it’s true that the COVID-19 outbreak has impacted the U.S. housing market in several important ways, there are some steps you can take to get the most out of selling your home during the pandemic — while keeping yourself safe and healthy at the same time. For some tips on downsizing your home during the coronavirus outbreak, read on. 

How to Buy and Sell a Home During the Pandemic

Selling a house during the pandemic poses a few challenges as many homebuyers are hesitant to schedule showings while shelter-in-place orders are in effect, and others would prefer to postpone their search for a home until prices drop even further. Additionally, there’s the safety concern of welcoming strangers into your home during the COVID-19 outbreak — especially when you’re a senior and deemed high-risk for contracting the virus. If you’re planning on buying your next home, you’ll also need to worry about entering other people’s houses during the pandemic. 

 

While these challenges may encourage you to postpone your downsize until the pandemic ends — or at least until your local shelter-in-place order has been lifted — it’s still very possible to buy and/or sell a home amid the pandemic. When buying or selling a home, you can take advantage of the following:

 

  • Video consultations with your real estate agent
  • Virtual home tours and open houses
  • Drive-by home appraisals (for buyers using conventional financing)
  • Electronic closings (available in some parts of the U.S.)

 

When hiring a real estate agent to assist you in selling and/or buying a home, you’ll want to make sure that the agent you choose is comfortable using technology. Additionally, it’s important to ask your agent about the safety precautions they’re taking to protect buyers and sellers during in-person showings. 

How to Find the Right Home to Downsize In

Whether you’re ready to move forward with your downsize or you’re planning to wait until the pandemic ends, you’ll need to take some time to find the right home for your golden years. A few possible housing options for downsizing seniors include:

 

  • Renting or buying a smaller home or condo. 
  • Moving in with a loved one. 
  • Transitioning into a senior living community, such as independent or assisted living.

 

Once you’ve chosen the right type of housing for your senior years, you’ll need to get your current home ready to sell. This includes decluttering your belongings, cleaning the home from top to bottom, making any necessary repairs and upgrades, and staging the house for future showings.