Many Minnesota homeowners dream of aging in place, but is it the best choice for long-term comfort and finances?
While nearly 90% of people prefer to stay in their homes, most properties aren’t designed for mobility challenges even after costly renovations. Renovations can be costly, with stairlifts exceeding $20,000, bathroom remodels ranging from $18,000 to $40,000 (and occasionally costing up to $80,000), widening doorways at $2,500, and hallways costing up to $40,000. Even after these upgrades, unexpected health and mobility issues may still require a move.
Why Downsizing to Hudson, WI, is a Smart Alternative
For many Minnesotans, downsizing to Hudson and Western Wisconsin is a practical, cost-effective solution. Moving to a smaller, low-maintenance home can significantly reduce property taxes, insurance, utilities, and upkeep costs—saving thousands annually.
For example, selling a $750,000 home and purchasing a $450,000 home could leave you with $250,000 in equity. If invested wisely, that amount could grow to $600,000 over 15 years (first be sure to talk to your financial advisor and accountant). Additionally, lowering your housing expenses by $5,000 to $12,000 per year can provide greater financial flexibility for travel, hobbies, and healthcare.
See the detailed video below about key factors to consider when contemplating downsizing and moving to the Hudson WI, or Western WI for retirement:
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Part 1: The Reality of Aging in Place Did you know that nearly 90% of people want to Age in Place? But here’s the catch-most homes aren’t designed for aging or mobility challenges. While 88% of homeowners plan costly renovations, studies show only 10% of those homes are truly mobility-friendly.
Why Now is the Right Time to Downsize
With home values still high, downsizing now allows you to take advantage of strong market conditions before larger, high-maintenance homes become harder to sell. Plus, relocating to a single-level, low-maintenance home means more freedom to enjoy your retirement with less stress.
Considering a Move to Hudson, WI? Let’s Talk!
Hudson and Western Wisconsin offer affordable living, scenic beauty, and vibrant communities, making them ideal for downsizing Minnesotans. We are a husband-and-wife real estate team with over 40 years of combined real estate experience in both WI & MN. If you’re thinking about making a move, let’s discuss the best options for your future. Reach out today at 651-231-2191, and let’s start planning your next chapter!
