Trading Places
So, you’re an empty nester now. The kids are all off to college and you’re planning out the rest of your life. Think about that giant 4-5 bedroom house you live in now. Does it make sense anymore for you and your spouse and your pets? Probably not. There are two ways to approach aging in a large building, the first is to go multigenerational (becoming very popular with the college kids who can’t find a job) or trade-in for something smaller and longer-term if you were to look about at different real estate agencies such as Reali or others to try and sell your current home in place for the other. If you have a close-knit family or you expect to live with your kids as you age, then staying put can make sense, you just have to do some remodeling to make it a little more multi-family friendly and accessible. Call an architect about adding to an apartment or redesigning the bathrooms. If you want to live your life without your children, however, think about trading down to a smaller place.