People downsizing are often left with the choice of what to keep and what get rid of before moving. Before throwing anything away, Donnelly writes, people should have someone look through what they plan to get rid of to determine its value. Old furniture and collectibles could be worth significant amounts of money.
In addition, she says that people should also give their loved ones the opportunity to hold onto anything they want. Giving those possessions away will not only ensure that they end up in a good place, it will also reduce the things that need to be thrown away.
While downsizing may not be an easy choice to make, business professor Philip Umansky told the Richmond Times-Dispatch that homeowners would be better served moving sooner. He says that sometimes people realize too late that they need to downsize, and aren't able to handle the stress of the move effectively.
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