16 Jul THE 4-STEP DOWNSIZING ROAD MAP
If you are thinking of downsizing or you have already begun to make your next move, you may be feeling a little overwhelmed which is completely understandable – you have a big job ahead of you.
You will discover our 4-step Downsizing Road Map designed to help guide you on your Downsizing journey. Each step is segmented, and by following this map, you will be sure to achieve an exceptional outcome both emotionally and financially. Please consider these steps carefully and follow the right order, detailed below.
We encourage you to seek professional advice to achieve the best outcome. All professional agents under the ‘Downsizing Connections Group’ are list in our Service Directory. We have qualified every partner to ensure they can help you move through the transitioning process with ease. If you have any questions, please feel free to contact us anytime on 1800 625 163.
Step 1: Decision making
The first step is often the hardest, your decision to move. Discussing your options with professionals and making the right decision is imperative.
You may be thinking of building a granny flat and renting out your property, or selling and moving into a lifestyle village or a smaller place of residence. These are the most common options.
You will need to consider your new location and the most appropriate transition depending on your financial or personal circumstance.
Discuss your options with your Financial Planner / Advisor. If you understand your financial situation, you will feel more confident about your future plans.
Also connecting with your Local Agent and requesting an appraisal at this stage is a must.
RISK: Being unaware of your current situation or the options available may see you head down the wrong path.
Step 2: Property Potential
The next step is about preparing your home for sale / rent to increase appeal.
Your property may just need a fresh coat of paint and some new carpets or you may be advised to renovate.
If you present your home in the best manner and it appeals to your ideal target market, you will attract the right buyer and achieve the best possible result.
The required spend at this stage should be considered an investment.
If you do not have any money to spare to improve your home, drawing on your equity until the settlement date may be a viable option. You may need to discuss this with your Financial Planner.
Your Property Makeover Specialist / Moving Coordinators or Local Agent can help you understand the potential of your property
RISK: If you sell your property ‘as is’ you may not achieve the best outcome, and your property could remain on the property market for a lengthy period.
Step 3: Decluttering
You will need to need to spend time going through your things and decide what you will keep, sell or toss.
Having your future plans in mind can help you move through this stage more peacefully.
Your Decluttering Moving Coordinators can help you declutter in a strategic and easy manner. They can also connect you with an Auctioneer and other service providers to help you sell any valuable items you would no longer like to keep.
RISK: If you keep too many things and they do not fit in your new home, you will need to pay for an additional storage solution.
Step 4: The Selling Process
Now it is time to move through the selling / leasing process with your selected Local Agent.
You can discuss the options of selling privately or by auction depending on your circumstances.
Selling your home quickly and with ease requires step 1-3 being completed first.
When its time to sell, your Property Agent will guide you through the selling process and keep you informed every step of the way.
RISK: Choosing an agent based on commission alone may not result in the best outcome.
If you have questions or would like to know more information, contact us here.