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When Is the Right Time to Downsize?

Did you know that the average American retires at age 65? I’ll bet you are also wondering if that is the best time to downsize in Atlanta. Let’s talk about some important factors for you to consider when you’re thinking about downsizing.

  1. Has the maintenance on your home become overwhelming? Lawn care, cleaning, vacuuming … even minor repair work can take their toll on your time, money, and your health.
  2. Have you thought about aging in place in your home? Will your home allow for this? How accessible are your kitchen, bathroom, and bedroom? Do you have stairs or a bathroom that may be a problem as you get older? All of these are important factors to consider when you are thinking about aging in place in your home.
  3. How much does it cost for you to live in your home? Taxes, water bill, special assessments, mortgage payments, HOA fees, maintenance costs and utilities payments may be a stretch when you are on retirement budget.
  4. Are you house rich and cash poor? Atlanta home values have increased in the past few years and we are in a seller’s market! Downsizing to a smaller house or condo may add some much-needed cash to your savings when you sell with equity in your home.
  5. And did you know you can purchase your next home with a reverse mortgage and never pay another home payment! You still own your home and can leave it to family members. But you only pay taxes and any HOA fees that may apply.

For more detailed information about downsizing, please reach out to me at any time or click the link below to receive your free TOP 10 TIPS FOR DOWNSIZING.