Search

Home > HerMoney with Jean Chatzky > Ep 195: Selling A Home, Moving, Renovations, Downsizing And More
Podcast: HerMoney with Jean Chatzky
Episode:

Ep 195: Selling A Home, Moving, Renovations, Downsizing And More

Category: Business
Duration: 00:36:32
Publish Date: 2020-01-08 00:44:51
Description:

If you're looking to move, sell a home, buy a home, renovate, downsize or even rent, then this episode is for you. We're tackling all of the above, and diving into the emotional ties we all have to the four walls that surround us, and to the possessions we have inside them. Why do we make decisions with our hearts that should be made by the financial part of our brains?

To answer that question, Jean is joined by Caroline Carter, founder and CEO of Done in a Day, a Washington, D.C. based home transition and move management company. Caroline is also the author of the book "Smart Moves: How To Save Time And Money While Transitioning Your Home And Life."

Caroline was inspired to start her career when she recognized her own passion for "creating organization out of chaos." Moving is one of the most stressful life events we go through, and every year approximately 40 million Americans move. Caroline dives into how we can all bring the stress levels down when embarking on a move, and dishes on some of her favorite tips she’s learned from helping more than 2,000 families over the last 14 years.

Caroline talks about how sellers should package their homes to sell so that the buyer sees the value, and offers a checklist of things for people to do before they put their homes on the market. One trick: You can never go wrong by going to your local home depot and snagging a gallon of paint. (Neutralizing your personal space is always a good move, because you have to turn your home back into a house in order to sell it, she says.)

Caroline also dives into ways we can de-clutter our space, and how best to ignore the temptation to put everything into storage when what we really need is a trip to the dump... Oftentimes it's not worth the cost of moving and storing things just because of the emotional implications they may have.

She also offers a step-by-step guide for how to tackle the moving process in the most efficient way possible. Hint: Start with the things that only you can do, and then plan to hire help for the things that you can't do yourself. Also, Caroline shares her thoughts on what people regret most after a move, and how to decide how much space you'll really need if you're downsizing.

Then, in Mailbag, Jean advises a mom who is concerned about saving for her son's college education, and guides a woman who's considering putting all her investments into a target date fund. She also counsels a listener who's worried about timing the markets while recession fears are looming. Lastly, in Thrive, we dish on allowances for kids, and how much they should really be getting.

Total Play: 0