Far West Realty - Rentals and Propery Management in Prescott
 

Is it time to downsize?

Does the walk to your front door seem to grow longer by the year? Or, do chores seem to take more time with each passing week? If so, it might be time to downsize. Far West Realty, your professional property management specialist in Prescott, recognizes that as hard as it is to say goodbye before you're ready, downsizing is easier when you do it early instead of waiting until your health demands it.

Not every older adult needs to downsize, but it's a smart choice for many. Not only are big homes tough to keep clean as you grow older, but a home that's too big could pose a risk to your safety. In a small, low-maintenance home where everything you need is nearby, you're less likely to get hurt walking up stairs or mowing the lawn.

Downsizing also offers economic benefits. In the right market, seniors can sell a home, purchase a more affordable home, and use the difference to buffer retirement savings or fund travel.

Unfortunately, many older adults avoid downsizing not because they wouldn't prefer a more convenient home, but because they dread the process itself. Selling a home is a time-consuming process, especially if the home requires updates to meet market demands. In addition to selling and moving, seniors have to downsize their stuff in order to fit comfortably into a smaller home.

It's a big, emotionally demanding process, and it's understandable why seniors might shy away. However, the temporary workload of moving is better than staying put and risking injury in a home not suited to aging in place. A family home in the suburbs also isn't what most seniors today are looking for. As The New York Times reports, modern older adults want to live in walkable communities where they can live, shop, and socialize without relying on a car.

As unpleasant as moving is, the long-term benefit of living in a safe, accessible home and community is worth the effort of downsizing. And while it may not be a joy, the process itself doesn't have to be burdensome when seniors follow these tips:

  • Don't rush downsizing. Sorting through a lifetime of belongings is overwhelming. There’s a lot to be donated, discarded and sold, like bulky furniture that won’t fit in a smaller home. Rather than let the process delay a necessary move, seniors should determine what will fit in the future home and store the rest somewhere they can work through it gradually. For a few small boxes, asking family to spare a closet should work. But if there’s a lot of stuff, a storage unit is a better choice. For example, storage units in Prescott Valley, Arizona, range from $54 - $113, making it an inexpensive way to buy some time.
  • Know what you need in a home. It's not enough to buy a smaller house. Seniors need a home that accounts for future mobility changes. That means, at minimum, a one-story home with plenty of lighting and even flooring. The National Association of Home Builders lists additional features that make a home suitable for aging in place.
  • Update your home to sell (but not too much). A home that's outdated is hard to sell, even if it's in great condition. Seniors should modernize their homes with small, inexpensive changes such as replacing lighting fixtures and cabinet hardware with more contemporary selections and swapping wallpaper for neutral-colored paint. However, seniors should talk to their real estate agent before investing in major changes to the home.
  • Hire movers. Trying to save money with a DIY move could become expensive fast if someone gets hurt. Seniors should hire movers who can pack, load and transport their items, taking care to choose an insured company. If overseeing moving crews is too much for the senior, Moving.com recommends hiring a Senior Move Manager.

Downsizing to a smaller home is a lot of work, but the payoff is worth it. When older adults make the switch to a downsized home, they can enjoy their retirement years without worrying about falling or maintaining a large home. That means more energy for living retirement the way it’s meant to be lived: seeing family and friends, pursuing the things you love and enjoying a slower pace of life.

If you find that you’re ready to downsize, speak to the experts at Far West Realty. We can help you with buying, selling, and relocating in Prescott. If you’d like to keep your present home as an investment property, we can handle your property management needs. Call us today at 928-772-9400 to schedule an appointment.

