Connect with us

My Weekly Preview

Making downsizing or rightsizing work

Property

Making downsizing or rightsizing work

A retirement village isn’t for everyone so it’s important to explore all options when selling the family home. WORDS: Tracey Johnstone.

Choosing the size of your next home can turn out to be quite a journey, sometimes with unexpected outcomes.

This writer spoke to four Coast residents who recently joined the growing number of people moving from the family home, choosing to rightsize or downsize.

“Some people are using the whole COVID thing, if they aren’t travelling, to double what they are putting into a property,” says Next Property Group principal Loren Wimhurst.

“There are others who want to simplify their lives. They are downsizing in style, going to another equally valued property, but with less maintenance.

“I think they are enjoying being at home and being as comfortable as possible.”

Claire and David Simpson are delighted with their downsizing move. They sold their four-bedroom Buderim home with its garden and pool, snapping up a two-bedroom apartment near Maroochydore.

“We wanted beachside, a decent view and a reasonably new building,” Mr Simpson says. These Baby Boomer lifestylers say they didn’t consider buying into a retirement village. “It would turn us old I think,” adds Mr Simpson. Their new home gives them easy access to their various fitness and social activities, as well as shops and restaurants. Being close to the action they say remains their top priority.

Ian and Pam* tried downsizing. It wasn’t to be. Ian says he wasn’t keen about selling their waterfront Minyama home, but Pam was determined the couple downsize to a ground floor Kawana apartment, which would also accommodate their small dog.

Just after they moved Ian says they experienced an anti-dog movement in the complex. After a lot of angst over just two months, Ian and Pam listed and sold the apartment within 24 hours.

The upshot of Ian and Pam’s wholly unpleasant experience is they ended up very happily rightsizing, buying a large home in Buderim with a garden and plenty of room for the dog to play.

Mountain Creek resident Kaye* was initially feeling sad when she sold her large family home but now with a ground floor apartment in Mooloolaba she couldn’t be happier. “It’s perfect,” she says. Everything she needs to enjoy her new life is close by.

“There are so many options now,” Ms Wimhurst says.  “Not everybody wants a monster home. You don’t have to go into a unit in among holidaymakers. You can downsize or rightsize with style.”
                * Surnames withheld for privacy.

More in Property

To Top