Has your 401K made you reconsider your retirement home size?
Not too big, not too small, just right! Since our average house size has increased, and increased and increased; will baby boomers look more to downsize and simplify, or do they still want McMansions?
I hear the voice of a little concern in my age group, what will the future bring? What size will my Recession house be? How long will a recovery of my 401K take? Can I afford my big dream house or should I just have sweet dreams in a smaller one?
Since Cash Is King, and the more of it you have the better off you are, maybe we'll see a bit more satisfaction in a normal sized house you can afford.
So I ask you, what size will be the right size?
1200sf 2000sf 2500sf 3200sf 4500sf 5500sf 6500sf
The Quilting Realtor
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Many Dream Of Living In Montana I'm One of the Lucky One's That Already Do! Wanda Thomas Call or Text 406-698-8640 for help with all things Montana. |
The size of my homes follow a bell curve. In my youth, it was a small apartment,...then a house...then a bigger house....and the biggest house....down to medium...then small. Yes, at first it followed my income growth, too. Later, it followed my ability to keep a house. Less is indeed more.
As I approach my golden years, I'll be happy to have a home just like my first home, all on one level, no steps to entry. So the right size home will probably depend on what stage of your life you're in.
Hi Wanda, This is an interesting question! My answer-- the one with no mortgage!! From where I'm sitting...and my investments going down every day I'm worried it will be a cardboard box, under the bridge. ( kidding)
I think The "Haves" will have their big house, and not worry about how to heat it, or cool it, and the "Have nots" will do the best they can... just like always.
Hi Wanda,
2,000 sq. ft. according to your question. Truthfully 1450 and SINGLE STORY (no steps no stairs anywhere) would be just about right. Like Mary (above) no, or minimal mortage would be the best.
Wanda...
As you get older, you don't want to spend your time cleaning and doing yard work, so smaller is better ... greener too!
Pacita--Oh no, I'm on the downward slope
Mary--You are so right! We have a bit of the hippie mentality and have an energy efficient home, nearly paid for, a few acres for an animal or two, I want some chickens, and we have fruit trees and a garden. Will this be called a recession garden as well?
Lynda--Single story rules! We can role the piano in the front door. But yikes, we have alot of outside work to do.
Richard--Smaller is better, just don't like wasted unused space
Not sure how long our investments will take to recoop. I hope I still like Real Estate in another 10 years!