need. You won’t have to worry about doing this in the future when you’re older and/or in poor health and have to leave all the work for your grown children. Downsizing also brings security. You’ll have financial security because you were hopefully able to make a profit and enjoy increased cash flow to help you throughout your retirement. The security also comes in knowing that you’ve successfully sold your home, and you will be OK as you age, whether you’ve downsized into a smaller house, condo, apartment, or community living. And, as I’ve already pointed out, you will have more time and less stress.
WHAT ARE MY OPTIONS?
There are plenty of options when you’re looking to downsize and live a more straightforward, carefree, and stress-free lifestyle, and you need to consider these options carefully. There is no one-size-fits-all approach to deciding where to move after selling your house. Your decision will depend on various factors, including your budget, your family situation, your lifestyle, and your needs and wants. Some living situations suit a specific type of homeowner more than others. So, read through these following few chapters of the book so you can make the right decision for you. When downsizing, there are generally three options to consider (and different variations of each):
Smaller single-family house or townhouse Condo or apartment Community living
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