Ready to trade in that 14 room house in the exurbs for a 2 bedroom condo in the city? There are some things you should know.
Empty Nesting Advice
Your children have flown the coop. Their bedrooms lay dormant, and the soccer balls, long forgotten, have deflated in the backyard. Your commute to work is long, tiresome and stressful. Red Lobster is the nearest fine dining. It’s time that you considered downsizing, and here is some empty nesting advice to help you make the most of your downsizing.
1. Break up the task of downsizing by doing 1 room at a time. This will make your project feel smaller, and help you progress sequentially through the house.
2. Divide your items into categories such as: Keep, storage, donate. The Keep items will go with you to your new home, and will be the last on the moving truck. The Storage items are essentials that you can not part with, but do not need every day, such as files, keepsakes, seasonal clothes and furniture.
3. Use a numbering, or better yet, a color coding system to keep track of boxes. When moving day arrives a simple color system will help the team of movers easily load the truck, storage items first, and new home items last. You’ll finish the move at your storage unit, and in some cases a piece of furniture that did not fit in your new place, may end up back on the truck for storage.
4. Consider your storage unit an outsourced garage, extra walk-in closet. Storage units typically run 50%-75% cheaper per square foot than apartment rental rates. For instance, a new construction Watertown 2 bedroom apartment costs on average $2,500 per month, and is about 1,000 square feet. A 3 bedroom apartment at 1,300 square feet will cost about $3,500 per month. If that third bedroom was going to become a catch-all room, consider the monthly savings if you rented a 10×10 storage unit instead. You could save over $800 per month.
Empty nesters can easily downsize, to a low-maintenance, clutter-free new condo, or apartment.