Many years ago you purchased a home with lots of bedrooms. It was in a nice neighborhood with lots of young families like yours. It was in a good school district and it was a great place to raise your family.
But now the children have moved out and started their own families. And you’re left with a house that’s too big for the two of you. And it no longer fits your lifestyle.
Maybe you should remodel the house to make it more how you now want to live. You can move some walls, sacrifice an empty bedroom for a more lavish master bath, or maybe a walk in closet or ??? Install a chair lift or an elevator, or possibly convert the living room into your new master suite so you don’t need to climb stairs. But is this the correct way to go?
Money spent on remodeling rarely has a good financial payback. And even if you make the alterations that will adapt the home to your changing lifestyle, you’ll still be in the same neighborhood. One that is changing, and the new generation is buying for the same reasons you purchased there all those years ago. And, eventually, you’ll be surrounded by a younger generation with children. And you won’t have much in common with the younger generation that are your children’s age.
So maybe you should consider a move. Possibly a home in an adult community. You can get a home without stairs. A home that’s smaller. Easier to keep clean. Easier to maintain. Where someone else cuts the grass and shovels the snow. A home in a community full of people in your generation. People you have common interests with.
I know it’s a difficult decision, and it’s one that we are currently wrestling with.
