If you have been in your house for a long time, there is a great chance that you have paid off almost the entirety of your mortgage. Furthermore, your home may have even gone up in value by tens of thousands of dollars.
If you're moving from a large home into a smaller house or condo, you're probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that you're not overwhelmed.
After the children are all grown and moved out, the family home often feels excessively large and empty. If you're in this stage of life, you may be wondering if you should downsize like so many others, or stay put. Downsizing may be the best option, depending on your lifestyle.