Your children have left the family cocon and you are approaching retirement age. Has your house become too big?
If your property has more disadvantages than advantages, it may be time to take a closer look at your real needs. Here are some signs that might help you decide:
You want to be closer to the shops, or live in the country, or live on one floor, or simply reduce your costs. You don't use all the rooms, the area is too large to maintain. You want to travel more often, use the car less often.
If you tick more than one of these boxes, your needs may need to be redefined. Which items could you part with and which ones do you want to keep?
Once you have taken this first step, you will have an idea of how many square metres you need.
You can then contact a real estate broker who will be able to take your needs into account and propose suitable solutions. Condominium, townhouse, gated community, cottage, etc.
Consult your real estate broker to evaluate your purchase potential.
The sale of a large property combined with the purchase of a smaller one is often motivated by the realization of a gain. However, it is important to take into account all the costs associated with the sale, the investment in the new property and the taxes that will be charged.
Your real estate broker will be able to accurately evaluate your real estate gain based on several scenarios. In addition, it is important to take into account any new costs associated with the new purchase.
Moving house, buying new furniture because the old ones are not suitable for a smaller home. A second vehicle if you are moving to the mountains or the country.
Consult your broker to see the net result of this change of properties. Although it can be an additional motivation, financial gain should not be your primary motivation. Your choice must be motivated to fully meet your aspirations.