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Should you Downsize after Retirement?

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years.

There are many reasons that downsizing may make sense for you. The financial savings, such as lower monthly payments and utility bills, are budget-friendly. There is less maintenance, which further lessens the expenses and the amount of time it takes to care for the home (who wouldn’t like to have less housework to do?). Many people downsize to reduce or eliminate the number of stairs in their home or to move closer to their medical providers or hospital of choice. There are so many benefits to moving to a more manageable home.

If you have owned your current home for a while, chances are that you have built up a notable amount of equity, which you can use to help purchase a home that better fits your needs today. I can help you determine what your home would sell for in today’s market (and therefore what your equity position is), help you understand what you can afford at today’s mortgage rates, and help you find a home that best fits your changing needs. Whether you are just starting your retirement journey, or have been retired for a while, I can help. When you are ready, give me a call and I will assist you in making a plan to achieve your housing goals.

Laura Harbison, ABR, AHWD, BPOR, BS, CDPE, CRS, DRB, GRI, PSA, RSPS, SRES
Broker/Owner REALTY EXECUTIVES SOUTHERN NEVADA PROPERTIES
License NumbersB.0026537LLCPM.0164922.BKR