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Pandemic-Friendly Downsizing Tips for Seniors

Engage Team • Jun 09, 2021

With a pandemic reshaping our world, it’s natural for seniors to be concerned about making a major lifestyle change right now. However, mortgage rates are both stable and low, and the demand for homes is up. Add to that the many ways the industry has adapted to keep everyone safe throughout the process, and now could be an ideal time for your transition.


What’s New?

 

Home selling and buying have changed a lot in the last few months. When the pandemic erupted, the industry scrambled to mainstream some existing technology. The end result is a safe and effective process for everyone involved, and in fact, it’s working so well that business journal SBJ predicts these new methods might be here to stay.

 

At the forefront of these new technologies is virtual home tours. Fit Small Business explains these come in three types: video walk-throughs, 3D tours, and interactive 360-degree tours. In a video walkthrough, someone (often your agent) records a tour of your home with a camera, and it’s pretty straightforward. 3D tours typically involve special gadgetry and software. The interactive version is an immersive experience for the viewer, much like being there in person, and it also requires special electronics and software.

 

At Your Service

 

Your agent can guide you through selecting what tech solutions are right for you and help with recordings and arrangements. Technology can help you with this phase of the process, as well. You can meet with your agent online and also view homes online as you begin browsing for your next abode. You can also use the Royal Realty valuation tool to look up your home’s value online, which will help you configure your house shopping budget. Better appraisal reports include information about recent sales in the area so you’ll have an idea of what prices similar homes are fetching.

 

What Are You Looking For?

 

It’s important to narrow down your priorities as you dive into house hunting. This might be things like aging-in-place design elements, low-maintenance landscaping, and an easy-care exterior. Since not many homes out there are already senior-friendly, listing which items you want to focus on will help you narrow the field. For instance, a single-story house with an open floor plan and the siding you prefer might be an agreeable compromise. You can always add things like grab bars and an entryway ramp later on.

 

Alternatively, if you prefer a little more support as you age without sacrificing independence, you could look into moving into a community. There are many ways to go about this, such as home sharing or even niche retirement communities. The bottom line is you enjoy a measure of assistance with chores and home maintenance (to name a few) and, most importantly, stay connected with other people.

 

And since you’re downsizing, contemplate how much space you really need and what belongings will go along with you. Inevitably this means a major purge for most seniors, and that can take some time. On the upside, you might be able to sell some of your things online, which will give you some money for your move. However, if you haven’t started paring down yet, the sooner you do, the sooner you’ll be ready for your next home.

 

Proceeding With Caution

 

Moving during a pandemic requires a measure of caution. You have the usual mover scam artists to watch out for, and you also have a virus to be wary of. Reputable movers will take extra precautions to ensure your belongings and you remain safe, using things like disposable furniture wraps and disinfecting their vans. They will also provide you with your estimate and agreement in writing and not request any money prior to your moving day. Beware of any companies that don’t follow those standard procedures.

 

The pandemic moved the real estate industry forward with technology that can keep you safe. Talk with your agent about what you should do, look for your next home and/or community, and do some editing while you’re browsing listings. When the time comes to move, find a reputable and responsible company to help, and you’ll be able to make your transition with peace of mind. Reach out to Royal Realty to start


