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#215980 - 01/01/12 10:05 PM Living /downscaling to a smaller home now/soon?
orchid Offline


Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
2 things that got me thinking about this since we each have different concepts of what we consider "small" but livable space as a home for ourselves.

1. At work, a gal in her late 20's, is looking around to buy a home. She's looking at 3 bedroom homes....she's never lived away from her parents. So it's looking at 1,000+ sq. ft. homes. Hope she adjusts to the concept of full out housework and preparing meals soon. (She's well looked after at home now.)

2. On another Internet forum, some women were oohing and aahhing over tiny 450 - 700 sq. ft. 1 level homes. Whenever they downscale. Most are in their mid 40's up to 60's. I've lived in approx. 700+ sq. ft. or less condos for past 25 yrs. It's commfy and just right for me /us. Depending when he was living with me (at beginning of our relationship, first 14 yrs., no).

Are you in right amount of space at this time in life or planning to downnsacle. Or never will?

I don't see downscaling as "retiring" . I see it as normal way of living. No need to look after 2 bathrooms, good grief.

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#215982 - 01/01/12 11:35 PM Re: Living /downscaling to a smaller home now/soon? [Re: orchid]
Anne Holmes Administrator Offline
Boomer in Chief

Registered: 03/12/10
Posts: 3212
Loc: Illinois
Orchid, your co-worker reminds me of a young woman who was my first intern, and later my first employee.

When I first me her, she was a college student, living in a dorm. On graduation, she and her boyfriend moved into an apartment in an old house, which was just off campus, as he was still finishing his MBA. So nothing seemed odd to me about their housing choices at that time.

But then he got a job with a big corporation that has multiple office locations and was sent to Atlanta. Immediately they got engaged and started gearing up for her move down south after the wedding.

She told me they were looking at large 4-5 bedroom homes with big yards and multiple bathrooms - which really took me by surprise. But her explanation of why "kinda sorta" made sense: The corporation he worked for would be moving him every few years, and their relocation staff suggested this sort of home, saying it was always going to appreciate in value, and would always be easy to sell.

Clearly it would be a lot more home than a startup DINK (dual income no kids) family would need.. and I agree about the trouble to clean it, not to mention needing to furnish it.

But I also understand the concept of buying a home you know will be easy to sell -- if you know that you will be relocating every few years.

As for us, we downscaled to a smaller home as soon as our youngest graduated from college. By then the dog had died as well, so in addition to no longer needing 4 bedrooms, we also no longer had a need for a fenced yard.

These days Steve and I occupy the main floor of a duplex townhome, living all on one floor in what is probably no more than 800 square feet. Our space has 3 bedrooms, but we use two of them as offices. (In reality, we also have a fully finished lower level, with two more bedrooms, another bath and a family room. But I might as well rent them out -- as we never go down there.)

I think this is a good amount of space for our needs. I don't think I would want to go smaller than this - being as we work from our home so Steve and I are essentially together 24/7. I find it is a "good thing" to have enough space so that we don't feel like we are always in each other's pockets, so to speak.



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#216036 - 01/06/12 12:37 PM Re: Living /downscaling to a smaller home now/soon? [Re: Anne Holmes]
orchid Offline


Registered: 01/21/07
Posts: 3675
Loc: British Columbia, Canada
No doubt the investment value is important in terms of number of bedrooms.

I've seen how some single women manage it on their own ..for decades. It doesn't get easier when one gets older, it's more work as the house/bigger place ages (along with the owner. :)) Unless the person has a salary to pay people to look after it.
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#216051 - 01/07/12 01:27 AM Re: Living /downscaling to a smaller home now/soon? [Re: orchid]
Sandy N. Offline


Registered: 12/23/10
Posts: 201
Loc: Washington State
I don't think we can assume that larger homes will "always" sell. People seem to be downsizing these days, and it seems like many of the old assumptions about real estate are no longer valid. Well, except one: don't buy more home than you can afford!
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#216119 - 01/14/12 12:58 AM Re: Living /downscaling to a smaller home now/soon? [Re: Sandy N.]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
That makes perfect sense Sandy!!! Live within your means...
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#216138 - 01/14/12 09:17 PM Re: Living /downscaling to a smaller home now/soon? [Re: chatty lady]
Joanj Offline


Registered: 01/14/12
Posts: 11
My husband and I live in a 2400 square foot house with an upstairs. We got it when the kids were still moving in and out but they all have their own places now and we are going to downsize to about 1600 square foot this year.

I think many seniors are deciding they don't want to care for huge houses and the smaller sizes are coming back into style. It saves money all round with taxes and insurance too.

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