Tips for Boomers: Benefits of Downsizing — New York Real Estate

Tips for Boomers: Benefits of Downsizing

by Raja Tayeb on March 18, 2010

retirement

For anyone approaching retirement, now could be a great time to move.

Here are some tips for Boomers considering downsizing:

  • Don’t miss out on the $6,500 move-up tax credit.
  • Consider a short-distance move if it provides savings and convenience.
  • Anyone moving out of state should figure the tax consequences in their new location.
  • Consider a property that offers features allowing Boomers to age gracefully.
  • Think about sharing space with a younger (or older) family member.
  • Insist on good security in the new property.
  • Look for homes that don’t require a lot of maintenance.
  • Go green. It will pay off down the road.


Source: Forbes, Ashlea Ebeling (03/16/2010)

Posted via web from New York Real Estate Access | Real Estate Blog

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