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April 1, 2024

Retirees: Is it time to downsize, even in this real estate market?

  • From cash flow issues to bad knees, here are some situations that might match up with a “For Sale” sign.

    Your home is your sanctuary, but it's also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in this housing market, when a smaller home with upgraded features may be about as expensive as the one you're selling, is it still smart to downsize?

    In some cases, downsizing is appropriate, but not necessarily money-saving. You may be able to sell your house and buy something cheaper, but it might also make sense to downsize to move closer to family or have less house to clean.

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