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Pandemic-Friendly Downsizing Tips for Seniors
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

