When does downsized come back on

Downsizing to a smaller house, then, would reduce how much home maintenance work you have to do yourself, or it can cut down the cost of paying for housework services. If you no longer can or want to handle physical housework altogether, moving to a community or building where property maintenance is taken care of for you may be a good decision. Climbing stairs, for instance, can become more challenging as you get older.

Many people, even folks who have owned and sold several homes before, underestimate the cost of selling a house, Sanderfoot says. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. The Stages of Retirement. Managing Your Money. The Retirement Lifestyle. Retiring Abroad. Staying Healthy. Personal Finance Retirement Planning.

Table of Contents Expand. Overestimating Your Home's Worth. Underestimating New Home Costs. Ignoring the Tax Implications. Forgetting About Closing Costs. The Bottom Line. Key Takeaways Downsizing to a smaller home in retirement must be done wisely. You need to be clear-eyed about the cost of real estate in the area to which you are moving by using the same resources. You should look carefully at the tax implications of a move.

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Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. Now Reading:. Membership My Account. Rewards for Good. Share with facebook. Share with twitter. Share with linkedin. Share using email. Being part of the process is the key to a good outcome. The feelings that surface could be some unresolved conflict from your past, he says. Maybe when you were a child your family was constantly moving, and you lost friendships in the process.

While downsizing, that unresolved conflict can resurface. Focus on what you'll gain rather than what you're losing.