How to Downsize in Retirement: Checklist and Tips

Category: Financial and taxes in retirement

August 27, 2012 — Downsizing from your big house in the suburbs could be one the smartest retirement decisions you make. Assuming your children are grown and out of the house, there is usually not much logic in having all of those extra bedrooms to heat, maintain, clean, insure, and pay taxes on. Generally you can sell that big home and use the proceeds to buy an easily maintained and energy efficient smaller home or condo, and still have a considerable sum left over to add to your retirement income. Not to mention saving thousands of dollars a year in reduced expenses.

One of the most challenging chores that comes with downsizing is what to do with all that stuff you have accumulated. Much of it won’t fit into your new home, and quite a bit wouldn’t look good in it anyway. Many people want a totally fresh start with new furnishings that match the style and scale of their new home, which means unloading everything you have. This article will provide you with a downsizing checklist and advice to help you cope with this challenge.

Downsizing checklist
As one of the commenters to this story points out – it is very important to start early in the process. The last thing you want is to be pressured on time when you go through this process:
1. Measure what you have room for in your new home.

2. Will your old furniture and accessories fit, both spatially and stylistically?

3. Decide what you want to keep from your old home (what you will move, what you will store).

4. Compare the cost of shipping your older items to your new location vs. selling or giving them away.

5. Formulate a plan on how to dispose of the items you decide not to keep or put into storage.

6. Do you want family or friends to have certain items? If so, figure out a way to distribute those items. If there is a lot of interest in the same items, consider an auction using a point system (there are even some online services to help you do this – see bottom of article).

7. Figure out how you want to sell or dispose of the remaining items.
Here are some of the best alternatives, along with pros and cons. Please see additional commentary below

Alternatives
eBay or Craigslist
Hold a tag sale (self)
Use a tag sale manager
Auction house
Consignment shop
Hire an estate sale pro
Give to charity
Storage
Pros
Might get a high price
Get 100% of proceeds
Professionally managed
Highest prices
Low hassle factor
Pro managed, everything goes
Low hassle, good cause
You have options
Cons
Huge amount of work
High work, could be disappointing
Give up commission
High end stuff only
Might never sell, low prices
Sales commission
No revenue
Ongoing expense


More advice about downsizing
First of all, relax: many people find the idea of getting rid of their clutter liberating. Try to enjoy the process!

Values
Most people have unreasonable expectations about what their stuff is worth. For most furniture and art, take a zero off what you paid to get an idea of what it might get on the market. The recession slammed resale values for most items (there are more sellers than buyers). The average home might yield $5000 to $15000.

Consider hiring a professional to manage the sale.
They generally offer these advantages:
– Access to more buyers
– Better advertising
– Realistic understanding of prices
– Will often dispose of everything, including unsold items
– Reduce your work and hassle
– Help with security issues

Do your homework before you sign a contract with a professional:
– Most are unlicensed
– Ask friends, real estate pros, or estate lawyers for referrals
– Get references
– Look online for complaints
– Read the contract and know what is expected of you, and the professional
– If you have specialized collections like cars, stamps, or antiques – consult a specialist

Additional Resources:
eDivvyup – a Web-based tool for dividing property
How to Run an Estate Sale
About Home Downsizing (eHow)
Downsizing Tips  (Yahoo)
Downsizing Baby Boomers Looking to Sell Their Stuff (Smart Money)
6 More Downsizing Tips

What are your Comments? Perhaps you have experience downsizing – please share your thoughts. Or, do you have concerns, questions, or ideas. Let us know in the Comments section below.

Posted by John Brady on August 27th, 2012

50 Comments »

  1. Good advice my wife and I down sized 18 months ago. Surprised as to what we don’t miss. We will be moving on to a new home in Florida, January 1st.

    by Brad — August 28, 2012

  2. Your writer overlooked one VERY important point: Do the downsizing well BEFORE the dates planned for both selling or leaving the “big house”. Start at least six months before, and one or even two years isn’t unreasonable. That time frame takes off the stress.

