{"id":29894,"date":"2017-07-07T12:09:14","date_gmt":"2017-07-07T16:09:14","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=29894"},"modified":"2017-07-07T12:10:05","modified_gmt":"2017-07-07T16:10:05","slug":"people-getting-older-wanting-downsize-options-available-saratoga-county","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2017\/07\/people-getting-older-wanting-downsize-options-available-saratoga-county\/","title":{"rendered":"People Getting Older, Wanting To Downsize, Have Options Available In Saratoga County"},"content":{"rendered":"
\"\"
Joan Taub of Berkshire Hathaway HomeServices in Saratoga Springs says condos are a downsizing options and one of the attractions is not having to bother with maintenance.
\u00a92017 Saratoga Photographer.com<\/figcaption><\/figure>\n

By Liz Witbeck<\/p>\n

As people get older, homes they have lived in for so many years may start to seem too spacious for their need. There are maintenance issues and money issues involved with a larger place. <\/span><\/p>\n

Downsizing is an option for many people, and there are many options available in the Capital Region. <\/span><\/p>\n

\u201cA lot of people are retiring here\u201d said Joan Taub, a licensed associate real estate broker at Berkshire Hathaway HomeServices in Saratoga Springs. \u201cThis area offers so much. People aren\u2019t fleeing New York like they used to. This area offers things for you intellectually and physically. You have the ability to stay right downtown living in a condo. You can walk everywhere. You\u2019ll stay young living here.\u201d <\/span><\/p>\n

Meg Minehan, an associate broker with Roohan Realty in Saratoga Springs, said the area \u201cis much more responsive now to the 50-and-older community. We couldn\u2019t say that 10 or 15 years ago.\u201d<\/span><\/p>\n

\u201cA good portion of my clients are baby boomers,\u201d said Jane Sanzen, a licensed associate broker at Julie Co. Realty in Saratoga Springs. \u201cEmpty nesters are driving this growth. High-end, luxury living is a very attractive segment for this population.\u201d <\/span><\/p>\n

Properties available in this area range from $200,000 up to a $1 million, said Minehan, \u201cSo there is something for everybody,\u201d she said. She said there are many active 50-year-olds living in the area and for them, being in Saratoga Springs is a good way to keep up with their active lifestyle. <\/span><\/p>\n

For the person who enjoys living downtown, there are many condominium apartment buildings. People can walk to the lively downtown stores and restaurants along Broadway. <\/span><\/p>\n

Taub said one of the biggest draws to condo living is the maintenance. Monthly condo fees cover maintenance, such as snow shoveling, lawn care and repairs. Owners do not have to stress about such things. <\/span><\/p>\n

\u201cThe urban neighborhood life is an alluring lifestyle,\u201d said Sanzen. \u201cPeople are willing to exchange smaller space for a prime location and A-plus amenities. You are located in a vibrant downtown, right next to Congress Park. It has a neighborhood feel.\u201d<\/span><\/p>\n

People seeking more of a residential feel can look into townhouses. These provide more space than a condo, while still being part of a downsize. Yard space would be a possibility, if that was important. Townhomes allow a person to become a member of a homeowners association. <\/span><\/p>\n

While moving may seem stressful, there are advantages and opportunities involved in finding a new, smaller home. <\/span><\/p>\n

\u201cThere is less of a carbon footprint. There are less costs involved. There is less involved with a smaller place. The monthly maintenance is less,\u201d said Minehan. <\/span><\/p>\n

Sanzen said many people in the 50-and-older population are wanting to reduce their material possessions. \u201cThey want some more freedom. This gives you the ability to travel. You can visit children or grandchildren. All of these properties come with high-end amenities,\u201d she said. <\/span><\/p>\n

When should a person start thinking about downsizing their home?<\/span><\/p>\n

\u201cIt\u2019s an individual decision,\u201d said Minehan. \u201cWe don\u2019t have a crystal ball so we can know where we are going to be in the next 10 or 15 years.\u201d <\/span><\/p>\n

Still, it is advised that the sooner the planning is started, the better.<\/span><\/p>\n

\u201cIt\u2019s never too soon to start thinking about it. It\u2019s a good idea to start thinking about it while you are still gainfully employed,\u201d said Minehan. <\/span><\/p>\n

\u201cThe market is hot right now. If people are thinking about buying, they should. It\u2019s a great investment,\u201d said Sanzen. <\/span><\/p>\n

\u201cEvaluate what is most important to you\u201d said Taub. \u201cDo you want to be close to family? Do you need to have everything all on one floor?\u201d These are the types of questions to consider when thinking about properties.\u201d<\/span><\/p>\n

\u201cIt is never too soon to sit down with your family and talk about your plans,\u201d said Minehan. \u201cTalk about it together. Where do you see yourself? That way it won\u2019t come as a surprise to them.\u201d <\/span><\/p>\n

\u201cGet a great agent. It\u2019s a free service\u201d said Sanzen. <\/span><\/p>\n

A real estate agent can help people explore the different possibilities and offerings, and help people decide what is most important in your real estate search. <\/span><\/p>\n

Taub worked in law office management before transitioning to real estate. She has more than 12 years of experience. <\/span><\/p>\n

Minehan has 33 years of experience. She is on the board of directors with the Greater Capital Region Associations of Realtors. She has also earned Graduate Realtor Institute (GRI) designation in her field. <\/span><\/p>\n

Prior to entering real estate, Sanzen worked at Skidmore College. Saratoga County<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Liz Witbeck As people get older, homes they have lived in for so many years may start to seem too spacious for their need. There are maintenance issues and money issues involved with a larger place. Downsizing is an option for many people, and there are many options available in the Capital Region. \u201cA […]<\/p>\n","protected":false},"author":89,"featured_media":29896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-29894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-50-plus"],"yoast_head":"\r\nPeople Getting Older, Wanting To Downsize, Have Options Available In Saratoga County - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2017\/07\/people-getting-older-wanting-downsize-options-available-saratoga-county\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"People Getting Older, Wanting To Downsize, Have Options Available In Saratoga County - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Liz Witbeck As people get older, homes they have lived in for so many years may start to seem too spacious for their need. There are maintenance issues and money issues involved with a larger place. 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