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  • Writer's pictureMarni Jameson

Rightsizing: Couple Buys Two Homes for Price of One


“I never thought I would want to leave my lake house,” Katie Seymour told me when I stopped by the Lake Mary, Fla., home she and her husband, Thad, had lived in for 31 years.


Katie had asked me to come by to offer some staging tips to help the house sell. As she showed me around the lovely 3,000-square-foot lakefront pool home, where their three children had grown up, I couldn’t help but pry.


“Why?” I asked.


I’m always curious to learn what motivates those long settled in a family home to voluntarily roll up their rugs, empty their closets and drawers, unpack their attics, and move. It takes courage, vision, faith and fortitude, qualities you don’t see often enough. While more retirees — Katie’s 65 and Thad’s 67 — should move once their kids are launched, many stay tethered like rootbound oaks to homes that no longer serve them.


“We knew we would eventually sell the family house and move to something more fitting for empty nesters,” Katie told me, adding that Thad embraced the idea first.


“Though I loved the house,” he said, “I didn’t have the same emotional attachment to it as Katie. I was ready to let go and move on to the next chapter. The amount of work involved in keeping it up felt like more every year.”


I could relate. Anyone who has owned a big home knows it can turn into a microeconomy.


Katie hit her tipping point last fall when she learned their first grandbaby was on the way.

“The baby changed everything,” she said, and literally started packing with her eye on Milwaukee, where her daughter, son-in-law and soon Grandbaby live.


Their son lives just an hour and a half away in Chicago, and five of Katie’s siblings also live nearby. While a Wisconsin home made sense, they didn’t want to abandon Florida. Soon the answer was clear: They would buy two smaller, lower maintenance homes for the price of the one they were selling.


And that’s the plan.


“We’ll spend more time with family, less time taking care of our home, and still have people to Florida to have all the fun that is here,” Katie said.


They bought a smaller home in Lake Nona, a planned community about 25 miles south of their current home. The house has almost no yard. The weekly fee to maintain the small strip of grass out front is $15, which sounds great after years of paying several hundred dollars a month on pool and yard maintenance. The home still has four bedrooms, so the kids and ultimately grandkids can visit.


And they’ll want to. The property has access to three pools, a ropes course, and hiking and biking trails. It is walking distance to restaurants, just six miles from the airport and 20 minutes from Orlando’s major theme parks.


Next, the Seymours will hunt for a small, single-family home in Wisconsin “after we sell this,” Katie said, which reminds me that I am supposed to be helping her stage. I apply the advice I’ve doled out in this column and followed myself many times: deep clean, declutter, de-pet, depersonalize, de-politicize, de-religicize, and sell a lifestyle – margarita pitchers and glasses on the patio table.


As Katie and Thad explained what lay behind their life-changing move, I kept thinking, these guys are getting it right. They thought through what they want their lifestyle to be in retirement and what matters. They figured out where they want to live, how much house they need and want to maintain, and how they want to spend their time and money. They’re living with intention, and I’m impressed.


Rightsizing in your later years doesn’t always mean downsizing; it can mean resizing. As we talked, I gathered several pieces of good advice for others contemplating such a move:

· Don’t wait. Maintaining a large home doesn’t get easier as you get older. Nor does moving. Katie and Thad have seen what happens when people wait too long to move. They know a couple in their eighties, who couldn’t keep up with their home’s necessary maintenance, and now it needs so much work they will have a hard time selling it for anywhere near what they could if they had maintained it. “We didn’t want that to be us,” she said.

· Try before you buy. I’ve heard this advice from many trying to home in on where they want to retire. The Seymours spent the last two summers in Milwaukee, so they know the area and, more important, know they’d like to live there.

· Get a pre-inspection. To head off any issues that could surface during a buyer’s home inspection, Katie and Thad had their home inspected before they listed it. (Another smart move.) That’s when they learned they had to replumb their home because its waterpipes were made of polybutylene, a resin material common in homes built in the 80s and early 90s. In 1995, builders stopped installing polybutylene pipes because some failed, and insurers stopped insuring homes that had them. “If a buyer can’t get insurance, that would be a deal breaker,” Thad said. “Better we found out beforehand.”

· Focus on the upside. Clearing out a home you’ve lived in for years, let alone decades, and getting it ready to sell is overwhelming. The task is often so daunting many hit the default button and stay put. Not the Seymours: “We’re looking forward to spending less time on a home, yard and pool, and to spending carefree summers in Wisconsin and winters in Florida.”

· Don’t listen to the kids. “The kids wanted us to keep the house,” Katie said. “‘Don’t ever sell it,’” they said. ‘We want to bring the grandchildren back.’” Easy for them to say. They don’t have to maintain it. Fortunately, parents don’t always do what their kids want them to do. Sometimes they do what’s best.


CAPTION: Moving on — Empty nesters Thad and Katie Seymour are selling their Lakefront Florida home and using the proceeds to buy two smaller “lock and go” homes. They plan to summer in Wisconsin near family, and winter in Florida. Photo courtesy of Thad Seymour.



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local157
10 de mar. de 2023

My parents did something similar. They bought a double wide mobile home in Largo, Florida and sold the house up north. They moved into half of a duplex that they owned and rented the other half. There was someone next door to watch that while they wintered in Florida and the HOA maintained the Florida property year 'round.

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stevecarlon1
07 de mar. de 2023

The two house scenario has great appeal since we have loved ones and friends on both coasts and enjoy New England and the west. We could make the numbers work if we buy smartly and keep HOA and other fees from getting out of hand. However when we think about all the other logistic issues and costs the dream of a home on both coasts its starts to unravel. Issues like two sets of doctors,two sets of taxes, cars in both places or driving across country, getting mail forwarded, rules of residency, how to be sure the other home is looked after when not there for months, furnishing two homes (duplicate sets of many items), insurance and security etc. W…

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videocon
06 de mar. de 2023

Excellent and timely article. We are a child-free couple in our mid-60's early 70's and have wanted to move outside our state for some years. Then covid hit. We were unable to travel to "test" some of areas we think we might like. Currently situated in New Orleans our reasons are EXPENSE, CRIME, and lack of services the city is now facing (not to mention the cost of maintaining a 96 yr old house) and climate. We've done it all in N.O. (REFUSE to use NOLA) and did it when it at its best. Now with insurance issues, higher interest rates we are worried that we won't get the max $$ our house & location up to a few y…

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