    Another is to have a PLAN. Do you want to start with those boxes in the garage? Or are you more desirous of offloading furniture? One of the hurdles to downsizing is being distracted by the process…sitting with those boxes of no-longer-used holiday decorations because of the memories you have, for example.

    If you have other people in your life, partner with them or at the very least be on the same plate about what happens when. Offloading physical “stuff” is stressful to some whilst liberating to others.

    by Ellen — August 28, 2012

  3. It’s been two years since my wife and I moved to North Carolina from Long Island. If there is any advice I can offer with respect to moving and down-sizing for retirement is that we should have gotten rid of even more stuff than we did. Unless you have heirlooms, belongings or furniture you absolutely love or totally can’t part with, I would sell or give away even more of it. The less you have to move the better. Also, many folks that move to a new location will find that things like their old furniture doesn’t work well or fit in with their new homes and lifestyles. Forget about storing a bunch of stuff you will never look at. Give it away or toss it if you can.

    by Artie — August 29, 2012

  4. Thank you for this article and thank you to all those who left comments! Your words of advice are very helpful.

    I’ve been “offloading” things in my home due the passing of my parents in 2009 and 2011. There are things especially furniture that I am getting rid of in my home now, because the furniture my parents had was made better “back when”, is now considered “vintage” and will most definitely go w/us in our retirement. While dealing w/the furniture, I’ve also had the opportunity to rid our home of the totally unnecessary things we’ve been “storing” and it truly is liberating. My step is lighter and I seem to smile more! :)

    I won’t be ready for retirement for another 5-10 yrs, but I’m already making the needed changes to make our move easier when it finally does happen.

    by Alice — August 29, 2012

  5. My husband and I have been looking and thinking ahead to retirement and believe we should just keep our home which is paid for and purchase a condo in a small beach town where we would love to spend time. The thought of buying another home at our age in this small beach town area which is quite expensive seems overwhelming. Can others tell me how they feel about living in a condo – the pros and cons. If we kept our current home we could keep our RV, sheds, golf cart, harley, etc. and then still be able to get away to our favorite beach town for however and whenever we feel like it. Appreciate any comments along this line.

    by Karen — August 29, 2012

  6. Karen, the pro of a condo is that yard and other common area maintenance is done by the Homeowners Association (HOA). The con is–there is an HOA. You will pay a monthly HOA fee–and if there is not enough money in reserves to pay for a big capital expense like a new roof—even if it is not on your particular building–everyone can be “assessed” a one-time charge to capitalize the expenditure. Be sure to read ALL the HOA rules and ask questions of someone on the Board of Directors or the management company. DO NOT consult with a realtor involved with the sale of the property. Also, is your condo going to sit empty while you are not there? Are you going to rent it to others at certain times? Who is going to check after renters leave to see that it is in good condition. Do a lot of research before you invest. :)

    by Kent — August 29, 2012

  7. Ellen, Artie and Alice’s comments are just what I needed to hear. I just realized it’s not the idea of relocating, it’s what do we do with a lifetime of stuff that is putting the brakes on. Well, guys, you have definitely given me the courage to take my foot off those brakes. My husband’s head is going to spin when I get started. Thank you all for giving me the courage I’ve been looking for. :grin::grin:

    by Patty — August 29, 2012

  8. To Karen, I recommend leasing a condo to “try it on” before making any decisions to buy. That’s what my folks did and they decided against condo living for the reasons you state above. They ended up buying a small house instead of the condo. They’re in their 80s and going strong, and still happy with their decision. It may not be good for you to buy another house, but leasing a condo will give you firsthand information about what is right for YOU.

    by Elaine — August 29, 2012

  9. It took us a good year to clear the basement of 20 years of accumulated “stuff”(much of it gifts from relatives) and renovate the 4-bedroom home we had occupied for so long! We kept asking ourselves – “what will fit in a 2-bedroom apartment comfortably”? We have also told our kids and relatives – please no gifts of “stuff” Have us for dinner instead or donate to a charity. We have opted to rent rather than deal with any maintenance issues ourselves. We are grateful to be done with that. Now we have so much more time and freedom.

