Most people want to remain in their own homes. The first thing to look at is “Can I afford to stay in my home? ” Look at your monthly income and expenses. With hydro, water, heat, and taxes going up are you on a fixed income that doesn’t rise? Could there be major expenses like a new roof, windows, furnace..and do you have the cash flow to pay for them? Do you live in a condo and the fees are rising? What services might you have to pay for – yard maintenance, cleaning, transportation, meal preparation, nursing care….?
See your financial planner and look at the “numbers.” Sometimes selling your home gives you the cash flow needed to have a better quality of life. We sold our retirement home on the water and bought a less expensive home which freed up cash to do the things we wanted to do.