 

Posted to: Helpful Property Management Articles

 

All Blog Posts

 

Do you own rental properties? Learn the processes for property management in Prescott by Far West AZ

Far West Property Management on facebook
Far West Property Management on googleplus
Far West Property Management on youtube
Far West Property Management on tumblr
Far West Property Management on blogger
Far West Property Management on yelp
Far West Property Management on facebook Far West Property Management on google+ Far West Property Management on youtube Far West Property Management on tumblr Far West Property Management on blogger 
© Far West Property Management | Photo Credits | Privacy Policy
Review:
"We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff...." read more
- Tammy and Jim
 
Review:
"Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them. ..." read more
- Jim Bogner
 
Review:
"Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant..." read more
- Kent
 
Review:
"I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care..." read more
- Korina Elliott
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry & Carol Bourque
 
Review:
"Dave Hamill and his team at Far West Realty have managed our property in Prescott Valley for the past five years. It has been an all around pleasant and worry..." read more
- Terry and Carol Bourque
 
Review:
"Dave, Re: Our Experience with Far West Realty We have had an excellent experience with David Hamill and his staff at Far West Realty. The goals of the owners and..." read more
- Ken & Diana Turner
 
Review:
"We originally contracted with another Property Management house in Prescott, but they proved that they were incapable of doing even the most basic of jobs (like keeping the power turned..." read more
- David Hresko
 
Review:
"I was a commercial property manager/leasing agent for 26 years in Newport Beach and I well know that it takes some very special skills and abilities in order to manager..." read more
- Cathy M. Prescott, AZ
 
Review:
"I\'ve had Far West for my property management for several years. They take care of everything and send me a check! They schedule regular inspections so that I..." read more
- Theresa Williams
 
Review:
"I have been associated with Far West Realty since it opened. Dave has handled my properties and he is excellent. This is the third property management company I have dealt..." read more
- Jane Deleeuw
 
Review:
"Great, dependable, and honest people that meet the needs of their customers..." read more
- Alex Spence
 
Review:
"Prior to using Dave Hamill at FarWest, I went thru so many management companies. I have been with Far West for many years now! When Dave says he..." read more
- Bernadette Lafferty
 
Review:
"My wife and I have used Dave's services since we bought our property in 2011. As absentee owners, we were concerned about managing our rental property and Dave and..." read more
- Larry Blachut
 
Review:
"Best property manager in Prescott area. Dave handled all aspects of the Leasing and managing of our single family home As an out of state owner,..." read more
- Judy Rosenberg
 
Review:
"Far West Realty has been my property manager in Prescott for the last six years. Dave Hamill and his crew have done a good job for me. They..." read more
- Jim F. Austin TX
 
Review:
"David Hamill is very conscientious and professional. If you are considering Far West Realty for property management services, you will be pleased with their expertise, care, and attention.  Your financial..." read more
- Kent K. Newport Beach, CA
 
Far West Property Management 5 out of 5 based on 17 ratings.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars We have very much enjoyed our apartment as renters with Far West Realty for several years now, and are happily satisfied in our dealings with Dave Hamill and his staff. The very few concerns or problems we have had with our unit have always been met with real consideration and responsiveness. Further, Dave and his staff are readily accessible and always courteous. Tammy and Jim
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Working with Far West has been a pleasure. Dave and his office were responsive to questions and needs throughout my three years leasing from them.
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars Dave Hamill at Far West Realty was my property manager on a single family house for several years. As an out-of-state owner, I relied on Dave for everything: tenant selection, lease negotiation, recovery when a former tenant didn't pay the last month's rent, cleaning, maintenance, marketing, managing repair work, etc. Dave and his team were always professional, courteous, competent, and just nice people. I wholeheartedly recommend them!
Far West Realty in Prescott AZ - Homes for Sale | Buy Land | Property Management
5 out of 5 stars I have been using Far West to manage my rental in Prescott Valley for approximately 7 years. I live out of the area know that things are being taken care of. I have complete faith in Dave and his team in the oversight of my property. They are thorough and very prompt in any given situation. I love the fact that I know that the house is being taken care of with TLC. You can't put a price on piece of mind and that is exactly how I benefit from using them. I would strongly recommend using Far West for your management needs. You will not be disappointed.