Downsizing for retirement: 5 common questions answered

Downsizing is a significant transition for seniors and their families. For older adults, it’s about simplifying life and finding a home that better suits their needs. For adult children, it’s often about helping a parent navigate this process while balancing emotions, logistics, and decision-making.

No matter where you are in the journey, having a plan makes all the difference.

We’ve created a free, in-depth resource, A Guide to Downsizing, to help you through this transition. Below, we’ve highlighted five of the most frequently asked questions about downsizing to help you get started with confidence.

1. Where do I start?

Begin with a downsizing checklist. First, obtain a floor plan of your new home so you know what will fit. Then, set a timeline, sort room by room of your existing home or apartment, and create a moving plan. Having a clear strategy can make the process feel more manageable.

2. How do I decide what to keep, donate, or sell?

A good rule of thumb is to keep what you use and love and donate or sell what you don’t. This may be easier said than done, so give yourself some time to organize. Sort belongings into categories — “Take,” “Donate,” “Sell,” and “Trash” — helps make decisions easier. Downsizing specialists can also provide guidance on valuing and distributing items.

3. Can I do this work alone or with the help of my family?

Absolutely! Many families take a team approach, tackling one space at a time. Others hire professional downsizing specialists who tailor the process to a senior’s comfort level. Whether you do it yourself or seek expert assistance, the key is to pace yourself.

4. Can I afford this?

Downsizing often reduces costs in the long run. Moving to a retirement living community eliminates home maintenance expenses, and financial advisors can help explore budgeting options. Our Guide to Downsizing includes tips on budgeting and financial planning to ensure a smooth transition.

5. How do I prepare emotionally for downsizing?

Letting go of a longtime home is emotional. Take time to reminisce, share memories, and focus on what’s next. Many seniors find that after settling into a new space, they feel relieved and even wish they had moved sooner.

Downsizing is a journey, but you don’t have to do it alone. Download our free Guide to Downsizing for professional tips, a downsizing home checklist, and localized support to make the process easier.