    by Sharon — August 29, 2012

  10. Kudos to the person that talked about condo HOA fees. Make sure you know what they are, how much (%) they can raise every year – cause they do! We were lucky enough to rent an apt in the condo building we were interested in. So glad we did it. We found that between the HOA officers/fees and the management company, it is like a Peyton Place. We bought a little 2 bedroom house and good ridance to the condo drama.

    by Patrica Ellis — August 29, 2012

  11. My husband and I moved from a very large home in the suburbs to a town house in the city. Our suburban home had 12 VERY large rooms, a full basement, attic and two-car garage. Our new town house has 6 VERY small rooms, no basement, no attic and no garage. What a challenge — mostly because my husband was reluctant to part with almost anything. As Sharon says, it took almost a year to get ready to move and even then we had too much stuff to fit into our new home. But we did it. My action-plan started with putting out three garbage bags full of stuff that had been culled every single week — at least. And every single weekend I tackled one project: a closet, the workbench in the basement, the junk drawers in the kitchen, etc, etc. So when it came down to really packing up, it wasn’t nearly as overwhelming as it could have been. Best advice: start early, stay on task and put a marital counselor on retainer. (We’re still married! That move and the stress when my husband quit smoking have been the two most difficult periods in our married life — 32 years now.)

    by Pat Kennedy — August 29, 2012

  12. If you are healthy and retired, downsizing by yourself may be a great option. The suggestions are very good. However, if you are still employed and have numerous responsibilities, you may want to consider hiring a professional that is experienced in downsizing and organizing for people looking at retirement or moving to a smaller home. There is a trade organization, the National Association of Senior Move Managers (NASMM) and you can identify professionals in your area on their website, http://www.nasmm.org. It might be worth checking out before you jump in.

    by Michael — August 29, 2012

  13. Karen , we too have a paid for log cabin home we love, but are selling. We have opted not to buy a2nd home for vacations for lots of reasons it is a bad idea. Taxes, upkeep, mortgage or price are a lot when you can rent a lovely place for a month several times for much less stress and cost and headaches. Plus you may find youd rather go to different beaches or vacation places and u can afford that if you’re not paying for a 2nd home you feel obligated to use often. Owning two homes is a hassle as you age unless you’re very wealthy. We see lots near us who’ve bought for 2nd home and just don’t use it often enough to cover taxes and upkeep. Think long and hard about whether you’d rather havevfreedom to rent a vacation place oneborbtwo times a year for?2000 or less and you’ll escape taxes and headaches. Lotsofvgreat places to rent vacation homes!

    by Susan — August 29, 2012

  14. Ps , having an hoa control your life is a pain! Avoid it at all costs. Hoas can be controlled by real weirdoes and limit you and cost! Also realize that 2nd home prop taxes are much more than primary residences. You may have trouble selling it one day also!

    by Susan — August 29, 2012

  15. Enjoyed reading all these comments. Retirement is two years away for us, and I’ve been getting the “bug” to start decluttering, getting rid of accumulated stuff, and move to a smaller house. I guess my “bug” hit at just the right time!

    by Betsy — August 29, 2012

  16. Karen: We sold our large suburban home and retired to a Condo in a little beach town in Southern Delaware. Our HOA is great and we are very happy with it. Some people don’t like rules, but they fail to realize it keeps property values up. Buy now..the prices are low now and only will go up in beach areas in the near future. 10,000 baby boomers are retiring ‘DAILY’. So better grab it now. Loven’ the Beach life in Coastal Delaware :grin:

    by Coastal Lady — August 29, 2012

  17. Not to be too depressing, but let me remind everyone that all the stuff you hang on to will have to be disposed of by someone, someday. My mother had twin sisters, who are both deceased. I was the person who had to take care of dismantling their homes and getting rid of their belongings. While there were a few delightful keepsakes, and a few pieces of valuable jewelry, most of the stuff was just stuff. hundreds of photographs of people I didn’t know. Piles of old clothing no one would want. It took me a couple of weeks each time, and was a tiresome and difficult chore. I have vowed to not create this problem for my son by getting rid of most of my stuff while I am still young enough to do my own sorting and tossing. Moving is a good time to start the process.

