Three Things to Think About Before Downsizing in Retirement

When you get to retirement, it is a good time to make some decisions about your lifestyle and how you want your retirement to be. For many people, downsizing and moving to a property that is smaller and better suited for a retirement lifestyle like these Gloucester park homes is a great way to do this.

Downsizing at retirement helps people to get a property that is easier to manage as they get older, and also to free up some money to help fund retirement.

However, to make sure that you are making the right decision for you, here are some tips on downsizing when you get to retirement…

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Don’t forget to Take into Account the Costs Involved – There are lots of costs involved in moving house – from the solicitors fees to paying for a removals company, so you need to take all of them into account when you are planning your move. You also need to be aware of what the value of your current home is and what you will likely get for it, as well as the property that you are hoping to buy – many people make a mistake, and can overestimate what their property is worth, or they might underestimate what the new one will cost.

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Think About the Practicalities – It may be your dream to go and live by the sea for example but think about your daily life and what you will do when you are there. If you haven’t visited a place or have only visited when it is busy with tourists, it can be very different at other times of the year, so if you are moving away to a new area, try to get as much information as possible about what it is like to live there, and also what amenities are available to ensure that you can enjoy your retirement there.

You will Need to Declutter – When you are moving into a smaller property, you will not be able to take everything with you. If this is something that you want to do, now is the time to have a ruthless declutter. You can actually hire a professional declutterer to help you with this if it is something that you think might be too much for you.

Matthew Olson

Matt McGrath is a travel blogger and writer in the blogging community who has been to more than 50 countries. He loves exploring new cultures, but also likes sharing practical tips with his followers about how they can easily afford this exploration!

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