As you approach retirement, you may be thinking about changing your living situation as you enter this new chapter in your life. There are many great reasons to buy a different home when you retire. It could be to downsize, a wish to live in a more temperate climate or simply a desire to start a new phase in a new place.
If this describes you, it’s a good idea to spend a little time now planning your purchase and move before you take action. Here are five steps to take for success.
Whether you plan to embrace the minimalist lifestyle by looking for a smaller home or will move because the kids have all grown up and moved out, downsizing can be a challenge for many families, especially those used to a certain amount of space. You might have a hard time knowing what to look for when you need to find a home.
Less square footage should not be your only goal. If you’re looking for the smaller home that will still meet your needs, here are some things to consider.