Retirement Tips, Downsizing
To rent or to buy, that is the question many retirees face when it comes to downsizing. That said, even if you do not owe money on your home, there are still significant costs in owning more space than you need. From taxes and utilities to insurance, repairs, and maintenance reducing these ongoing costs could go a long way towards improving your retirement. In fact, when you consider that these costs actually scale with the price of a home by as much as 4% per year, downsizing may be an option you might want to consider. While some retirees buy bigger, larger, more expensive retirement homes, downsizing for retirement is the savvy strategy. Especially for those who want to relocate for a profitable, comfortable, happily ever after! With this in mind, we offer some retirement tips on downsizing.