    by Helpful Daughter — August 29, 2012

  18. How do you get the cooperation/courage to “offload” all the stored belongings of adult children? We’re about 2 years from retirement, and our children are mid to late 20s, beginning launching, but live across the country and/or in situations where they only have access to one room. And their previous apartment stuff is stored in our house. We’ve thought of a cross country trip with a unhaul to “helpfully” bring them their stuff, but 2 of the 3 only have one room. What to do?????? (Espcially when my view of some of their things is that it’s really junk, but that’s not how they’re viewing their childhood treasures.)

    by Angela — August 29, 2012

  19. Angela,

    I tell my kids (40, 28,24, and 19) this:

    I love your independence as adults but it is your responsibility to handle all your own stuff. I plan to be retired on (my retirement date withheld for personal reasons but it is a handfull of years away) and your belongings must be out of my house on (6 months before you actually want it out – that gives some room to be gracious) so please tell me where you want to have it stored. Be loving, be kind but be clear that on that date you are free to give it to Goodwill/St. Vincent de Paul/the neighborhood kids. Well maybe not the last option. Part of being an adult is learning to make choices, prioritise, and deciding what stuff is “cool but optional.”

    They might surpriise you and themselves.

    Gracias,

    Glenn

    by Glenn — August 30, 2012

  20. To Pat Kennedy — We will moving next Spring. Loved your action plan for going through the “stuff” before moving. Can’t wait to get started this weekend.

    by KathyJ — August 30, 2012

  21. Make that 28 as 38.

    Gracias,

    Glenn

    by Glenn — August 30, 2012

  22. RE: adult children using your house as storage–I am now 57 and have had to deal with clearing out my parents’ house (3 stories+ basement, lived in 45 yrs) and my aunt’s house (same size, lived in 60 years), all long distance. No thank you. My own mother (who never got rid of HER things) told us kids, when we had graduated from college and had rented our first apt., that we must remove our boxes of “treasures” over the next two years, or they would be thrown out. So we all did. I work in higher ed, and am continually amazed at the number of parents who allow their kids to not deal with the usual and ongoing issues of life. I see a couple generations now of people who are truly adult CHILDREN–do them a favor and stop enabling them. Set realistic deadlines for them, remind them if need be, then FOLLOW THROUGH. They just might learn something. Help them to move items to a storage unit and then THEY pay the storage fees. Until it hurts someone’s pocketbook, most people won’t deal with things. My two cents….

    by Paula — August 30, 2012

  23. Coastal Lady, thank you for your optimistic comments. My husband loves his home and he grew up in this area but I’m not from here and let’s just say I’d love to spend tme away from this area most of the year. The cost of homes in the area we love are way out of our reach but a modest condo may fit the bill. I’ll definitely check out the HOA situation before we do anything. thanks everyone for both points of view – the pros and the cons. To rent something in this area is $4,000 + a month so to us that is a waste of money. This modest condo may just be the answer to keep both of us happy. When we return to our main home – we will also have time and money to go other places as well in our RV.

    by Karen — August 30, 2012

  24. I love Topretirements, and these comments regarding downsizing, hoas, places to live, etc. have been very helpful. In January, 2011, my daughter and son-in-law asked me to move in with them. Their home is about 1350 sq. feet. It has two baths, and three bedrooms. At the time, they had one daughter who was three yrs. old. I moved into their home from an apartment I had downsized into from a house in 2007. I could not believe how much I had accumulated in 4 yrs. I thought I was never going to finish sorting through everything. At the end of the first year with my daughter and son-in-law, I sorted through my storage unit, and I am finally down to what is in the third bedroom. (Helpful Daughter, your comments hit home with me). On August 9, 2012, my second granddaughter was born. I am 61 yrs. old, and I still work full-time. I have made many adjustments to stay with my daughter and her family, and for the most part, the results have been good. However, I never intended to live out my senior years with them–even though they are planning to move to a larger home in the next few years with more space. I grew up in the San Joaquin Valley of CA, and I have lived for the last 36 years in North Carolina around and in Raleigh, NC. NC is a beautiful state. The healthcare is excellent, and there is much to recommend it for retirees–just not me when I am ready to retire in 4-5 years. I have never been able to adjust to the humidity of the Southeast US. Since 2007 I have been visiting friends who have retired to the south east corner of New Mexico near Carlsbad. With my sister, I have been able to visit Albaquerque, Santa Fe, Taos, Alamagordo, Las Cruces, Roswell, Ruidoso, Cloudcroft, Hobbs, Farmington, and many smaller communities in the state. I love the weather. The land reminds me a lot of where I grew up in CA. Thanks to the comments from Topretirements subscribers I am also going to look at Gilbert, AZ. Later in my more senior years, I may need to return to NC to be closer to my daughter and her family, but while I have my health, I want to live out west for as long as I can. I am amazed at how much thought, research, and planning goes into deciding where and when to retire. This site along with the information and encouragement I have gained from the site bloggers has been invaluable.

