Real Estate Insider Blog

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10
Nov
2016

Is Downsizing in Your Future?

As life goes on you may find yourself struggle with your home. Your kids have moved out and they are now raising families of their own. Your home may be too big or too much to manage right now. It is quite common for individuals to experience this especially as they begin to have more time on their hands. Yet, when it comes to downsizing and the need to do something new, it may present an opportunity to start a new chapter in your life.

Are you an empty nester or a retiree looking to make changes? Here are a few things to keep in mind:

  • Consider what types of activities you would like to do. Now that you have an opportunity to move into a new home, it's time to choose a location that gives you what you need and want, including parks, shopping, and dining.
     
  • Consider how much space you need. If you are moving a good distance from family, will they visit? If so, you may want to have that second bedroom. On the other hand, you may want a smaller location with a better view or local amenities.
     
  • Consider your budget. How much do you want to spend a month on a mortgage? And, how long do you plan to continue working or pay on that mortgage?


Perhaps one of the best steps to take when you are thinking about downsizing is to consider the lifestyle and goals you have for the next chapter of your life. Work closely with a real estate agent that understands not just what you want to buy a home, but also wants to help you to find the ideal place for...

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