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
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