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Blog Post

June 20, 2014

Consider a Downsize

You bought your home with the kid's needs in mind. Now that they have left home, you may have realized you don't really need 2,300+ square feet of living space. Many baby boomers are happily taking this opportunity to sell their homes and downsize into something more manageable. Selling your home can also provide you with much-needed equity, which you can use during your retirement years. This extra money can provide baby boomers with priceless peace of mind; as the 2013 Retirement Confidence Survey conducted by the Employee Benefits Research Institute notes, only 17 percent of people past the age of 55 said they are confident that they will have enough money to tide them over during retirement. Moving to a smaller place usually means spending less on the mortgage, utilities and taxes, too. Consider a downsize to one of Cornerstone Home's 55+ active adult communties in Virginia and North Carolina.

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