Letting go of the house you grew up in
My parents generation may have coined the phrase “you’ll have to carry me out of this house in a box”. This was a generation that was proud to be home owners. They didn’t move around like we do today. The general sentiment in the 50’s was to buy a house and live there until you die. Not a bad plan if you ask me.
Today home ownership is viewed as much as an investment as it is a privilege. The cost of housing is at an all time high. Modern buyers tend to buy the minimum amount of space they need, expecting to move with each major life event: getting married, having a baby ect…
For my generation (born in the 70’s) saying goodbye to the house we grew up in is coming up more and more as our parents age. Some of our parents are looking forward to this time of anticipated freedom. To finally give up the big family home, to spend more time traveling or just less time doing yard work. Some have every intention of “being carried out in a box”. There is no right or wrong answer – this is a highly personal decision.
Many children of aging parents feel they should be included in the decision to sell the family home. You are probably just as connected to the house that you grew up in as the actual legal owners (your parents). But you have to come to terms with the fact letting it go might not be a decision you have any control over.
We are also starting to see an emerging trend of children who choose to keep the family home in the family, especially in single child families. The cost of housing has spurred an economic need similar to what we have seen in other countries for centuries. Land owners pass down the family estate generation to generation.
Give us a call if it’s time to talk about downsizing. We have the experience you can trust when it comes to such a big decision.