Home Buying in Anchorage: Decisions to Make When You Downsize

Posted by Dan Wolf on Friday, August 14th, 2015 at 8:04am.

When home buying in Anchorage, Alaska, you will inevitably have costs associated with a move. As a retiree or younger person interested in downsizing, remember to budget for hidden costs. A reputable Anchorage, Alaska, Realtor will show you the hottest properties that appeal to baby boomers and older retirees. Many of the renovated and new construction properties on the market are smaller in terms of square footage, but modern, intelligent and elegant in terms of design and layout. According to a recent article by usnews.com, people moving in retirement need to evaluate a variety of costs including property taxes, home owner’s insurance, condo fees, moving costs and travel expenses. If you are relocating to Anchorage from another state, talk to an experienced Realtor about neighborhoods and communities that draw your peers. According to a study by The Demand Institute, two-thirds of baby boomers in their 50s and 60s say they plan to stay put for retirement. If you are a longtime Anchorage resident, you will likely be surprised by the luxury homes designed for retirement living.                    

Right-sizing versus downsizing

Instead of automatically assuming you will need less square footage in retirement, be open to different size homes. New construction homes are larger because of the overall housing trends. It does not cost as much money to heat and cool a new construction home because of advances in materials and technology.

Moving versus giving thing away

It costs money to put your furniture and favorite mementoes on a moving truck. Home buying in Alaska is an exciting adventure for many people. If you are relocating to Anchorage from the opposite side of the country, you will likely find the décor is much different. Before moving day, consider giving away some of your items to family or friends. Another possibility is to put some belongings in storage, but that also comes with a cost unless you can store your items at a relative’s home.

Experts say some baby boomers are too emotionally attached to their possessions due to sentimental reasons. Baby boomers who are hesitant to de-clutter can hire a senior move manager or organizer, according to usnews.com. A professional will help you sort through your things and your emotions while also facilitating any conversations you need to have with friends or family about inheritance. The “who gets what” talk is often easier to have while relocating to another city.

At Wolf Real Estate, we understand that moving is an emotional process. We help pre-retirees and retirees with home buying in Anchorage, Alaska. For more tips on how to downsize without losing sleep and finding the right size home of your dreams, please contact us at 248-9653 or visit us online at www.anchoragehomesearch.com.

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