Similar Stories to Ask Amy: Downsizers Are Not Up To Code on Bing News

Dear Amy: My good friends want to downsize for retirement, but the major repairs needed on their house will prevent them from making enough on the sale to buy their next place. They asked me to brainstorm options, and one idea I had was to convert the basement level into a rentable apartment, so they can use the rental income to complete the repairs on their home over time. We did some quick math and their next step was to talk to their financial planner. Well, they decided to go for it, but in my opinion they are making all the wrong decisions!

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BING NEWS:
  • How to overcome ‘downsizers’ block’ – and make the right property move
    Whether it’s the upset of moving from your family home or being unwilling to settle for a smaller property, many older homeowners end up putting it off – sometimes forever – suffering from what is ...
    06/25/2024 - 7:04 pm | View Link
  • Phil Spencer: I already know where I want to downsize – here are the top places to consider
    If you have a property question you would like Phil to answer, get in touch at phil.spencer@telegraph.co.uk. It may seem a bit premature, but I already know where I want to downsize to.I love where I ...
    06/17/2024 - 7:03 pm | View Link
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