10 things to consider when downsizing
Posted October 05, 2020
Want to downsize your house? Here are 10 things to think about before you do.
Thinking of downsizing your home? You’re not alone. More than half of Australians over the age of 55 are open to the idea of downsizing, according to a 2018 report from the Australian Housing and Urban Research Institute – and thanks to our ageing population, it’s a trend that’s on track to grow.
As more and more Baby Boomers turn 65, that family-sized home on a quarter-acre block might increasingly look like a lot of hard work. But for people of every age, downsizing can be the gateway to a less stressed, more financially fit lifestyle. COVID-19 has also impacted housing and design.
But before you take the jump, here are 10 important things to consider when downsizing.