How Do You Know If It’s Time To Downsize?

Senior Couple with House for Sale sign

Whether or not it’s time to downsize is a personal decision that depends on a number of factors, including your financial situation, your lifestyle and your emotional attachment to your current home.

There is no right or wrong answer, and what’s right for one person may not be right for another.

If you’re thinking about downsizing, it’s important to weigh all of the factors involved and make the decision that’s best for you.  There are a few things you can do to get more information.

  • You can talk to a financial advisor to get an assessment of your financial situation.
  • You can also talk to a real estate agent to get an idea of the value of your current home and the cost of homes in smaller sizes.
  • You can talk to friends or family members who have downsized to get their insights and advice.

You may want to take this survey to assess your thoughts about downsizing, what you’d like in the future, what activities, travel and services you might be thinking about and what the next steps might be.  Take Survey

Categories: General