important to remember, although many moves later in life are to a smaller, more manageable sized dwelling, this doesn't have to be the case. I've had many clients move laterally or up in terms of house size. They have chosen, say, a one level ranch, or a Condo with no yard maintenance, a location closer to family, etc.... In short, keep in mind that this move is as unique as you are. For the sake of this book, however, and in general terms, let's consider the move to something more "efficient" in size. Before we get into the details of the different types of housing options, let’s talk about some of the benefits of downsizing or rightsizing, including some surprising or even unexpected benefits of selling your current home and moving into another one. For the purposes of this chapter, we’re going to focus specifically on the benefits of downsizing, though many of these same benefits apply to a “right-size” property.
10 BENEFITS OF DOWNSIZING
1. Profit
Simply put, you could make a profit by selling your current home and moving into a smaller home — bonus points if you’ve already paid off your mortgage because you might just be able to purchase your next home outright. You might even stand to make a sizable profit (this is all dependent on your individual market and how much your current home is worth) and feather your nest egg. If you’ve been delaying retirement because you don’t think you can afford it, selling your larger home and moving into a smaller one could allow you to finally retire in peace and comfort.
2. Lower Bills
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