Three Tips for Downsizers

20th September 2024

1. Evaluate Your Future Needs: When downsizing, consider your future lifestyle and any potential health or mobility changes. Look for properties that are easy to maintain and accessible, such as single-storey homes or those with fewer stairs.
2. Maximise Financial Benefits: Downsizing can free up equity, so it’s important to assess how this can improve your financial situation. Whether it’s boosting your retirement savings or cutting down on monthly bills, plan how best to use any profit from your sale.
3. Declutter and Prioritise: Moving to a smaller home means you’ll need to reduce your possessions. Start decluttering early, prioritising sentimental or functional items, and be prepared to let go of things that won’t fit or aren’t necessary in your new space.