Housing needs change throughout our lives: singles needing a place to call their own; young families needing more space; retirees wanting less to take care of and/or needing more support and services.

Many seniors stay in their old homes and are perfectly content to be there. Others find their thoughts turning to a new home and/or a completely new way of life. And still others remain in familiar homes while independent yet plan ahead in case assisted living becomes necessary.

If you or any older family members have reached the point where a retirement move might be your best strategy, here are a few thoughts to consider:

Over Housed -
Rattling around in an empty nest, paying more taxes than you use - utilities and maintenance - if retirement means a cut in income, would a lower-priced home, townhouse, or condominium be easier to manage on your resources?

Equity Needs -
For some, equity built up in a home is their main retirement savings - sometimes a move is needed to convert that equity into cash and income to be secure for the oncoming years

Demanding Upkeep -
Do you have the time, energy or interest to paint, clean, mow, etc. - will the roof need replacing soon or the heating/air conditioning need repair?

Style vs Physical Comfort -
Too many stairs/steps - wheelchair accessibility; safety/security; adequate lighting and heating.

Changed Neighborhood -
Friends, relatives, neighbors, doctors, merchants gone - maybe you should consider moving too

Family Proximity -
Children, grandchildren - cut down on travel time or perhaps you need regular assistance from a family member

Improved Lifestyle -
Maybe you’d like to relocate to a more economical, lower-maintenance home - lock’n leave” as we say in real estate biz - golf, bridge, clubs, walking trails - maybe you want to be near old friends or in a community where you can make new friends with similar interests

Financial Planning -
Careful planning and sound expert advice are crucial to a successful move - consult your financial advisor and/or accountant - see selling your home tax free