Downsize Your Home, Upgrade Your Life BY ERIN McFEETERS
W
ith higher than ever sales prices and a lack of inventory for buyers, any mention of downsizing often correlates with purchasing a smaller home. However, your clients don’t necessarily have to compromise the spaciousness or square footage to downsize. Clients could want to downsize by eliminating their travel time to family members, cutting back on expenses, or lightening their responsibilities. “We are seeing people look at new or different configurations of space. For many of them, downsizing does not necessarily mean a smaller home but one that has more options for use of space or more people involved sharing the costs,” said Kathryn “Kat” Timpson, a Realtor® with Coldwell Banker Realty
in Summit. “A room off a kitchen for increased at-home schooltime; a full apartment in the basement (or potential for it) to have different generations living together or to offer a rental opportunity; more outdoor space so that there is room for everyone to be out of the house but still nearby; better proximity to more things they want like recreational options that come from living in less densely populated areas. Maybe it should be called RE-sizing.”
NEW JERSEY REALTOR ® | MAY/JUNE 2022 | 15
