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For things you no longer use or need, think about selling or donating them, Patel said.
Prioritize Location Over Size
A smaller footprint doesnt have to mean cramped.
Patel suggests layout goes a long way toward creating a comfortable flow even in a smaller place.
Seek a house with a layout that meets your demands and tastes, and that is also conveniently located.
First, determine how much space you need.
A two-bedroom condo or small house is often perfect for retirement, Greiner said.
Explore downsizing options like condos, townhomes, patio homes and small houses in your target area.
And dont forget to compare costs like HOA fees, property taxes and maintenance, Greiner said.
A condo may have lower maintenance but higher HOA fees.
A small house may havelower HOA feesbut higher maintenance costs.
Find the right balance for your budget and needs.
There are also frequent resources for seniors like property tax exemptions and deductions to make downsizing even more affordable.
He recommended ADUs as a great downsizing option, particularly if youll live alone.
ADUs are revolutionizing retirement living in areas where they have been recently legalized, Phillips said.
They offer an innovative solution for retirees looking to downsize without leaving their cherished neighborhoods.
ADUs can be tailored to fit specific lifestyle needs and accessibility requirements.
ADUs offer a balance between downsizing and preserving autonomy in retirement.
Dont wait to make decisions.
Start planning your downsizing early and set goals.
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