If you're starting to think about retirement or if you've already retired this year, it might be a good idea to take a moment to think about whether your current home is still the right one for the next phase of your life.

Good news - you might actually be in a great spot to make a move! Consider these points as you weigh the decision to sell and relocate.

How Long You’ve Been in Your Home

Hey, did you know that back from 1985 to 2008, most homeowners used to stay in their homes for around six years? But now, the National Association of Realtors says that people are staying in their houses even longer.

When you've been living in a house for a while, it's totally normal for your life to go through some big changes while you're there. As things happen and you hit different milestones, what you need from your home might change too. If your current place no longer fits the bill, there could be some great options out there for you.

How Much Equity You’ve Gained

If you've owned your home for a while, you've probably gained quite a bit of equity. This means that as time passes, your home tends to increase in value, which can be really beneficial when you're thinking about making your next move. According to information from the Federal Housing Finance Agency, homes generally appreciate in value over time. So, if you've been in your home for a while, there's a good chance it's worth more now than when you first bought it. Let me know if you want to delve into this in more detail!

So, you know how home prices can be pretty different depending on where you live? Well, on average, if you've owned your home for about five years, its value has likely gone up by almost 60%! And if you've been a homeowner since 1991, the average increase in your home's value is more than triple. Crazy, right?

Consider Your Retirement Goals

Looking to make a change in your living situation? Whether you want to downsize, move to your dream spot, or just be nearer to family, your home equity could be the ticket to achieving your homeownership dreams. According to NAR, many recent home sellers moved primarily to be closer to their loved ones.

No matter what you're aiming for with your home, a reliable real estate agent can team up with you to discover the ideal solution. They'll assist you in selling your current house and steer you through the process of buying a home that perfectly suits your lifestyle right now.

Bottom Line

When you retire, your lifestyle and housing needs can change big time. I'd love to chat more and show you some homes in our area that could be a great fit for this new chapter in your life. Let's connect and explore your options together!