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‘Home' after the kids are
gone
Smart Moves
Ellen James Martin
Harvard
University Professor Daniel Gilbert has a message for
those who think parents are unhappy once their kids have
grown up and moved away from home: In most cases, it's
just not true.
“The data suggest that
empty-nesters feel pretty darn good. They still love
their kids. But they're free in a way they haven't been
since their 20s,” says Gilbert, a psychologist and
author of the new book, “Stumbling on Happiness,” which
covers the scientific research on what makes people
happy.
Finally released from the time-consuming
day-to-day activities of parenting, Gilbert says
empty-nesters “suddenly find all kinds of things they
can do with their freedom.” This opens many new options
-including the prospect of redefining the ideal housing
situation.
Mark Nash, a real estate broker and
author, says many empty-nesters are drawn to the
attractions of in-town living. An increasing number are
trading their suburban homes for condo-apartments in a
city-like place studded with amenities, such as high-end
restaurants.
“I call them the ‘new age boomers.'
They're searching for a new way of defining themselves.
And where they live is a big and personal part of this,”
Nash says.
Of course, many couples have no
interest in selling the family home after the kids
leave. They continue to enjoy the pleasures of a garden
or well-equipped home workshop.
But Nash says
many others, determined to redefine their lifestyles now
that their kids are grown, seek liberation from the
demands of a high-maintenance house.
Here are
several tips for empty-nesters contemplating a major
housing shift:
• Ponder the pros and cons of
vertical living. Some of the benefits of moving from a
traditional suburban house to a luxury condo-apartment
are obvious.
You're likely to give up many
upkeep responsibilities, including yard work. In some
buildings, you'll enjoy a well-equipped fitness center,
pool and club room. As well, you could gain the services
of a concierge - someone willing to get you theater
tickets, arrange restaurant reservations and deal with
your dry cleaning.
But as Nash notes, there are
also drawbacks to apartment-style living. “You'll have
to do a lot of schlepping. If you park in an underground
garage, for example, you'll have to haul your groceries
up in an elevator. Then maybe you'll realize you left
your reading glasses in the car and have to go back
down,” Nash says.
Also, as Nash says,
apartment-style living requires a degree of social
interaction that some who've lived in detached houses
don't appreciate. “You'll always be encountering other
people in the hallways and elevators,” he
says.
Before embarking on a dramatic housing
move, it's prudent to discuss the pros and cons with
friends who've made a similar transition, says Nash,
author of ? Tips for Buying and Selling a
Home.”
• Look into the realities of parking and
traffic in the new area. Are you accustomed to a large
garage and plentiful parking near the house where you
live? If so, Nash says you'll want to investigate the
extent of available parking near any condo-apartment
building you're considering.
Too often, people
think only of the parking that would be available to
them at the new building. They don't factor in the
parking needs of their grown children and the friends
who'll come by to see them.
Another potential
obstacle to your happiness in the new building could be
traffic jams and noise. “Before you commit to the move,
you'll want to check out parking and traffic at various
times throughout the week, including rush hour periods
and weekend evenings,” Nash says.
• Get wise to
the relative security of a new area. Perhaps you've been
lucky and have lived for years on a suburban cul-de-sac
where crime hasn't been an issue. But are you likely to
enjoy the same freedom from untoward incidents in your
new location?
Of course, there are no guarantees.
Still, Nash urges you to call or visit the local police
station to pick up statistical reports and possibly to
talk with officers on duty there. What counts, he says,
is not only the volume of incidents that occur in an
area, but the types of crimes that commonly happen
there.
• Consider a suburban “town center” over a
more urban setting. Nash, who counts many suburban
empty-nest homeowners among his real estate clients,
says most are not well-suited to a drastic change in
lifestyle, such as a move to the downtown core of a
city.
“If you're going to sell that
big-square-footage suburban house, you're often better
off moving to the second ring out from the urban center
rather than going all the way to that old downtown hub,”
Nash says.
Developers are increasingly aware of
the demand for luxury condos in suburban towns that are
attractive to people with grown children. And they're
doing their best to meet the need for such buildings, he
says.
“The great thing is that these couples
often don't have to move more than a couple of miles
from their old familiar turf to get an entirely new
lifestyle that makes them happy,” Nash says.
To
contact Ellen James Martin, e-mail her at
ellenjamesmartin(at)gmail.com. |