Source: Vanessa Milne, Readers Digest Canada
When the kids have moved on, and you’re left with a big house it’s easy to see the appeal of moving from a big space to something more compact that requires less maintenance. But the whole process requires a lot of careful planning to not overwhelm yourself when it’s time to actually make the move. Here are seven tips to make sure you find the right fit.
Be realistic about your budget.
Many people associate downsizing with being less expensive. But that’s often not the case. Many bungalows and condominiums are becoming quite pricy. If you’re relying on the sale of your existing home to be your nest egg, perhaps consider a less expensive location.
Don’t get caught by unexpected costs.