Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
Lol, 3-4k sf house is not a small house. Particularly if you're cleaning it yourself.
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).
What happened at 70 that caused them to not be able to handle the house? My parents at 70 and live in a 4-5k sqft house, but I'm having a hard time convincing them to downsize. All the bedrooms and laundry are on the second level.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
Lol, 3-4k sf house is not a small house. Particularly if you're cleaning it yourself.
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).
Anonymous wrote:Anonymous wrote:I'd say maybe when you think you have 5-10 years of good health left? Don't wait until the last minute to do it.
Do it after 50ish
It's tough to predict the last 5-10.
Anonymous wrote:Instead of downsizing, just get rid of things. Make sure all the spare rooms have empty dressers and empty closets. Nothing in your attic.
Anonymous wrote:Anonymous wrote:Anonymous wrote:No desire to ever do that but I live in a 2300 sqft home, not a mansion.
I am 60 and live in a 1500 sqft home, and my dream is to upsize. My house, which was cozy for raising children in, doesn't feel big enough for having adult children visit. I'd like a guest room with its own bath and a bigger family room.
Unfortunately, I can't afford to upsize in this area, so I'll just stay here. We're in a good location and I want a yard for the dog, so I'm not interested in moving to an apartment.
You never know what your relationship will be with daughter/son in laws and they may chose to stay in a hotel to keep things amicable. It's for the best you have a home that works for you.
My friend's parents built a mansion they could retire in and have huge family gatherings where everyone stayed with them. They also got in fights with all their adult kids over anything and everything and they spent decades in their mansion on their own. Eventually they did try to have large family gatherings, but they asked everyone to stay at hotels not in their mansion. It was strange.
Anonymous wrote:Anonymous wrote:No desire to ever do that but I live in a 2300 sqft home, not a mansion.
I am 60 and live in a 1500 sqft home, and my dream is to upsize. My house, which was cozy for raising children in, doesn't feel big enough for having adult children visit. I'd like a guest room with its own bath and a bigger family room.
Unfortunately, I can't afford to upsize in this area, so I'll just stay here. We're in a good location and I want a yard for the dog, so I'm not interested in moving to an apartment.
Anonymous wrote:No desire to ever do that but I live in a 2300 sqft home, not a mansion.
Anonymous wrote:I'd say maybe when you think you have 5-10 years of good health left? Don't wait until the last minute to do it.