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The Challenges of the Oakville Downsizer

Posted by Gabriela Mendoza on December 12, 2018
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Picture this: you have finally settled into your new home and are reflecting on how downsizing was the best decision you’ve made in a long time. As you sip your morning coffee, you go online to research your vacation plans. You find the trip you have dreamed of is on sale and you book it right then and there.

This could be you if you decide to make the decision to downsize but there could be various concerns holding you back. Here’s a list of common concerns about downsizing and why you shouldn’t let these doubts affect your decision.

Downsizing in Oakville is a Financially Lateral Move

Most downsizers are looking to relocate south of the QEW, walking distance to the lake or great restaurants and shops, which can be known as being too expensive. What most people don’t know is that there are a number of options in South Oakville that you can buy for less than $750,000 that will meet all these requirements

There are No Good Options (Inventory)

There are currently over 100 downsizing options listed between $400,000-$750,000 on the market in Oakville. This list includes two-bedroom condos, three-bedroom townhouses/semi-detached and detached bungalows south of the QEW. 

What Do We Do with All of Our Stuff?

Most realtors offer a staging service but a realtor who understands the needs of a downsizer should also provide you with a professional organizer. This allows you to come up with a strategic plan on what furniture and items are required to be in the home while you are selling it and what items you can remove. In addition to packing up items, a good professional organizer will coordinate with charities to pick up items you no longer need.

Who Will Host Christmas Dinner?

Your home has always been the place your whole family comes to for Christmas Dinner. Most condo buildings have a party room with kitchen facilities. Furniture technology has come a long way and you no longer need a 5′ x 12′ oak table to seat 10 people. Cook at your kin’s house instead. Take the family out for holiday dinners with the excess equity you opened up due to downsizing. Remember, holidays are not about where you are, it’s about who you are with.

Fear of Change

There is no doubt that family holds the bulk of your best memories: bringing home your newborn baby, the kids playing in the backyard, Christmas morning, etc. The good news is you can take those memories with you. Talk to friends who have downsized or an experienced realtor to see how the benefits of financial freedom, lower maintenance costs, and freedom to travel have impacted their overall wellness and made downsizing the best decision they ever made.

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