When we visit retirees and they are thinking about “rightsizing” their homes, one of the first questions that comes up is what they should do with all of their stuff. People want to make a change, move into the right size of home, or get closer to family. But the big holdup is what they should do with all of the things that have accumulated in the home over the years.
Emotional Attachments to Stuff
While there are many options to consider regarding the way you should manage stuff, it is important to realize that there are also emotional attachments to these items. Many times, your children or family members don’t want the stuff in your home. Even though you have things that feel valuable to you, these items don’t really have value to others.
For example, my parents grew up in the depression, so they had very little growing up. Having stuff was very important to them. They had many collectibles in their home that seemed to have value, but many of these things can be bought on Ebay now for $2 each. These online auction sites are being inundated with these items because the children who are inheriting these items already have things of their own, so they are looking at options to sell the collectible items.
What is Important to Others
Even though some of these figurines and china-cabinet items no longer hold much value, there are things in the home that will be valuable to your loved ones: the little things that hold memories for the family. Your children will cherish some of the items that hold emotion and happiness from their childhood.
Buying a new home is just a portion of the decisions that need to be made in retirement. As you are preparing for this new lifestyle, it is important that you have a team of experts who can guide your decisions in this process. At Greenwald & Gerke Realtors, we are here to support your real estate needs. Our team specializes in real estate services for retirement, and we invite you to contact us for a consultation: (844) 782-9674