Should I Stay Or Should I Go?

The Pros and Cons of Moving in Retirement

Pros

  • moving to a smaller home for empty nesters can reduce time spent with home maintenance
  • move closer to children and grandchildren who have moved away
  • move to a neighborhood with lower property taxes
  • possibly live closer to hobbies and interests
  • can be used to set up a long term housing plan before mobility is reduced
Cons
  • lose connections with community ties family and friends
  • lose familiarity and stability with current community
  • lose memories and good feelings about long standing residence
  • if home is owned pride of ownership and not having that debt to worry about
  • current residence can be renovated to make living there easier as mobility declines
  • could be less expensive to removate than by a new home