Downsizing

What is an easement on a property and how does it affect me? An easement allows another party to access, cross or use your land for a specified purpose.
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What are some home downsizing tips?

Downsizing your home raises lots of questions so here are some tips:

  • Choose a location that is central to where your children and friends live, if possible
  • Check the closet and storage space in smaller residences and be sure you have enough room
  • There are common access points in apartment living such as parking bays, corridors and lifts. It takes time to adjust from living in a residential house so be sure you understand the limitations of 'common property'
  • Apartment blocks have body corporate rules and, often, minimum fees per month that you may wish to review before purchasing your dream downsize apartment
  • Consider an extra room can that can double as a part time study, reading room or bedroom when friends, guests, children and grandchildren visit
  • If downsizing for retirement, consider only properties with at least one downstairs bedroom and bathroom so stairs cannot become a problem - forcing you to move again
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