A Smooth Transition

The Silver Linings Guide to Downsizing

STEP 1: Assess Your Current Situation

GOAL: Understand your needs, preferences, and the challenges of downsizing.

  • What are your main reasons for downsizing? (e.g., lower maintenance, closer to family, access to amenities, financial reasons)

  • How do you feel about leaving your long-time home? (Are there emotional ties to your home that need addressing?)

  • Do you have specific needs for your new living space? (e.g., wheelchair accessibility, close to medical facilities, community activities, quiet space)

  • Have you considered your budget for the new home? (Are you clear about the costs, maintenance fees, and other expenses?)

STEP 2: Sort Through Your Belongings

GOAL: Declutter and prioritize what to keep, sell, donate, or store.

  • What are your most cherished possessions? (Sentimental items, family heirlooms, favorite furniture)

  • What items do you really need in your new home? (Consider the smaller space — what furniture and belongings are essential?)

  • Have you considered donating or selling items? (Are there items that could benefit someone else or generate income?)

STEP 3: Research and Choose the Right New Home

GOAL: Find a home that meets your lifestyle needs and financial goals.

  • What type of home and location would best suit your lifestyle? (Urban, suburban, proximity to family, medical facilities, shops, etc.)

  • What are your non-negotiables in a new home? (e.g., number of bedrooms, accessibility, amenities like a pool, gym, or community center)

  • Have you researched condo associations and their rules? (Are there restrictions on pets, renting out your condo, or home modifications?)

  • Is the new home budget-friendly, including maintenance fees? (Understand the costs associated with and determine if it fits into your retirement budget.)

  • What safety features are important to you? (Elevator access, emergency response systems, secure entrances, etc.)

STEP 4: Plan the Move

GOAL: Organize and prepare for the physical move.

  • When is your ideal moving date? (Plan for when your new home is ready and schedule movers in advance.)

  • Do you need to arrange for storage? (Consider climate-controlled storage for valuable items that won’t fit in the new home.)

  • Have you notified important contacts about your move? (Update your address with family, friends, medical providers, banks, etc.)

STEP 5: Settle into Your New Home

GOAL: Make your new home comfortable and familiar as you adjust.

  • Have you arranged for utilities, internet, and services to be set up? (Make sure everything is ready for your move-in day—electricity, cable, water, etc.)

  • How will you make the space feel like home? (Think about your favorite furniture, decorations, and personal touches.)