Being prepared to downsize and retire.

If you’re a baby boomer in Hamilton (meaning born between the years of 1946 and 1964) you may be settling down and getting ready to retire, if not now then you might be entertaining the idea. Quite often potential retirees plan on downsizing to a smaller property so they can manage payments easier with a smaller income. A problem some are finding is the housing market is geared towards first time buyers and the market has become quite competitive. Recent studies have confirmed only half of everyone over 50 ended up downsizing, a severe drop from statistics in the past.

Where do you go from here? It’s important to be prepared and know what you want. Make a list of everything you want your property to have and keep your eyes open. You should always be looking and prepared to act fast as a baby boomer in Hamilton.

So my question to you is “When do YOU plan on retiring and do you plan on downsizing?” I’d love to hear from you, leave a comment below!

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