    by NancyinNC — August 30, 2012

  25. Re: Disposal of your children’s items: My Mom called and told all of us that we had two weeks to claim our “stuff” or it would go in the dumpster. She meant it and there was a brief scramble when the dumpster arrived.
    Also, if it has been in a box and unused(forgotten) for more than a year don’t open the box, just dump it.

    by KAY — August 30, 2012

  26. In the spirit of down sizing when our 5 grown children came home for Christmas last year we held a “tag sale” of all the things we had been holding onto for them. The items were primarily silver/crystal, etc that belonged to their grandparents and some of our wedding gifts. First the girls, then the boys put the treasures they wanted in large plastic bins, leaving room for negotiation with their siblings. This freed us of all the stuff they wanted and allowed us to freely get rid of what they didn’t want.

    by Sue Moga — August 30, 2012

  27. We were surprised when we moved to our condo in Boca Raton that many of the condo were sold furnished. We moved from NY with only our bed and some personal items. We kept the bedroom set from the previous owners. Additionally, my parents who were already residents of Florida moved into a new condo in Boyton Beach and kept all the furniture in the new condo. It is interesting what happens in other parts of the country. The furniture in our condo was included in the price and that in usually the case. My parents negotiated and paid extra money for their furniture.

    by Joan — August 31, 2012

  28. Many people like to keep their retirement and/or relocation plans on the down low. You need to figure out well before the sale how you are going to handle all the questions and the advice you will get from friends and cooworkers. An easy way is to make it clear in ads and discussions that you are doing the downsizing because the kids are grown and the stuff is not needed is not needed. We didn’t want everyone to know that we had purchased a place in Florida and that we would be making a permanent move. We really didn’t want to listen to all the good advice and concerns and prying that comes with such downsizing. We had several sales and the last being a tag sale with much of our furniture and even an automobile. Then it was truly out that we were getting out of Dodge and soon. Many of those who came to the tag sale came more as a final visit than to actually buy. People wanted to sit down and emote. The sales worked well for us and we got rid of 90% of the stuff. The rest went to charities. Another aspect of downsizing is getting out of all your standing obligations such as service organizations, church groups and clubs, coffee klotches and the like. Downsizing these gives you time to adjust to not being part of them and gives you greater time for focusing on the new life that will be yours. Downsizing and getting out of entanglements often includes a grieving process. This is necessary and will make you stronger. Doing it over many months may be better for you than just saying goodbye and you leave the door. Trust me. You will grow through this process!!

    by David M. Lane — September 1, 2012

  29. My wife and I are looking on the internet at Realtor.com and trying to get some ideas of whether we want a condo or to live in a 55+ mobile home community. Does anyone have comments about the 2 of these? Thank you for your input. Appreciate the helpful advice.

    by Joe — September 1, 2012

  30. Susan – You say you have a log cabin that is all paid for but are selling. Then you mention about renting places for vacations. I’m just curious as to whether you are moving for retirement and renting for vacations or what? Thanks!

