Making the Move

Article submitted by Mary Casey of Rusinak Real Estate.
For more information, she can be reached at 719-590-6101.

For many, this could be you talking. Maybe your home no longer meets your needs; you may not want lawn care and exterior maintenance to devour your days; maybe you are no longer able to keep up with the chores around the house. Others may have new priorities like travel or golf, or health issues may require a move. The nest is empty, so why have 4 or 5 bedrooms? If you're considering a move, maybe this article will help.

Leaving a long term residence is very emotional for most people. You know the neighbors and neighborhood; where your favorite stores are located. Give yourself time to process "letting go". Also focus on your new residence as a new adventure. There are likely benefits to your move, such as more free time to pursue your hobbies, making new friends or spending more time with family.

Start cleaning out closets, cabinets and garages now, even if your move is a year or more away. Undoubtedly there are many things you can live without and now is the time to donate them or have a garage sale. Family members may greatly appreciate receiving items you no longer need. It may help you to focus on cleaning out one room at a time, assessing what you truly use on a regular basis and what you haven't used or touched for years.

Investigate your options for new housing. Today there are many independent living centers, town homes & condos featuring main level living. It will take time to learn about your options. You may want to enlist the assistance of a family member or trusted friend to go along on your investigative jaunts. They may identify pros and cons not readily visible to you. Ask lots of questions and consider your day to day living needs as you check out your options. Don't be pushed into making a quick decision.

Recent tax law changes may help you with your decision to make a move. If you have owned and lived in your primary residence for 2 of the last 5 years, then you can take up to $250,000 profit per person or $500,000 per married couple without paying capital gains taxes. If your financial situation is unique, or you've used your home as a rental, then you should consult a tax expert before moving forward.

Good planning will help you as you consider leaving that long term residence. Give yourself the time to make the move that's right for you!