Dec 15, 2023
Welcome to the "Living Kelowna Podcast," your go-to source for valuable insights on downsizing hosted by Brandon Grass. In this episode, we tackle the challenge of downsizing, particularly for those in their golden years. As you age, managing a large home can become overwhelming, and the prospect of downsizing may seem like a daunting task. I, Brandon, a Kelowna area realtor and certified senior real estate specialist with eXp Realty, am here to guide you through this process with confidence.
Discover the key considerations for downsizing at the right time with both practical and emotional aspects in mind. From the emotional challenge of parting with long-held belongings to the practicalities of choosing the right location within your budget, we delve into the intricacies of finding a new home that aligns with your lifestyle. I invite you to share your preferences for your ideal downsized home in the comments.
Statistics Canada reveals the average retirement age in Canada, just over 63 and a half years old, prompting the question: Is this the ideal time to downsize in the Okanagan? We explore crucial factors to consider, including the overwhelming maintenance of your current home and the feasibility of aging in place. Evaluate the accessibility of your kitchen, bathroom, and bedroom, considering stairs and potential obstacles as you age.
We break down the costs associated with living in your current home, from taxes and utility payments to mortgage, strata fees, and maintenance costs. If you find yourself house-rich and cash poor, the booming Central Okanagan real estate market may offer an opportunity to add some much-needed cash to your savings through downsizing.
Ready to make downsizing easier? Connect with me for a free downsizing consultation, and together, we can create an ideal plan tailored to your needs. Have questions? Call me at 250-212-5672—I'm here to support you in every way possible. Stay tuned for more insightful episodes, and if you're considering 55+ age-restricted communities in Kelowna, be sure to check out our next episode for essential considerations in selecting the ideal community to call home.
View even more helpful resources, guides and start your search on the #1 Kelowna real estate website by visiting BrandonGrass.com
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Brandon Grass Team with
eXp Realty Kelowna
1631 Dickson Ave, Suite 1100
Kelowna, BC V1Y 0B5