Feldman says downsizers should think about whether it's necessary to have a dining room when there is a large eat-in kitchen. Would the dining room, which is often in a prime location in the home, be better converted to a room that will see more day-to-day use? Is the configuration of the home suitable for now and the future? Will long flights of stairs cause problems in the future? Is there a main-floor bathroom? Is there an elevator? Is there security if you plan to travel? Will that big lot be too much to maintain? How much will it cost to hire someone to do it for you?
The biggest mistake people make when they decide to downsize their home is moving to too small a space, says Ira Jelinek, a sales representative with Harvey Kalles Real Estate in Toronto. Many times, "I have heard about people buying then realizing it's not going to work. Then they have to rent or sell it."
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