On the subject of right-sizing, the idea is that owners will sell their private property to move into a resale flat. Nevertheless, that isn’t at all times the case. Some right-sizing owners really go for a smaller or older (and therefore cheaper) apartment unit as a substitute. Simply this week, we occurred to talk to S, who bought her four-bedder to maneuver right into a two-bedder apartment. Right here’s why it may be a extra wise choice:
Why right-size to a smaller apartment?
Chatting with S and some different right-sizing owners, the principle causes look like:
- A way of economic safety
- Services assist to keep up lively social lives
- Legacy planning points
- No wait-out interval
- A way of economic safety
S says that shifting to a smaller apartment, as a substitute of a flat, offers her a larger sense of economic safety. Her clarification is that:
“I really feel if I’ve personal…
