Timing Is Everything

Timing the Move for Seniors

This is the fifth in a series of articles in answer to requests for more informational help with “downsizing” issues for seniors. The focus here is on considerations about the timing of a move.

Table of Contents

Your Lifestyle Now and In the Future

Previous articles in this series have included the concept of “right-sizing”, thoughts on preparations for an eventual move, and practical suggestions to begin the process. The question of when to plan the move is an equally important aspect of the decision many of us will eventually have to make.

Considering your lifestyle, both now and in your future, is helpful in the process of deciding when to move. If you entertain frequently, you may need more space than if you rarely have people visit. If you plan to still be working or have some particular hobbies or interests, you may need extra rooms or space. These needs might not easily be met in a smaller residence so you may prefer to postpone a move for a few more years.

Some people look forward to when they will be able to live in a retirement community, anticipating the many recreational and various group activities they can participate in. Others prefer to delay a move to any form of group or community living arrangements until they are simply unable to continue living on their own.

Practical Considerations For Timing Your Move

There are other practical issues that may determine the ideal timing of a move. For example, are there any events happening in your near-future that would have a significant impact on your decision to move? These might include a retirement date, a spouse who is beginning to need special care that a facility might better provide, a grandchild being born and living in another city, etc.

Once as many of the issues of concern have been explored, it may be possible to set a target date for the move. This will give you a goal to work toward. If you don’t set up some time frame, at least as an approximate target, this may result in indecision and procrastination, and of course, you would not be taking appropriate actions to get the process done in a timely and well-planned manner.

Set A Goal Move Date

The benefit of the approximate goal date is that you will more likely focus on making progress toward fulfilling that goal as a priority.  Certainly, things may come up that may lead you to change the date, such as a new job assignment or unexpected news or information about family or friends. However, having a date will give you a focal point to work toward and with.

Once you have a date in place, you can work backward to see what actions are required to get to that goal from where you are now. Having the plan in place and beginning to put the plan into action will lead to a more comfortable and smooth transition.

Don't forget to share this post!

On Trend

Popular Stories

Remodeling
A Homeowner’s Constant Challenge: Water Damage

Water damage is a constant challenge faced by property owners across the country. Despite the presence of basic water control devices, unexpected problems can arise, ranging from minor flooded backyards to serious mold growth inside walls. To avoid costly repairs, it is recommended to schedule an annual maintenance check of all items related to water damage prevention.

Read More »
Real Estate News
Back to Normal in 2023?

The real estate market in the Palisades has seen almost continuous increases in property values for the past 10 years, with prices increasing by nearly 1.5% per month over the last 3 years. There are signs that the market is moving towards a more balanced state, with fewer multiple offers, loan applications, escrows, and motivated sellers adjusting their prices.

Read More »
curb appeal 940Bienveneda
Real Estate News
How Will the New “Mansion Tax” Affect You?

Measure ULA recently passed in Los Angeles, resulting in an increased transfer tax for property sales over $5 million beginning April 1, 2023. It may be beneficial for property owners to sell before April 1 in order to maximize equity and take advantage of the current seller’s market, as well as to avoid the higher transfer tax.

Read More »