Retiring Soon? Here are 3 Reasons to Reevaluate Your Home

By DeVonna Meyer

DeVonna has spent over 43 years building lifelong relationships in South County and has sold hundreds of homes from San Jose, Morgan Hill, Gilroy, and Hollister Cities.

If you’re approaching retirement or already in retirement, now is the time to reassess whether your current home still meets your needs. What worked during your working years may not support the lifestyle you want going forward. A large home with high maintenance and unnecessary expenses can quietly drain your retirement income.

I’ll go over why reevaluating your living situation could bring more financial freedom and peace of mind.

1. Your home might be working against you. Many retirees hold on to homes that no longer serve them. These homes often come with more space than needed, higher utility bills, and upkeep that becomes more difficult over time. The cost of living has increased by 23% over the past five years.

If your home is oversized or over budget, you may be spending more than necessary at a time when preserving your savings is critical. Replacing that home with something simpler could reduce your monthly costs and make your life easier.

2. Equity gives you freedom. If you have owned your home for several years, you may have accumulated substantial equity. That equity can open the door to new possibilities. You could sell and purchase a smaller, easier-to-manage home. You may want to consider relocating to an area with lower expenses or better amenities. The leftover funds could be used for travel, hobbies, or time with family. Using your home equity wisely can help you gain more control over your retirement lifestyle.

3. More retirees are choosing change. I’m seeing more retirees decide to sell, not out of necessity but by choice. They want a lifestyle that feels right for this next chapter. A home that is affordable, manageable, and aligned with their goals makes it easier to enjoy retirement without financial strain. The right move can create space for what matters most.

Making a smart move in retirement doesn’t have to be stressful. With the right plan, you can turn your home into a powerful tool for financial freedom and a simpler lifestyle. If you’re considering downsizing or making a change, feel free to call or text me at 408-547-4362 or devonna.meyer@exprealty.com. I can help you review your options, run the numbers, and create a strategy that supports your retirement goals.