- Consider a short-distance move for familiarity. Plus, a shorter move can be cheaper.
- If you're moving out to a new county or state, check the property taxes. This is especially important if you're on a fixed income.
- Look for handicap features that you might not need now but which may you if your health or physical abilities decline.
- Think about sharing space with a younger (or older) family member.
- Insist on good security in the new property.
- Look for a home that doesn’t require a lot of maintenance.
- Ask about energy efficiency. Utility bills will go up but a fixed income does not.
If you're approaching retirement, or just had it with the big-house lifestyle, it might be time to down-size. Here are some thoughts to consider when downsizing: