058. Downsizing your property and what to consider.

https://cabpropertywealth.com.au/

This episode will help when considering downsizing your home.

Downsizing a property is a significant move driven by financial, lifestyle, or life stage changes. Key considerations include understanding the financial implications (equity, selling/buying costs, ongoing expenses), preparing for lifestyle adjustments (less space, decluttering), addressing emotional aspects (memories, family impact), and planning for future needs (accessibility, long-term goals). The process involves assessing needs, financial planning, extensive decluttering, preparing the current home for sale, finding a new home, and finally, moving and settling in. Tips for a smooth transition include starting early, being realistic, seeking professional help, focusing on benefits, and involving family.