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I Am Thinking About Moving with Family

Planning a Move With Your Family

Moving to a new home, community, or state can be an exciting opportunity, but it can also create important financial, legal, and family considerations. Whether you are moving closer to family, downsizing, or looking for a home that better fits your current needs, planning ahead can make the transition easier.

We can help you consider the financial and planning issues that may come with a major move.

Understanding the Financial Impact

A move can affect more than your monthly housing costs. Selling a home, purchasing another property, moving expenses, taxes, and changes in property-related costs can all impact your financial picture.

Taking time to understand these expenses before making a move can help you avoid unexpected financial challenges.

Why Are You Considering a Move?

Every family has different reasons for moving. You may be looking for a home that is easier to maintain, want to be closer to children or grandchildren, or simply want a change in lifestyle. Before making a decision, it can be helpful to consider:

Your current and future housing needs

The cost of purchasing or selling a home

Your proximity to family and support

Access to healthcare and other services

Your overall financial goals

Planning for Your Family's Future

A family move can also be an opportunity to review your overall estate and financial plan.

Consider reviewing:

Your Estate Plan

Make sure your will, trust, powers of attorney, and other important documents still reflect your wishes.

Your Home & Assets

Consider how selling, purchasing, or transferring property may affect your overall assets.

Your Financial Goals

Review how the move may affect your income, savings, investments, and future plans.

Your Family's Needs

Discuss your family’s priorities and how your new location may support your long-term needs.

How We Can Help

Moving with family involves more than choosing a new place to live. It can affect your property, finances, estate plan, and long-term goals.
We can help you identify the important questions to consider before making a move and help you prepare for the financial and legal aspects of this transition.
Plan Your Move With Confidence.

If you are considering skilled nursing for yourself or a loved one, now may be the right time to review your options.

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DFW55Plus.com, Larry Powell, and Century 21 Mike Bowman, Inc. provide real estate information and housing-transition coordination. This assessment is an educational planning tool that identifies living arrangements and resources that may be worth exploring based solely on the answers provided. Results are generated through predefined matching rules and may be summarized with artificial intelligence. They are not a diagnosis, care assessment, capacity determination, appraisal, financial qualification, facility-admission decision, or recommendation to buy, sell, lease, move, or select a particular provider.

 We are real estate professionals, not your attorneys, physicians, nurses, care managers, financial advisers, tax professionals, or facility-licensing authorities. This tool is not a substitute for advice from qualified legal, medical, healthcare, caregiving, financial, tax, insurance, accessibility, or other professionals who understand the principal’s circumstances. Services, costs, licensing, admission requirements, availability, and suitability vary and must be independently verified.

 Housing and services are offered without discrimination. You remain free to explore any lawful housing option. Completing this assessment does not create a client or brokerage relationship, and submitting information does not guarantee a response or create emergency monitoring. Call 911 for immediate danger or urgent medical help. For suspected abuse, neglect, or exploitation of an older adult or adult with a disability in Texas, contact the Texas Abuse Hotline at 1-800-252-5400 or txabusehotline.org.

 If you are completing this assessment for another person, involve the principal whenever possible and provide personal information only with permission or appropriate legal authority. Review the Privacy Notice before saving or submitting identifiable information. Consult your own advisers before acting on any result.

Shared Living Options

Living well doesn't always mean living alone.

Many older adults are discovering that sharing a home with another compatible adult can be one of retirement's smartest housing choices. Whether you're widowed, divorced, retired, or simply looking to simplify life, shared living may help reduce monthly expenses, provide companionship, increase safety, and make it possible to remain independent longer.

It's not the right solution for everyone, but for many retirees, it's an option worth exploring.

Topics I'll Help You Explore

  • Finding a compatible roommate
  • Financial expectations
  • Household expense sharing
  • Privacy and personal space
  • Guest policies
  • Pets
  • Background checks
  • Written agreements
  • Safety considerations
  • Exit strategies
  • When shared living isn't the right fit

Why More North Texas Seniors Are Considering Shared Living

Reduce Monthly Housing Costs

North Texas continues to experience rising property taxes, insurance premiums, utilities, and home maintenance costs. Sharing those expenses can make retirement income stretch further without sacrificing comfort. Fixed-income households often feel these increases most acutely. linger+1

Make Retirement Savings Last Longer

Every dollar saved on housing is a dollar that can be used for travel, hobbies, grandchildren, healthcare, or simply enjoying retirement with greater confidence.

Combat Loneliness

Living alone can become increasingly isolating after retirement, the loss of a spouse, or when children move away. Recent AARP research found that 40% of adults age 45 and older report feeling lonely, underscoring the importance of meaningful daily social connection. RP+1

Stay Independent Longer

Many people don't need assisted living.

They simply benefit from another trusted adult nearby.

Shared living can provide companionship, another set of eyes in an emergency, and peace of mind while preserving independence.

Extra Peace of Mind for Families

Adult children often worry when Mom or Dad lives alone.

Knowing someone is sharing the home can reduce anxiety for everyone while allowing parents to maintain their lifestyle.

Share Everyday Responsibilities

Two people can often manage everyday life more easily than one.

Examples include:

  • Grocery shopping
  • Meal preparation
  • Household chores
  • Yard maintenance
  • Pet care
  • Transportation
  • Checking in on one another

Age in Place Longer

For some homeowners, bringing in a compatible roommate may allow them to remain in the home they love for years longer than they otherwise could. Housing experts increasingly recognize shared living as one strategy that supports aging in place by reducing isolation and financial strain.  Choices+1

Is Shared Living Right for You?

It may be worth considering if you:

  • Live alone
  • Have extra bedrooms
  • Would like to reduce monthly expenses
  • Miss having regular conversation
  • Want additional peace of mind
  • Would like to stay in your current home longer
  • Are widowed or divorced
  • Have adult children who worry about you
  • Enjoy companionship but value your independence
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YOUR RESULTS

Future Downsizer™

Your responses suggest that downsizing to a smaller, lower-maintenance home could increase your freedom, flexibility, and peace of mind.
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