    by Karen — September 1, 2012

  31. This is a great article. A couple of thoughts. You can’t start downsizing early enough. My experience is that when I’m going through things I have three piles: One – this stuff goes, Two – Stays, Three – I don’t know. The “I don’t know”is usually because there is an emotional attachment. However, I found that after a few days the mind seems to process it and I look at it again and it winds up in pile One or Two. This takes time but it feels so good to unload stuff. To this day I have to keep guard that I’m not accumulating stuff. Another extremely important thing to remember – Downsize while you are still physically capable to do so. And do everyone a really big favor, please don’t leave your mess for someone else to clean up. It’s not at all appreciated as stated in some of the comments above.

    by Ann — September 2, 2012

  32. Where to Retire magazine publishes an excellent brochure “How to Plan and
    Execute a Successful Retirerement Relocation. Thirty-one pages of advice. A MUST for those of us who are organizationally deficient.

    by Cooper — September 2, 2012

  33. My wife and I are considering retirement in Houston in 2-3 yrs.. Will appreciate any constructive advice,comments,etc.. Thanks.

    by jim knox — September 3, 2012

  34. Jim Knox-I don’t know where you are coming from, but Houston suburbs have high real estate taxes. There is also a lot of humidity.I am not crazy about humidity, but I usually can deal with it, yet for some reason in Houston, it is suffocating humidity-take several trips there during the summer.We are in the hill country of Texas and many people here are from Houston. Most of them are escaping the humidity of Houston. Good Luck!!

    by DianaF — September 4, 2012

  35. Jim Knox, My husband and I have lived in Houston for over 3 years – we are here for jobs. I agree with DianaF: humidity is stifling and very uncomfortable; heat never bothered me much until I moved here! Real estate taxes are high and highways are crowded. Looking forward to leaving next year once we retire. I am curious as to why you are considering Houston for retirement?

    by Fionna — September 4, 2012

  36. Thanks everyone for the insightful comments. You have all added so much to the discussion! Since we wrote this article we have come across 2 additional and very helpful articles on downsizing:
    Yahoo Finance: “Is Downsizing Part of Your Retirement Plan?”
    http://finance.yahoo.com/news/downsizing-part-retirement-plan-110000696.html
    New York Times: “Supersizing the Empty Nest” (a very different perspective)
    http://www.nytimes.com/2012/09/02/realestate/supersizing-the-empty-nest.html

    by John Brady — September 4, 2012

  37. I read so much about the things people look at when deciding where to live…weather, transportation, beaches, housing cost, real estate taxes, whether there is a state income tax, how they treat pensions and social securit and so on. All of these things are very important but these are things we know of and can calculate. What is not so evident is the hidden financial obligations states have taken on to fund pensions and medical benefits for their retirees.

    I suggest you take a very hard look at these obligations as they may dramatically change your opinion on where you are looking to move. For example I have read that the State of Illinois has an unfunded legal obligation of $14 Billion. The scary part is the residences of Illinois have already had a major increase in their state income tax in the past twop years.How would you feel if you moved to a state only to find out in a few years you have a new major tax burden you did not calculate into your retirement strategy? Contact the state you are looking at and ask what obligations they have on the books for the next 20 years that are not funded….you may just be very surprised.

    by Steve T — September 5, 2012

  38. Jim Knox — My wife and I moved to Houston four years ago with a job transfer. We live in The Woodlands and love it. Although our intent was to return to Florida upon my retirement, we have decided to remain here instead. Yes, it is hot and humid like most of the south but we have no problem with that. The property taxes are high compared to some states but that is offset by the lack of state income tax, low cost of housing, access to great medical care, lots of cultural and other activities in the area, and very low cost of living.

    by Morris — September 6, 2012

  39. Hi,
    On the downsizing issue…I had to do this while still employed. It took me five years! But it is done now. and the one lesson that hit home is to carefully consider what you plan to do with that item you are going to buy when you are through with it! It takes buying to a whole new level! On more than one occaision I have reconsidered a purchase after thinking it through.

