Downsizing – things to consider

by | Sep 26, 2016 | Housing, News

If you are thinking about moving to a more suitable home and you don’t yet need specialist care, there are various housing options you could consider.

Moving to a smaller property can have a number of advantages. You could:

  • release equity, which would give you extra money to live on
  • reduce your running costs
  • cut down on housework and maintenance

However, there may be some drawbacks:

  • moving costs can be expensive
  • smaller properties are not necessarily cheaper, depending on the area and type of property
  • money left after the sale could affect your entitlement to means-tested benefits

Before you move, consider the following questions:

  • Is there enough space for your belongings and your hobbies?
  • Will your friends and family be able to visit?
  • What are the local facilities and transport links?

For further information Independent Age