Retirement Tips Downsizing
Benefits of Downsizing in Retirement
There are many benefits to downsizing in retirement, but they all boil down to one thing, freedom. Top reasons for downsizing include, to lower monthly housing costs, maintaining a big house is too much work, and to free up cash. It’s all about freedom. Whether you want to free yourself from the costs of being a homeowner, or simply want a life that does not include mowing the lawn every Sunday, downsizing may be the answer. Because housing is such a large part of your expenses and such a large source of wealth for so many retirees, it can be a powerful lever when it comes to the financial side of retirement. And, given that housing can be your single greatest monthly expense at any age, it pays to put some thought into renting versus owning.
Where to live is more than a financial decision. And, leaving your memories may be difficult. However, by choosing to rent and relocate you are also opting for a new adventure. In fact, for anyone who has ever dreamed of living on the coast, choosing the right retirement community can make that dream come true. An affordable community like La Jolla retirement community, Chateau La Jolla, gives you the chance to live by the ocean at a price that is affordable. In fact, they are only half a block from the beach, in La Jolla Village. So, whether you are looking to run on the beach at sunset, or want to feel the wind in your face as you sail along the shores of La Jolla California, renting in a new city could be a ticket to your dream life!