{"id":33518,"date":"2020-08-14T09:53:03","date_gmt":"2020-08-14T13:53:03","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=33518"},"modified":"2020-08-14T14:01:21","modified_gmt":"2020-08-14T18:01:21","slug":"business-report-downsizing-your-home-for-retirement","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/","title":{"rendered":"Business Report: Downsizing Your Home For Retirement"},"content":{"rendered":"<figure id=\"attachment_33519\" aria-describedby=\"caption-attachment-33519\" style=\"width: 194px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-33519\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/08\/design-column-burger-c-194x300.jpg\" alt=\"\" width=\"194\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/08\/design-column-burger-c-194x300.jpg 194w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/08\/design-column-burger-c-662x1024.jpg 662w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/08\/design-column-burger-c.jpg 720w\" sizes=\"(max-width: 194px) 100vw, 194px\" \/><figcaption id=\"caption-attachment-33519\" class=\"wp-caption-text\">Jenna Burger, interior designer, Jenna Burger Design LLC.<\/figcaption><\/figure>\n<p>By Jenna Burger<br \/>\nYou and your spouse got married, bought a home, and raised three beautiful children. You\u2019ve lived and loved your home for 30 years, but the kids have moved out and started their own families.<br \/>\nNow you\u2019re living in the 2,500-square-foot home, half of which you don\u2019t use other than the five times a year when \u201cthe kids\u201d come to visit. The question arises, why do we have all this space when most of it rarely gets used? Does it make sense to downsize? What opportunities can come about if we let this large home go? What are the pros and cons of downsizing as we are planning on retirement?<br \/>\nThere is a lot to consider with downsizing. Whether a house, townhome, or apartment, moving to a smaller space can have its challenges, but if planned well, the next chapter of your life can bring less maintenance and more fun. When relocating to a space that is a fraction of the size, there is a great likelihood that you\u2019ll need to reduce the amount of furniture and decor that has been collected over the years.<!--more--><br \/>\nThe process of reducing your \u201cstuff\u201d can take time and potentially feel overwhelming. Purging can be exhausting. To start, it is best to approach the process with an objective mindset.<br \/>\nAllow yourself enough time to avoid pressure in making rash decisions. Create three different piles or sections that include: keep, donate, throw away. Go room by room and give yourself a week for each space to keep the process from getting too daunting.<br \/>\nDownsizing can allow for more freedoms like traveling, spending time with your spouse and\/or family, and trying new hobbies. Once you\u2019ve got your head wrapped around what is staying and what is going, the next best step is to determine what size space would be the right size for you.<br \/>\nLiving in a smaller setting is certainly going to be different, but for downsizing to make sense and worth the effort, the right space may take time to figure out. If you\u2019re unsure of the best size for your new space, visit homes of varying sizes to see if it provides what you need. Stay in an Airbnb for a week to see if it suits your spatial desires. Determining the right size for your new setting will be an important step to ensure the space is just the right fit!<br \/>\nIf you\u2019re selling a larger home, maybe of which you purchased decades before, you most likely will make a profit on the sale. A smaller home that costs less to purchase, will then in turn leave you with more money in your pocket. This could potentially leave you in a position to retire early or move to a more desirable area. A larger home that isn\u2019t used to its fullest potential may be the weight to be lifted to allow for a better and more enjoyable lifestyle.<br \/>\nAlong with the home savings of a smaller home, the maintenance and upkeep costs can also be lessened. From utilities to lawn care to cleaning, maintaining a larger home can be overwhelming, costly, and time consuming. Who wants to spend three hours mowing the lawn on a Saturday when you could be hiking or playing golf? With a home better suited to your needs and life goals, the costs and maintenance of a space can be a fraction of the time needed for a larger home.<br \/>\nMaking the decision to downsize can be difficult. Many wonderful memories have been made in a home where your children were raised. But is that worth staying? When evaluating the idea of moving, ask yourself why. Why are you considering downsizing. Spending less time cleaning and more quality time on what is important certainly could make for better years ahead.<br \/>\nLastly, downsizing, doesn\u2019t have to be downgrading. Your standards for living can certainly be met even though you\u2018re in a smaller space. There is no need to compromise on your surroundings and the lifestyle you\u2018ve worked so hard toward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jenna Burger You and your spouse got married, bought a home, and raised three beautiful children. You\u2019ve lived and loved your home for 30 years, but the kids have moved out and started their own families. Now you\u2019re living in the 2,500-square-foot home, half of which you don\u2019t use other than the five times [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":33519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Business Report: Downsizing Your Home For Retirement - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Business Report: Downsizing Your Home For Retirement - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Jenna Burger You and your spouse got married, bought a home, and raised three beautiful children. You\u2019ve lived and loved your home for 30 years, but the kids have moved out and started their own families. Now you\u2019re living in the 2,500-square-foot home, half of which you don\u2019t use other than the five times [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-08-14T13:53:03+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2020-08-14T18:01:21+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2020\/08\/design-column-burger-c.jpg\" \/>\r\n\t<meta property=\"og:image:width\" content=\"720\" \/>\r\n\t<meta property=\"og:image:height\" content=\"1114\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\r\n<meta name=\"author\" content=\"jessewinters\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"jessewinters\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/\",\"name\":\"Business Report: Downsizing Your Home For Retirement - Glens Falls Business Journal\",\"isPartOf\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\"},\"datePublished\":\"2020-08-14T13:53:03+00:00\",\"dateModified\":\"2020-08-14T18:01:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Report: Downsizing Your Home For Retirement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#website\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/\",\"name\":\"Glens Falls Business Journal\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/b937a48daf87d7a8bd713a73b5d6a1ae\",\"name\":\"jessewinters\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b496e0843f9d888b12500994b6a8562b?s=96&d=mm&r=g\",\"caption\":\"jessewinters\"},\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/author\/jessewinters\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Report: Downsizing Your Home For Retirement - Glens Falls Business Journal","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2020\/08\/business-report-downsizing-your-home-for-retirement\/","og_locale":"en_US","og_type":"article","og_title":"Business Report: Downsizing Your Home For Retirement - Glens Falls Business Journal","og_description":"By Jenna Burger You and your spouse got married, bought a home, and raised three beautiful children. 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