Things To Think About Before Downsizing Your Home

Things to think about when trying to downsize your home
So, thinking it's time to downsize? Here are two categories to take into consideration when looking for a home that accommodates your current needs:

1. Home Factors

- Can you keep up with your current home maintenance?
- Can you repurpose a space in your current home?
- Is it a good time to sell in your area?
- How much are taxes and property insurance payments?

2. Life Factors

- Where do you want to be as you age?
- Can moving help with a change in your lifestyle preferences?
- Can downsizing help with your "nest egg"?
- Would your expenses be lower if you downsized?