- Michael Longsdon

By Engage Team 15 Mar, 2022
From the Big Island to Oʻahu One of the benefits of living in the island archipelago of Hawaiʻi is that the other Hawaiian islands are a short flight away. It was during a spontaneous visit to Oʻahu from the Big Island of Hawaiʻi – where we lived for 6 years – that my partner and I got the idea to switch islands. Although each of the Hawaiian islands has unique merits, we were ready to experience Oʻahu’s convenience, plentiful hiking trails and beaches, and diverse economic opportunities. After landing a job offer based in downtown Honolulu, our relocation planning began. Since we were still largely unfamiliar with Oʻahu, we tailored our apartment search to a few factors, including: proximity to work; walkability to groceries and other necessities; and amenities like air conditioning, a pool, and a gym. Of course, budget was a factor as well, and we set our price range accordingly. Choosing Kakaʻako While the apartment criteria narrowed our search to three Honolulu neighborhoods – Waikiki, Ala Moana, and Kakaʻako – we focused on Kakaʻako because of its newer buildings and walkability to shops and dining. While living in a downtown Airbnb, we cruised sites like HICentral , Zillow , and Craigslist to find leads, and looked at several apartments before securing a 1-bedroom in the recently completed Keauhou Place tower. In addition to our unit having an incredible view overlooking downtown and the harbor, it came with shared amenities like covered parking, a pool, gym, and barbecue grills. As well, we enjoyed access to its ground-level pedestrian mall, which offered a natural grocery store, spa, and spots for dining and takeout – not to mention a short jaunt to even more options at SALT and Ohana Hale Marketplace . Aside from walkability, the location served as a central jumping off point for weekend adventures around the island. Change of Scenery Two years, a pandemic, and one job transition later, we were ready for another change of scenery. Since I switched from working in-person to working remotely, we no longer needed to live close to downtown, and began exploring the idea of moving to Oʻahu’s east side, where we would be closer to some of our favorite hikes and beaches. While the search process was similar, the inventory in our budget range was different, and it took a bit longer to find a suitable home. As opposed to the ample selection of apartment and condo listings in Honolulu’s urban core, the east side neighborhoods of Kaneohe, Kailua, and Waimanalo offered mostly ADU’s (additional dwelling units) or single family homes converted into multiple rentals units – sometimes lacking the privacy or amenities we needed. It took about 3 months to find our ideal rental home in Kailua, a similar 1-bedroom condo within a comfortable walking distance to town and the beach. It took a lot of patience, because the inventory was more limited; but, luckily we had flexibility to keep searching until we found our match.  Urban v. Suburban: Which to Choose? Ultimately, I am glad we got the experience of living in both Honolulu and Kailua. Particularly, the Kakaʻako neighborhood, with its abundant street art, well-maintained parks, and diverse shops and dining options, is a great place to get a feel for Oʻahu’s urban core. On the other hand, Kailua has an intimate, beachy feel, which could be a better fit if you can work remotely – and avoid the driving commute into “town” (local shorthand for Honolulu). Either way, pre-determining your unique home, budget, timing, and lifestyle criteria can help to narrow your search and point you in the right direction. About the Author Ali Slous is the founder of Perspective Media , an Oʻahu-based creative agency whose mission is to empower entrepreneurs and small businesses to channel creativity in ways that generate both professional success and personal satisfaction. When she is not creating Perspective Media, Ali enjoys access to the incredible nature Hawaiʻi has to offer. Resources HICentral: https://www.hicentral.com/ Zillow: https://www.zillow.com/honolulu-hi/?utm_content=319854744|1301821912900950|kwd-81363927204438:loc-190|81363895177301|&utm_campaign=zbw_br_natgeo_usa_x_nat_cities_e_b_1&semQue=zillow%20honolulu&msclkid=330d4f9cfa6b19b9b07d2db5ba061625 Craigslist: https://honolulu.craigslist.org/search/hhh SALT: https://saltatkakaako.com/ Hale Ohana Marketplace: https://www.ohmhawaii.com/ Perspective Media: https://perspectivemediahawaii.com/
By Jacqueline Little 16 Feb, 2022
A new year is upon us, and I must say it feels familiar, yet unpredictable. What I mean by that is, although we’re still dealing with the pandemic, the real estate market is still very dynamic. Mortgage rates dropped to record lows for much of last year, while home values and sales peaked to record highs. Where does it go from here? To say that there will be a housing market cool down is too drastic. Steady buyer demand and low inventory will continue to drive up prices. My insight for 2022 aligns with what most are predicting for the housing market’s future - everything will be high. Demand, prices, home appreciation rates, and eventually home inventory and interest rates will rise too. While some trends from 2021 will continue into the new year, some things will change. This year will be defined as a steady year of (slow) growth. The market will no doubt be in the favor of the sellers for now, but things will start to swing the other way. Because the real estate market is affected by current events, fluctuations are inevitable. If you’re looking to buy, pay attention to interest rates and always be in tune with your own personal finances. If you’re in a position to sell this year, it wouldn’t be a bad idea. The smaller housing inventory fares to your advantage because low inventory creates competition among buyers, essentially increasing your property’s value. If you’re a seller, know that there are options for selling. Whether it’s your first home sale or your fifth, talking to a real estate agent will help you explore your options so you can market your home to a wide range of potential buyers and get you top dollar for it. If you’re a buyer, the same advice rings true here. Talk to a real estate agent who can help you navigate this active housing market and help you find the right situation for you to act on. As always, Royal Realty is here for you and ready to take on 2022 with you!
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