The Secret To Retiring & Up Sizing Your Home

The Secret to retiring and up sizing your home. Have you noticed that your career no longer ties you to your location. With remote workplaces becoming more and more popular, companies seeing the benefits of remote workplaces, the time to downsize and move may be in your near future. Hi, I’m Rich Barnes, owner, broker Realty Experts in West Allis, Wisconsin, 52314. Finding that ideal downsized home that’s both affordable and accessible may seem like an impossible dream, especially if you’re attempting to buy a home in your existing neighborhood. But the beauty of retirement is that you no longer need to let your career dictate where you live. The Merrill Lynch survey found that at age 61 was a sweet spot for retirees, when they were able to take their pick of where they want to live and this freedom can be a big help financially. Without a workplace to worry about, you’re free to shop around for states, cities and neighborhoods with the lowest property taxes, utilities, sales taxes, and more. You may even find that you don’t need to sacrifice square footage at all, if you don’t want to, if you choose to move to a less expensive area. While 50% of those retired age home buyers surveyed by Merrill Lynch did downsize , 19% purchased the same size home and 30% purchase a larger home after retirement, which proves that it’s possible to end up retiring and up size your home while still downsizing your actual monthly housing expenses. Choosing to downsize is a difficult decision to make, choosing the best time to downsize is even trickier. But if you play your cards right, you move into a less expensive home with the potential to save you money and make you money too. If you have any questions on downsizing, or the secret to retiring and up sizing your home, feel free to reach out, I’m here to help. Thanks and have a great day.

What's The Secret To Up Sizing In Retirement?
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