Downsizing, Rightsizing or Retiring

If you’re downsizing with the intention of retiring or simply just for a lifestyle change, it’s a good idea to look at the bigger picture before you get stuck into the nitty gritty tasks that are involved in downsizing or rightsizing For example, do you know the financial implications of downsizing? Have you decided where you’re going to move? Do you have a target sale price in mind for your current property if you need to sell? Do you need to make a certain amount of money on your property sale to retire comfortably or buy that beachside dream home?

Before you rightsize or downsize, it is a good idea to have a financial plan locked in. Everyone has different end goals when it comes to downsizing or retiring. If you’re unsure about the effects that selling your property could have on your plan, it’s a good idea to talk to a local expert.

At Key Investments we are able to 1) understand your key purchasing criteria 2) talk you through current market conditions and 3) help you find your dream home.