
by Lauren Rosales-Shepard, Content Writer
August is unofficially “Back-to-School” Month here in the U.S., and parents with children of all ages are sending them off to pursue their education. If your own child is making the transition to college this year, you yourself may be anticipating a transition of your own: the “empty nest.”
It’s a pretty obvious metaphor–like birds leaving the roost to hold their own out in the wild, your child is (or children are) striking out solo into the world. Though they may return home for winter and summer holidays, the structure of your days, and your domestic environment, are about to experience enormous changes.
Let’s face it: change is not easy. But this particular change is beset by layers of potential difficulty.
It is 100% normal to experience anxiety preceding, and grief following, the departure of the last (or only) child from home. Read that again. Normal. It doesn’t make you a dreaded helicopter parent; it doesn’t mean you are “too attached” to your children; it doesn’t mean you’re overly sensitive.
Being a parent is inevitably a considerable part of one’s identity. After all, it’s a role you’ve actively occupied for 18 years! And while a parent whose children have left for college or otherwise ‘flown the coop,’ so to speak, is still a parent, their day-to-day life is not going to reflect that in the same way. With the extra time on one’s hands, too, it can be easy to slip into an existential crisis. If you find yourself struggling to adjust to your new normal, the following tips might be helpful.
Once you’ve given yourself and your spouse the time and space to grieve, and you’ve begun to plan this phase of your life, you may find that your house has grown too large. Many empty-nesters do choose to downsize, swapping their large house out for something smaller. As you approach retirement, you will need to think about your long-term housing options. Do you want to search for a smaller house, a townhome, or a condo? Do you want to age-in-place in your current abode? Are you saving up to move to a retirement community? There is no one-size-fits all option for housing as one approaches their senior years; different choices suit different people. It’s important to do your research and have an honest conversation with yourself and your spouse about your future–however distant from this moment–plans.
However you wish to proceed, your first choice may become more financially feasible if you tap into your home equity. A Unison equity sharing agreement is an innovative option that empowers you to access your equity and turn it into cash you can use; it’s different from the traditional home equity loan or line of credit (HELOC) because there is no added debt. Unison doesn’t require monthly payments, and doesn’t charge interest, instead opting for a percentage of your home’s change in value either in 30 years or at the time of sale. They’ve helped over 10,000 homeowners access their equity, many of whom have used the funds to renovate their homes to better age-in-place, save for retirement, or invest in the downpayment on a second property. Learn more about Unison’s equity sharing agreements and whether they might be a good fit for you, your family, and your future plans, on their website.
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About the Author

Dr. Lauren Rosales-Shepard
Dr. Lauren Rosales-Shepard is Unison’s content writer. She has a PhD in English from the University of Iowa, and after several years of teaching rhetoric and composition as a college professor, she joined Unison in 2022 to bring her writing and research skills to the realm of fintech in real estate.