Top 5 Ways to Start a Conversation About Downsizing with Mom & Dad

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If having a conversation with your parents about downsizing is on your mind, it can be hard to know where to start. But there are lots of ways to open the discussion!

Copy of NYC1. Ask about a friend or family member who has had a recent health crisis, accident or move.
Often people approaching time for a change are following events of their friends and peers and thinking about them too. By raising the issue, you may find your loved one pours out a whole conversation around their own emotions that will make a natural segue into the subject.

2. Ask if they’ve seen or heard about any new housing or retirement developments.
In today’s marketplace new developments are well advertised and there are many excellent choices for senior downsizing that did not exist even 10 years ago. Most places today offer fully independent living. Your parents may be interested in “looking” but have not mustered the courage to tour any of the options. A quick discussion opening the topic will often convince Mom and/or Dad to “have a look”.

3. Ask how they’re managing around the house.
In our experience, people who should be thinking about downsizing are well aware of how much harder it is becoming to manage things like lawn, snow, interior maintenance or even reaching things high up in the cupboards. Asking the question often brings out how they’ve been feeling already.

4. Ask if the cost of house maintenance has changed in the past few years.
Often, people manage the ongoing chore burden by hiring third parties. This can be a good solution for a while, but sometimes leads to budget or cash flow strain that they would love to verbalise when given the chance.

5. Gently point out the deficiencies that you see in your parents home.
Things that used to be tidy and taken care of that have now been let go. The longer things are let go, the bigger problems they will become in a home inspection when your parents decide to sell their home. These ongoing deficiencies will diminish the value of the home over time and most times your parents don’t see them. This will make efficiently pricing the home more challenging when they choose to sell their home and need an efficient sale process.

Art’s Experience – “It made life easy”

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Meet Art Russell, a client of Gordon’s Estate Services. Watch the video below to hear his story!

My name is Art Russell and I always thought that Gordon’s were really great to us. They moved us into this apartment, the set up the furniture, they did everything we wanted to do, but what really impressed me was: when they did the china cabinet, they took pictures of every shelf and they put it all back the way it was when we moved into the building. That was one of the things that really impressed me.

They sold all my other stuff that I didn’t think would bring any money and it ended up bringing quite a bit. And they sold my house within three weeks. Because of what they do, with the downsizing and the handling of everything; they promote that, and they really carry it out, I have to say.

I’d say call Gordon’s, they handle everything. They make it easy. They make life easy. I didn’t have to do anything really.

Baby Boomers Downsizing into High Rise Condos

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Original Article from CBC Canada News
Posted: Mar 15, 2014 2:00 PM ET

Condo living isn’t just for 20-somethings anymore, at least according to the clients of one Toronto-area developer who are giving up the demands of owning a house in favour of a new building aimed at an older market.

Developer Jack Pong says construction of the Harmony Village condos —near Warden and Sheppard Avenues — was partly motivated by a recent poll which found one in six adults in Ontario is planning on moving to a smaller home in the next five to 10 years.

About half are considering a condo.

“If you have a house you’re sort of a slave to it, with repairs and maintenance,” said Pong.

Construction hasn’t started yet but Pong says one-quarter of the units have been pre-sold. The plans are full of amenities targeted at adults over 40, including a large theatre, a wine cellar and a community centre overseen by staff from a neighbouring seniors’ centre.

 

http://www.cbc.ca/news/canada/toronto/baby-boomers-downsizing-into-high-rise-condos-1.2574238