chinaco
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 14, 2007
- Messages
- 5,072
The Poll Question is Would you down-size your home before or after you retire if you were within 5 years of retirement?
We are intending to downsize our home when we retire. We will stay in the same general area. We are still about 4 years from ER. We have much more house than we need. Matter of fact, we have enough furniture to furnish two smaller houses with full living rooms and dining rooms. I am a little too embarrassed to elaborate. It will suffice to say that some relatives will be enjoying some nice furniture gifts.
As a side note: We almost Built an even larger Home. Boy am I glad we passed on that. More taxes, more expenses. But it would have been a very very nice money trap!
I am trying to decide if we should try to down-size before or after we ER. We will owe about 40k on the mortgage when we ER. That is not a problem since I could just pay it off. The issues is more related to time and effort. I feel that we will have more time to spend working the house hunting and move.
We are intending to downsize our home when we retire. We will stay in the same general area. We are still about 4 years from ER. We have much more house than we need. Matter of fact, we have enough furniture to furnish two smaller houses with full living rooms and dining rooms. I am a little too embarrassed to elaborate. It will suffice to say that some relatives will be enjoying some nice furniture gifts.
As a side note: We almost Built an even larger Home. Boy am I glad we passed on that. More taxes, more expenses. But it would have been a very very nice money trap!
I am trying to decide if we should try to down-size before or after we ER. We will owe about 40k on the mortgage when we ER. That is not a problem since I could just pay it off. The issues is more related to time and effort. I feel that we will have more time to spend working the house hunting and move.