Posted by Jack Barker
Downsizing in property refers to when you move out of a property into a smaller one. This is often a decision made by those who now have an empty nest, are struggling to deal with the upkeep of their home, or are finding the related costs hard to deal with.
It may just be that you are eager for a change, want to simplify your life, want to move closer to friends or family members, or want to start a new phase in life. While many people have been trying to upsize throughout their home-buying journey, downsizing can offer so many options!
But before selling off all the major assets, there are a few things to consider before getting started.