Bigger isnt always better when it comes to homes.
Here are some signs you should downsize
If youve retired, downsizing could lower your expenses and stretch out retirement savings.
If your children moved out or guest rooms collect dust, youre likely wasting money by heating and cooling unused space.
If maintenance is overwhelming, switching to a smaller house or rental could alleviate the burden.
If you have trouble climbing stairs due to age or medical issues, consider moving to a smaller, one-story home.
If life changes have you struggling to make house payments, paying for a smaller home may be more sustainable.
Is it time for you to downsize?
Published with permission from RISMedia.