Is it Time to Right Size? Tap Into Your Home's Hidden Wealth

If your home feels bigger than you need or more than you want to maintain, you might be sitting on more than just unused space. Thanks to rising home values, many longtime owners have more equity than they realize. According to CoreLogic, the average homeowner over age 65 now holds about $250,000 in equity—a 47% increase since 2019. That equity could be your ticket to funding future goals, cutting costs, or creating a lifestyle that better fits this chapter of your life.

Equity That Works for You

Your home has been a place of comfort and memories, but it’s also a powerful financial tool. Downsizing doesn’t mean giving something up; it can actually enhance your lifestyle. Moving to a smaller, more manageable home could free up equity to grow your savings, support family, travel, or ease into retirement with greater peace of mind. You may even be able to purchase a new home outright and eliminate your mortgage, reducing financial stress for the long haul.

Less Upkeep, Greater Freedom

Downsizing offers more than financial freedom—it’s a lifestyle upgrade. A smaller home often means lower property taxes, utility bills, fewer repairs, and less time cleaning or mowing. Many homeowners also gain convenience: Think single-level living, energy-efficient features, or walkable neighborhoods with shops and parks nearby. It’s not about settling—it’s about living with more ease, flexibility, and freedom.

Make the Move Strategically

Deciding when and where to downsize takes thoughtful planning. If you are starting to browse smaller homes online, be aware that today’s market is still competitive, especially for move-in-ready, starter-sized homes. Knowing how much equity you have, what kind of home fits your next chapter, and the current market trends will all affect your available options. It’s crucial to be aware of your choices when it comes to pricing and planning so you can move forward with confidence.