The choice to downsize is an option for many homeowners whose children have grown and moved on and/or for those whom retirement is soon to materialize.
At some point, many homeowners realize that they don't use certain parts of their home anymore and this space costs money and time. Why spend the time cleaning a basement that is no longer a recreational room for teenagers? Why spend the money on real estate taxes and mortgage and interest for this space?
There will always to those individuals that will stay in their homes until they no longer are able to care for themselves. For those that choose to explore other options, what is out there?
Condominiums are a great choice for those homeowners that choose to downsize. Unfortunately, the cost of condominiums in the city are no less expensive than the single family in the suburbs for the most part. Less space does not translate into less cost.
Not to worry, mixed used development in the outer lying counties from the city are a good alternative and lower in cost. Oftentimes, they are located near public transportation and shopping. They are newer, energy efficient dwellings that have much to offer. Townhomes and duplexes are a reasonable alternative as well.
The same goes for adult communities, which can offer a "resort like" lifestyle with lots of activities every day of the week. Northern Virginia offers the adult community lifestyle in Fairfax, Loudoun and Prince William Counties.
There are currently retirement communities in Arlington and Fairfax Counties, we well as the outer lying counties.
If you are thinking about downsizing, call me today. I can guide you in choosing a community that will meet your income and lifestyle needs as well as provide information on "decluttering" and "staging" your current home for a successful sale. Thank you for visiting my blog!