IS NOW THE RIGHT TIME FOR A CHANGE?

IS NOW THE RIGHT TIME FOR A CHANGE?

On 13 August 2014, people flocked to the Dee Why RSL Club to attend, “Rightsizing: Is Now the Right Time for a Change.” Three keynote speakers, each an expert in their own field, shared their perspectives about rightsizing:

  • Belinda Grundy, Founder and Author
  • Jenny Simmonds, Financial Planner for Retire by Design and ClearView

If you missed this event, here are some of the takeaways embodied in Belinda Grundy’s talk. You can also find useful information in her recently launched book, “Rightsize your Home: The Empty Nester’s Guide to a Stress-free Downsize.”

What is an Empty Nester?

Belinda discussed the concept of the Empty Nester by relating it to the Suburb Life Cycle. Clearly, the kind of lifestyle native to a suburb is dictated by the type of household it has and the amenities that it offers to its residents. Because of these amenities, it is common among suburban places to initially nest young families and a little bit of mature families.

As young families progress through life, children come about thereby increasing the size of the household. This requires a different set of services and amenities from a home. If a suburb is capable of providing these services, households will continue to grow. At the same time, household growth may also lead parents to find a more spacious home to accommodate their growing family.

Soon, children gradually start to leave the nest in order to start their own lives. This results to an empty nest and gives rise to its dwellers as “Empty Nesters.”

A lone person household or an empty nester household (2 persons) consequently requires a different set of needs. Again, if a suburb supports the needs of Empty Nesters, they may stay within the suburb and sustain the population.

Speaking of Empty Nester needs, the need to live within a supportive space is evident. A spacious home may no longer be practical because of upkeep and utility. This leads Empty Nesters to entertain this question: is now the right time for a change?

Read: The Right Age to Rightsize

Is Now the Right Time?

Keeping the rightsizing perspective simple, Belinda Grundy posed a few situations that warrant consideration to downsize:

  • Are the kids still around?
  • Are you comfortable maintaining a spacious home?
  • Do you have the time to maintain your home?
  • Can you juggle contractors and trade when it comes to maintaining your home?

If your answer is yes to any of the questions above, then you should consider rightsizing. Belinda offered her thoughts regarding the situations above:

  • You can rightsize to a home with a spare room for visitors (and your children).
  • You can easily lock a rightsized home and leave – for work or for travel and leisure. You can do maintenance work during your spare time.
  • You can save time by maintaining the right space for you instead of covering a large home footprint. This translates to less stress – or the absence of it!
  • Instead of juggling with contractors and trade, you can pursue your own personal interests because you have everything in control.

Read: The Gifts of Rightsizing

Then again, rightsizing requires careful planning. And perhaps the greatest opportunity in rightsizing is uncertainty – a consequential feeling of moving from one stage of life to another. That kind of uncertainty is universal, but life has to moves on. So don’t hesitate to ask. You can contact Belinda Grundy at 02 9986 0524. You can also visit her website here.

Check these photos taken from the event: