Reply to At what age you should downsize?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it depends on your health and how big your house is.  If you have an 8000SF home in McLean, maybe you downsize when the kids are in college/done with college.

If you have a 3000 or 4000SF house with a first floor master suite, I would think there's no urgency unless you need the equity out of it or don't want to pay for cleaning and lawn care as you get older.[/quote]

Lol, 3-4k sf house is not a small house. Particularly if you're cleaning it yourself. [/quote]

I posted that- if the master is on the first floor, you don't use the second floor unless people are staying with you.  My parents moved to a house like this and were fine until about age 70.  In their case, they had laundry and the master bedroom on the main level, and the cleaners only did the second floor a few times a year (mostly just dusting).  [/quote]

My parents just bought a ski house like that at 69.  I guess age is relative. And they're going out with a bang. [/quote]

Good for them. I think my parents would have stayed in the home past age 70 since they only lived on the first level.  They had cleaners and landscapers (they wanted a nice yard for their dogs), and they envisioned their kids and grandkids using the bedrooms and bathrooms on the second level. Unfortunately, at age 70, my dad was diagnosed with a terminal illness.  They moved before he died because my mom didn't want to be alone in a house of that size.  But it would have served them just fine if my dad hadn't gotten so sick.[/quote]

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