Downsizing can make dollars and sense, but the decision to downsize can be daunting.
How do you know if it’s the right time to make a move?
Start by asking yourself these questions: Do you…
- Have substantial equity in your home that could be generating income for you? For example, if you sold your home, would the dollars it brings help you live more comfortably elsewhere?
- Have vacant or unused rooms in your home?
- Have health issues that make your present home more difficult to live in? Are the stairs just too hard to climb or is the laundry in the basement inconvenient now?
- Find your present home more than you want to manage with the lawn, the gardens, the snow shovelling, maintenance and upkeep?