Before the kids came, perhaps without even realising it, you made a twenty-year plan. Buy a house in the suburbs, close to schools and transport, with a garden to raise your young family in.
In what seems like a blink of an eye, twenty years has passed and your plan worked. Your children are on the path to adulthood, equipped with a safe and precious childhood. You did a great job. You worked hard, did the right thing by your children and you've built up a substantial asset.
It's time for a new plan.
As you sit in your large, loved family home, you may be coming to the surprising realisation that the beautiful home you built and created as a safe haven for your family in fact, takes up a lot of time to maintain. Mowing the lawns, doing the edges, cleaning the pool, vacuuming the stairs, balancing on a ladder to clean out the gutters and cobwebs – all takes precious time and youthful energy. Are these the things you want to be doing – now? Wouldn't you rather be on the golf course or playing tennis? Wouldn't you rather be doing all the things you haven't done while you were busy raising your family?
Before the grandkids come along, this is your chance to take that asset that you have worked so hard for and use it to create another chapter in the book of your life. Perhaps this is the time to think about moving into a vertical community, to move closer to the city or the beach, consolidate, get your life back and upsize the quality of your life.
Of course, moving doesn't necessarily mean downsizing either; it can mean supersizing – buying multiple apartments off the plan and customising the layout to your specification. In Melbourne recently, at the Leopold development in Glen Iris, the initial offering of 25 apartments was consolidated by buyers down to 14.
This is an opportunity to reconnect with yourself and your partner - without the kids. Take the leap, hit the reset button. That beautiful home you worked so hard for is a valuable asset that can be used to let you live another kind of lifestyle.
If you downsize or supersize to the city or beach apartment, penthouse, terrace or sky house you can:
Liquidate some of the asset and put cash into superannuation, help adult children get a foot on the property ladder, or buy a property at the beach or in the inner city.
You can travel, close the front door and enjoy your holiday rather than being weighed down by cleaning the gutters and sweeping up leaves.
Why make the change?