0 comments on “What’s Your Plan?”

What’s Your Plan?

The AARP membership letter arrived in the mail, you receive numerous invitations to “Plan Your Retirement Seminars”, and Medicare Supplemental Insurance plans haunt you. But you don’t feel that old until you look in the mirror or try to run up the stairs multiple times to retrieve forgotten items. Now is the time to plan for your future living options before it is too late.

You might physically be able to take care of the yard today but what is going to happen in the future? Several concerns need to be addressed when deciding on living options as you age. Physical safety and financial security top the list. Also take into consideration the proximity of family, doctors, and friends.  We all want to stay as independent as possible so we need to consider the following:

  1. Is it feasible to remain in your current home? Is your home all on one level with easy access? Or are extensive renovations such as front entry ramps, bath bars, wider halls and doorways, zero entry showers or sit- in tubs required? Renovations can be quite expensive as well as messy and frustrating to live through. Making renovations still doesn’t answer the question of who continues to maintain the house and yard. You must also consider whether asking family or hiring help will become both financially and emotionally overwhelming for all involved.

2. Consider purchasing or renting a barrier- free home. If your home requires extensive costly renovations maybe it is time to make a move. Purchasing or renting a barrier-free home or apartment may allow for aging in place more independently.  Choosing a location near family and friends or in a senior living community can help to alleviate loneliness, isolation, and depression.

3. Buy or build a granny pod or a multi generational home with family. Home plans are available with separate wings for privacy. Another option if there is enough space is to build a granny pod in the backyard that allows for easy access.  Some families buy duplexes/ side by side homes so they can continue to care for each other. These types of living situations can benefit both the older generation and the younger ones; especially those with younger grandchildren.

The decision to age independently in place requires planning. Be sure to involve a trusted financial adviser as well as your family when planning for your future.

If you are interested in learning about your home’s value, the selling process, and/or finding a new property, please reach out to me.

 

0 comments on “Your Kids Don’t Want It All- Really!”

Your Kids Don’t Want It All- Really!

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The garages and basements of the sandwich generation overflow with both their parents’ belongings and their children’s’ leftovers. It is an overwhelming task to sort through when deciding what to sell, keep, pass on, donate, and throw away. Especially if you, the generation who inherited it all, are also thinking about resizing your home and making a move.

Planning ahead before parents move into senior living or pass on gives everyone a little more peace of mind. It not only makes dealing with the estate and selling the house easier, it can also help reduce family tensions. As a Realtor helping seniors move, and as one who just lost a parent, I feel qualified to speak about planning ahead. I’ve had clients who want to move but lament that it might take them years to clear out the garage and basement of the belongings of their family’s’ past generations. Don’t put that burden on your children.

Go through your home with your children and grandchildren. Make a list of who wants or gets each piece of jewelry, art, and furniture. If there are collections that might be valuable, get them appraised and decide what to keep or sell. Also any valuable property might need to be factored into an estate plan. Likewise, if items are of sentimental value, they should also be listed. All items listed should be kept with a will so there is no question of what has been decided.

Don’t guilt your children into holding onto items that have little or no economic or sentimental value to them. Also, work together to get rid of the many items that haven’t been used for several years or are simply worn out. Long before moving into senior living start decluttering and simplifying your life. Planning ahead and preparing your home for moving or your death, reduces the stress for all; especially if the home needs to be sold to pay for the next step.

Some resources that might be useful include; senior move specialists, churches, A Place for Mom, and estate sales professionals. Dealing with the loss of a parent is hard enough but to be burdened with all of their belongings often completely overwhelms the family. As a Realtor, I help my clients to strategically simplify the process and recommend resources. If you are looking to move your parents or yourself, please contact me and I will help make it as smooth as possible.

 

1 comment on “Help is Here- You Only Need To Ask”

Help is Here- You Only Need To Ask

stressed mom

Full disclosure- Welcome Home to the Fox Valley is mostly a Real Estate blog but it is also about all things Fox Valley. I not only sell real estate, but I sell our community and neighborhoods. Welcome Home to the Fox Valley focuses on why we should chose to live in an area that features frigid winters and beautiful, short summers.

Raising children is the most important and hardest job  you will ever have in your life. I often see posts on Facebook from Mom’s experiencing difficult times. Their little ones are driving them crazy, they need a break, and they are either single or their significant other is out of town or working several jobs. While commiserating on Facebook with other Mom’s allows venting, there is free help right in our community.  B.A.B.E.S, Inc. offers free respite care and counseling for young parents up to the age of 27 in order to help prevent child abuse before it happens.

The mission of  B.A.B.E.S., Inc. is committed to the prevention of child abuse and neglect by providing safe no-cost respite care, educational support and services, and counseling to young families. Many young parents lack support from family because of our mobile society, or their families’ are just too busy to help. Asking for help doesn’t make you a lesser parent. B.A.B.E.S, Inc doesn’t judge who you are or your economic status, they just want to help. For instance, B.AB.E.S., Inc. recently honored a beautiful young military family. Dad was deployed and not only did Mom worry about him, she had the responsibility of single parenting. She knew that she needed help and reached out to B.A.B.E.S, Inc. The family spoke highly of the help and respite care they received. It really made a difference in their lives.

Over the last year, I helped plan and execute B.A.E.B.E.S, Inc, biggest fundraiser of the year, HAT’S OFF to BABES 2018, Lip Sync Challenge 3.0 which took place last week. We had a great turnout and 5 fabulous teams helping to raise money through their Lip Sync teams. I encourage you to get involved, either with a team for next year, volunteering, or as a parent who needs some time away from their little ones.

Often times, parents don’t know where to go or how to ask for help. We are so blessed to have a non profit free organization such as B.A.B.E.S, Inc. in our community. Please don’t be afraid to ask for help.