Looking to downsize but not sure which amenities to keep and which ones to let go? We asked our 19,000 real estate professional which luxury features those looking to downsize were most likely to hang on to. While gourmet kitchens seemed to win out, several other features made it high on the list as well. Here are some of the amenities and home features that Colorado home buyers want to keep when they downsize:
For luxury buyers downsizing ease of living and maintenance are paramount along with good layout and storage solutions. Location, walkability, and views are paramount over large yards and garage space.
Christina Freyer Walker
Space to Entertain
Gourmet kitchens and outdoor entertaining/cooking space are consistent must-haves along with luxurious master suites. Favorite living/family room furniture must fit regardless of the space.
My downsizers still want luxe kitchens but are willing to forego the 3 car garage. They love extra space that will work to house visiting adult children.
Focus on Needs
Sort and gather only what you use and need. Buyers who are downsizing are looking for main floor master suites with tub and walk in showers. Larger closets and open floor plans. Smaller yard and low maintenance.
Open Floor Plans
They want to keep a large gourmet kitchen – at least in part. They also like an open floor plan from the kitchen to the family room. Most are willing to heavily downsize on the yard, the home’s overall square footage, garage size and home density in the neighborhood or condo community.
Colorado real estate agents can help downsizing home buyers prioritize their needs and wants to find the home that fits their lifestyle. As you prepare to downsize, consider what aspects of your home matter most to you – space for visitors and entertaining, cooking in a state-of-the-art kitchen, enjoying outdoor space – and share those preferences with your realtor. You can also set up custom searches with your My REcolorado account. Don’t forget about the search tools available on REcolorado.com:
- Walk score evaluates a potential home based on how walk-friendly it is, then provides a score. It also rates bike and transit. This can be a big factor if you’re searching for a pet-friendly home.
- Information about Colorado cities and popular places to live can help you determine which neighborhoods to search for your family. We even polled local real estate agents to provide market insight, like the most livable denver metro neighborhoods.
- Utility score helps you understand the true cost of homeownership. Estimate the cost of utilities for a home based on past records and estimated use.
Whether you are downsizing, upgrading, or simply moving to a new neighborhood, we encourage you to contact an experienced Colorado real estate agent and use the tools provided by REcolorado to find the home that fits your needs.
Originally published July 26, 2016 — Updated September 20, 2017