Make a Smooth Transition to Assisted Living When You Make the Right Choice with Your House
Moving to assisted living is a major life choice. There is a lot to look forward to as well, including meeting new people and enjoying new opportunities and activities. It can be a very exciting time. A new life awaits you, but there are many difficult decisions to make along the way.
One of the hardest parts of moving to assisted living is deciding what to do with your old home. The most common options are leaving it to a loved one, selling it, or renting it. No matter which option is right for you, there are a few simple things you can do to make this transition period less stressful for you and your loved ones.
Preparing Your Home
The biggest stress reliever and time saver when transitioning to assisted living is properly preparing your home for whatever comes next. Even if you decide to leave it in the care of a loved one, you must depersonalize the living spaces and repair any damaged or worn aspects.
Having the help of loved ones is a great convenience, but you should also obtain the services of an experienced real estate agent. No one knows the ins and outs of your local market like a real estate agent. Not only will you get expert advice on how to get your home ready for an extended vacancy, but also when the best time to sell is and how to get the most for your home.
Depending on how much you will take to your new abode, you must pare down your possessions considerably. This could mean giving away furniture, housewares, and knickknacks or selling them. An estate sale will leave you with a nice sum of extra cash. Also, consider auctioning off the entire contents or using an online auction site like eBay.
Leaving Your Home to a Loved One
The easiest choice for your home is probably leaving it to a child. Allowing someone who loves your home as much as you do to start living there is a great comfort. It stays in the family along with all the memories and mementos of life spent there. That isn’t to say this option is without trial; monumental tasks such as removing all personal items, selling furniture, replacing appliances, and making repairs are still ahead.
If all of your children are financially stable and have homes of their own, they may decide to rent or sell it themselves, which could be another option for income for you. Leaving your home to a child or relative may be the easiest option but it is also the least financially helpful to you. If you need cash for living expenses, consider renting or selling.
Renting or Selling Your Home
Assisted living is not cheap. Often, homeowners need the money from a home sale or rental to live. Whether you are renting to a family member or a stranger, this is another option your real estate agent will be a great help in. An agent can show you the tricks to make your home more appealing to buyers and the best times to put it on the market.
Renting or selling is a better option, financially speaking. You will receive a large lump sum and perhaps smaller payments throughout the year depending on your choices. Save for future expenses and emergencies, or use it to pay for daily living expenses. The choice to rent or sell depends on your personal situation and needs.
Moving to an assisted living residence is a milestone in life. Making it as easy a transition as possible is your right. No matter what you do with your home, it is important that it gives you peace and comfort during the most relaxing days of your life.