Schedule time with me # Moving to a Smaller Home After Retirement Dated: July 11 2024 Views: 46 ### Why Moving to a Smaller Home After Retirement Makes Life Easier  Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it's important to think about whether your [current home](https://www.simplifyingthemarket.com/en/2024/07/03/homeowners-gained-28k-in-equity-over-the-past-year/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48) still fits your needs. If it's too big, too costly, or just not convenient anymore, [downsizing](https://www.simplifyingthemarket.com/en/2024/06/25/how-long-will-it-take-to-sell-my-house/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48) might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions: - Do the original reasons I bought my current house still stand, or have my needs changed since then?
- Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
- What are my housing expenses right now, and how much do I want to try to save by downsizing? If you answered yes to any of these, consider the benefits that come with downsizing. #### The Benefits of Moving into a Smaller Home There are many reasons why you should downsize. Here are just a few from _Bankrate_:[](https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/images/20240709/20240711-Reasons-To-Downsize-original.png) #### Your Equity Can Help Make Downsizing Possible If those perks sound like something you’d want, you may already have what you need to make it happen. A recent article from _Seniors Guide_ [shares](https://www.seniorsguide.com/downsizing-real-estate/downsizing-makes-sense-for-retirees/): > _“And at a time when homeowners age 62 and older have more than $12 trillion in home equity, downsizing makes sense . . .”_ If you’ve been in your house [for a while](https://www.simplifyingthemarket.com/en/2024/06/26/focus-on-time-in-the-market-not-timing-the-market/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48), odds are you’re one of those homeowners who’s built up a considerable amount of [equity](https://www.simplifyingthemarket.com/en/2024/07/02/real-estate-still-holds-the-title-of-best-long-term-investment/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48). And that [equity](https://www.simplifyingthemarket.com/en/2024/06/14/real-estate-is-still-the-best-long-term-investment-infographic/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48) is something you can use to help you buy a home that better fits your needs today. Greg McBride, Chief Financial Analyst at _Bankrate_, explains: > _“Downsizing can mean taking that equity when the home is sold and using it to pay cash or make a large down payment on a lower-priced home, reducing your monthly living expenses.”_ When you’re ready to use all that [equity](https://www.simplifyingthemarket.com/en/2024/06/07/the-wealth-building-power-of-homeownership-infographic/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48) to fuel [your next move](https://www.simplifyingthemarket.com/en/2024/06/06/your-equity-could-make-a-move-possible/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48), your [real estate agent](https://www.simplifyingthemarket.com/en/2024/06/10/selling-smart-why-a-real-estate-agent-makes-all-the-difference/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48) will be your guide through every step of the process. That includes setting the right price for your current house when you sell, finding the home that best fits your evolving needs, and understanding what you can afford at [today’s mortgage rate](https://www.simplifyingthemarket.com/en/2024/06/18/worried-about-mortgage-rates-control-the-controllables/?a=1940-ee10a00d9ce1f206ef9b956c7c6b6c48). ### Bottom Line Starting your retirement journey? Think about downsizing – it could really help. When you're ready, let’s connect.  ### [Deanna Dellinger](https://www.lovingeasttennessee.com/agents/269187/Deanna+Dellinger) BUYERS: As a dedicated Realtor in Sevier County, Tennessee, I’m passionate about connecting people with the perfect investment properties in the scenic Smoky Mountains. Whether you'r.... - [](https://www.facebook.com/lovingeasttennessee)
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- [](https://www.linkedin.com/in/deanna-dellinger-164a7511) Login To Leave A Comment # Latest Blog Posts ## [July 2025 Sevier County Real Estate Market Update](https://www.lovingeasttennessee.com/blog/293184/July+2025+Sevier+County+Real+Estate+Market+Update) Posted by [Deanna Dellinger](https://www.lovingeasttennessee.com/agents/269187/Deanna+Dellinger) August 13 2025 [0 comments](https://www.lovingeasttennessee.com/blog/293184/July+2025+Sevier+County+Real+Estate+Market+Update) Sevier County’s real estate market is shifting gears. July 2025 brings cooler listing activity, softer pricing, and longer selling times—but steady sales volumes show that buyers are [Read More](https://www.lovingeasttennessee.com/blog/293184/July+2025+Sevier+County+Real+Estate+Market+Update) ## [Home Prices Have Risen Dramatically Over the Past 5 Years](https://www.lovingeasttennessee.com/blog/271267/Home+Prices+Have+Risen+Dramatically+Over+The+Past+5+Years) Posted by [Deanna Dellinger](https://www.lovingeasttennessee.com/agents/269187/Deanna+Dellinger) March 7 2025 [0 comments](https://www.lovingeasttennessee.com/blog/271267/Home+Prices+Have+Risen+Dramatically+Over+The+Past+5+Years) Your house could be worth way more than you think. Home prices have jumped nearly 60% in the past 5 years, and that means your house is probably worth more too. Here’s how that [Read More](https://www.lovingeasttennessee.com/blog/271267/Home+Prices+Have+Risen+Dramatically+Over+The+Past+5+Years) ## [The Perks of Buying a Newly Built Home](https://www.lovingeasttennessee.com/blog/270827/The+Perks+Of+Buying+A+Newly+Built+Home) Posted by [Deanna Dellinger](https://www.lovingeasttennessee.com/agents/269187/Deanna+Dellinger) March 3 2025 [0 comments](https://www.lovingeasttennessee.com/blog/270827/The+Perks+Of+Buying+A+Newly+Built+Home) Is a Newly Built Home Right for You? The Pros and ConsWhen searching for a home, you don’t want to skip over new builds as an option. Right now, there are more newly built homes to choose from [Read More](https://www.lovingeasttennessee.com/blog/270827/The+Perks+Of+Buying+A+Newly+Built+Home) ## [Options Like Buydowns, ARMs, or Assumable mortgages Could Make Homeownership More Affordable](https://www.lovingeasttennessee.com/blog/269916/Options+Like+Buydowns%2C+Arms%2C+Or+Assumable+Mortgages+Could+Make+Homeownership+More+Affordable) Posted by [Deanna Dellinger](https://www.lovingeasttennessee.com/agents/269187/Deanna+Dellinger) February 24 2025 [0 comments](https://www.lovingeasttennessee.com/blog/269916/Options+Like+Buydowns%2C+Arms%2C+Or+Assumable+Mortgages+Could+Make+Homeownership+More+Affordable) How To Buy a Home Without Waiting for Lower RatesMany people are hoping mortgage rates will come down before they buy a home. But will that actually happen? According to the latest forecasts, [Read More](https://www.lovingeasttennessee.com/blog/269916/Options+Like+Buydowns%2C+Arms%2C+Or+Assumable+Mortgages+Could+Make+Homeownership+More+Affordable) [  Chat With Me ](https://m.me/deanna.dellinger)  Original text Rate this translation Your feedback will be used to help improve Google Translate
