Benefits of a smaller home:
- Easier to maintain
- Lower utilities
- Lower property taxes
- Lower insurance
- More convenient location
- Convenience of a single level
- Possibly more energy efficient
- Possibly lower maintenance
There will be expenses involved in selling a home as well as the purchase of a new home. These will lower the amount of net proceeds available to invest in the new home.
Like any other big change in life, it is recommended that you take your time to consider the possible alternatives and outcomes. Your real estate professional can provide information that can be valuable in the discernment process such as what your home is worth, what you will net from a sale as well as alternative properties for your next stage in life.
If this makes sense to you, call me at 832-200-5656. I am at "that time in life" and am beginning this process personally. I'd love to share and learn with others in this same position! -Sam Ferreri, President of RE/MAX Top Realty, the largest RE/MAX office in Houston, Texas!