Friday, May 13, 2011

Considering Downsizing?

Whether you are trying to cut costs, simplify life or you just don’t need the space after your children are gone, it can be invigorating to downsize to a smaller home in a community that offers the amenities that you want to enjoy life.


Downsizing usually affords you to buy in a more desirable area to live with amenities such as affordable golfing, swimming, a fitness center, walking trails, nearby tennis, a natural environment, nearby shopping, dining and entertainment.

Downsizing usually lowers monthly expenses. . . a lower mortgage payment, lower property taxes and insurance, as well as lower utility costs. Of course each situation is different. If you are selling your home and purchasing a home of lower value you should contact your CPA or financial advisor to see if downsizing is best for you.