During a Home Transition, there are many costs to consider. For most Americans, their home is their largest asset, and also their largest expense. There are many nuances that factor into a late-life move, and many times families find themselves overwhelmed and short on time and resources. Hiring a professional to guide and plan the process not only eliminates stress but extra expenses as well, allowing the family to take advantage of their largest asset - the home.
Costs to Maintain Average American Home
According to financial experts for GoBankingRate, "owning a home doesn’t end with your mortgage loan... you must add maintenance into your budget, which might cost you an additional $1,204 a month, or $14,448 annually" as a result of seven recurring monthly costs.
According to A Place for Mom, it takes the average family 4-12 months to prepare for a move to senior living. In addition, 50% of families live in other states causing additional time and expense to be able to get in town to take care of the project.
The cost to maintain a home during that time is $4,816 to $14,448Caring Transitions can take care of the downsizing, floor-planning, packing and unpacking in 1-2 weeks
It can take the average family 9-18 months to take care of the possessions left in the home and get the home cleaned out.
Cost to maintain the home during that time can be $10,836 to $21,672. Caring Transitions can liquidate the home via an estate sale or online estate auction and have the house cleaned out in 2-3 weeks.
Is it time to move?
Hiring a professional to guide and plan the process can eliminate stress and expenses. Let us handle your move and the sale of your home from start to finish. Save time, money, and stress.
If you are considering Assisted Living in San Diego or a retirement home for yourself or your loved one, don't hesitate to ask a compassionate and experienced Real Estate Agent and Senior Move Expert for help. As Real Estate Experts in San Diego with over 10 years of experience in Senior Move Management, we will be there to manage your transition into a new living situation whether it be a downsize, independent living, assisted living, retirement home or memory care.
For more information on our Senior Move Management Program CONTACT US today!!