Entering your golden years and retiring from the workforce can be an exciting and also nerve wracking time, what with the financial concerns that this period of life can sometimes bring.
Hopefully with a bit of forward thinking and some long term planning you have managed to accumulate enough savings to supplement your superannuation – but did you know that there is another easy way to earn extra money for your retirement?
You might be surprised at just how simple it can be to unlock the equity in your house and fund that big vacation you have always dreamed of by downsizing to a smaller home that is just as comfortable and convenient as your current one.
If you are a Wollongong resident or live in the wider Illawarra region then now is a great time to downsize your home.
With such a wide range of property for sale in Wollongong right now, there is certain to be a home that suits your needs.
Moving to a smaller house can also have other benefits in retirement, as this property will likely have less maintenance requirements and will be easier to get around in.
And the best part is you can leave your old home to a young family who might need the extra space, whilst at the same time significantly supplementing your retirement savings.
Of course, downsizing won't be for everyone and there are plenty of reasons – both practical and sentimental – why you might prefer to stay in your existing home.
But for those Wollongong residents who think that downsizing might be for them, it could be well worth contacting a professional team who are knowledgeable about the various houses for sale in Illawarra to find out how moving to a smaller property can help making retirement even more relaxing.