As a financial professional most of time I only get calls when someone is in a financial transition (that is financial speak for a change that has not been planned for).
The loss of a job, forced retirement, dealing with aging parents and the dreaded sale of family home or now referred to as “downsizing”.
The idea of downsizing is a good one. Your new smaller home is cheaper, easier to maintain and if properly located can save money on transportation. More money in your pocket the better retirement … but is it worth the pain?
That said the emotional history attached to your home like baby’s first step in the living room, family dinners on Sunday Evening or just the ease of know where the bathroom is in the middle of the night, selling of the family home is one of those decisions that many leave to last moment.
Here is a great article from the Globe and Mail you may find useful as you plan to downsize your home …
For more ideas of finance follow my financial blog at http://mikehassard.blogpsot.com
