_Check-list: the rightsizing process

1. Preparation 

Have you recently assessed your wealth portfolio given recent movements in the property market and stock market? Do you require extra time for valuations to be completed? Do you require a private office trusted advisor to advise on your current property portfolio?

2. Location

New to the city or desired suburb? Have you planned to stay in a local hotel to research and experience the surrounding amenities? Or is the plan to buy in a familiar location and/or stay close to family and friends? Do you need to be close to essential services now, or in the future? In particular, do you need to be close to the CBD, airport and/or schools? 

3. Space

Assess the amount of space in your current main residence, do you plan to  declutter any of your current items or will you restyle with new purchases? How much space will you ultimately need now, and in the future?

4. Downsizing options

What type of property do you want to suit your lifestyle? Do you prefer the community and intimacy of a boutique medium-density development or prefer the privacy of global citizen in a highrise? 

Image: Crown Residences at One Barangaroo 

5. The project

How established is the developer? Can you see examples of recent work completed by the builder? What amenities are provided with the purchase of the apartment?

6. The apartment 

Are the number of bedrooms being considered suitable for now, and in the future? If required, do you have the option for single-level living? Will you keep current furniture and homewares, or replace with new? Are suitable storage options available? Does the apartment floor plan layout provide suitable mobility options in later years?