Sometimes the home you thought you would live in for the rest of your life isn’t going to be the one. There are some tall telling sign you should take into consideration if you are looking to downsize your home. Monthly expenses will rise no matter what and if you are unable to keep up with that you may need to rethink your living situation. As you get older, you may not be able to do the required maintenance you were once able to do.
- If your expenses have risen to over 30 percent, it’s a sure fine sign to downsize.
- If you are unable to keep up with your rising expenses and other bills, it’s time to downsize.
- If the style is too out of place and no longer fitting to your style.
“According to a recent Merrill Lynch survey of age 50+ retirees, 51% of those who have moved since retiring opted for a smaller home. Nevertheless, many retirees find it difficult to pull the trigger on downsizing. In fact, 64% of retirees plan to remain in their current home throughout retirement.”