04/24/2024
Baby Boomers own 28% of large homes (despite being empty nesters) while Millennials with children own only 14%.
If you're considering downsizing, this could be golden news for you.
The reality is, a significant chunk of our market is hungry for the kind of home you may be thinking of saying goodbye to. With that in mind, here are three more ways to make downsizing work given the real estate landscape in our market.
Utilize digital storage.
Now’s the time to digitize those important documents, photos, and other sentimental items to save physical space. Invest in external hard drives or cloud storage (like Google Drive or DropBox) to store digital files securely. And if you're not sure how to do it yourself, services like LegacyBox or EverPresent can help.
Trade the oversized furniture for slim and multi-functional.
Choose furniture that serves multiple purposes to maximize your new space. Look for sofa beds, folding tables, and modular storage solutions that can serve multiple functions.
Toss the kitchen “fluff.”
There’s no better place to free up some serious space than in the kitchen. Do you need a breakfast sandwich maker, a cake-pop maker, two Instapots, and a backup air fryer? Take a no-nonsense look at your gadgets and appliances, and only keep the ones you use most.
Remember, downsizing isn’t just about letting go of possessions; it's about gaining freedom, space, and peace of mind.
Thinking of making the move? I've put together a comprehensive guide to buying and selling simultaneously, ensuring you don't miss a beat in this seller's market. Comment "downsize" and I'll send over your copy!
Source: Boomers won’t part with their homes, and that’s a problem for young families | CNN Business