    by Lulu — September 6, 2012

  40. We hung on to a lot of items because of guilt, or because other people thought they would be important to our children. We found out that our children really have no sentimentality towards most of the heirlooms. They would rather buy items that satisfy their own tastes. Our recent move from the large suburban home to an urban apartment was truly liberating. We got rid of almost everything we own. We had to keep a storage unit for the possessions of my elderly mother-in-law, who unfortunately remembers everything she ever owned, and wants to see them on occasion. We will not burden our kids with our “junk”, for that is what it becomes for them.

    by Patty — September 26, 2012

  41. My husband and I have been retired for 3 years and are currently still living in our town of St. Marys, Georgia. However; we’re in the process of downsizing to a smaller place, going through our things, and relocating. Although we haven’t firmed up where we are relocating to we are focusing on going through our things first, selling larger items, etc. We have visited many areas in Florida but are planning to RV throughout the state of Florida to zero in on where we will relocate to. Condo/townhouse fees can be extremely high but we have found single family attached homes to be a happy medium between condo and a house with fees usually much more reasonable.

    by Bonnie — September 27, 2012

  42. [...] Further reading: Downsizing Checklist [...]

    by » 12 Steps to Downsizing Success Topretirements — June 3, 2013

  43. […] home. Don’t burden your kids with the problem of getting rid of your junk. See our “How to Downsize in Retirement” article, plus a ton of great comments for […]

    by » Checklists for the Retiring Baby Boomer: 10 More to Think About Topretirements — June 3, 2014

  44. We are a few years away from retirement, but have already begun the process of downsizing. We had a yard sale in the spring and will have another one in the fall. If anything is left over, we will donate it to Habitat for Humanity. Every year we will reassess what we have and hopefully, by the time we retire, we will be all set.

    by Norma — June 4, 2014

  45. Is anyone downsizing and moving into an RV full-time? This has been my dream.

    by Terry — June 4, 2014

  46. Hi Norma, yes, WE are downsizing as well, though we have a few years to go before we can retire. I haven’t thought about an RV, though we are open to possibilities. We have 3 dogs and 1 cat, never had kids, so we are concerned about our furbabies. I don’t know if any senior communities would allow pets. My 2 oldest dogs are large, but getting older. I suspect they won’t be around much longer (one is being checking in a few weeks and depending on her condition, may have to be put down. The other one is a year younger than she is, but is getting up there. The little dog is 4 and the cat is 3. They all get along well.
    If you live in an RV, how do you claim your residency? I don’t know the ins or outs about living in an RV. Would this be a large camper like a mobile home? Or the kind you drive from place to place? I am curious as to your accommodations and how you’ll live.

    by Audrey — June 5, 2014

  47. Many of the active adult communities(especially those with detached houses), allow pets, watch for pet friendly in the list of amenities. However, pet friendly alone means nothing…except a place to start. Some have dog parks if you have a dog that is a candidate.

    HOAs often have restrictions that vary by community. Some restrict by breed, number of pets, size of pets. etc. You would have to check about cats especially if yours is an outdoor cat.

    Also check to see if fencing is allowed if you feel that you need that. Again more restrictions about the type of fencing and the area you can fence…usually from rear corner to rear corner so it does not extend beyond the width of the house.

    And I always worry about the lawn and pest chemicals that are used, but is probably just me

    by Elaine — June 5, 2014

  48. Audrey: We plan on having a permanent residence in Florida and living there eight months of the year. The other four months we will be living in a motor home (RV) at campgrounds in Maine. Some years we might even go elsewhere. My husband has his heart set on Bar Harbor, but I think it would get boring going to the same place every year.

    by Norma — June 5, 2014

  49. […] further reading: 12 Steps to Downsizing Success Downsizing Checklist and Tips Topretirements Members Getting Ready for Big Moves eDivvyup – a Web-based tool for dividing […]

    by » 6 More Downsizing Tips from Here and There Topretirements — June 17, 2014

  50. […] Retirement Boston College Center for Retirement Research: Using Your Home to Pay for Retirement Retirement Downsizing Checklist Reverse Mortgages Costing the Unwary Their Homes MarketWatch: Housing is Biggest Expense for […]

    by » The Retirement Piggy Bank You Are Probably Overlooking - Topretirements — October 6, 2014

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