When it comes time to consider downsizing your home, there are a mix of emotions and stressers you may have never encountered before. For seniors, it’s a situation that sometimes comes about out of necessity and sometimes simply as a way of improving the quality of retirement years.
As the number of Baby Boomers entering retirement continues to climb in the US, the reasons to start downsizing are more apparent than ever:
- Economic necessity. It’s common for many older adults to be faced with unexpected medical expenses, growing homeowners insurance rates, and rising utility costs. Selling the house and moving into a more affordable space is often the solution.
- Health concerns. Many seniors downsize to a home where at-home care is more convenient and there are fewer everyday obstacles to maintaining good health.
- Convenience. If you’re tired of doing all the housework that comes with a larger home, you’re not alone. A lot of retirees opt for smaller homes where upkeep is less of a responsibility.
Read more… Source: Retired seniors’ guide to downsizing…