Why Downsizing Your House to Save Money Is a Great Financial Choice

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n the past several decades, the cost of housing has increased dramatically. We don’t expect it to slow down. Depending on its location, a house bought 20 years ago is worth exponentially more than it was in the ‘80s or ‘90s.

 

People buy large houses for many reasons, but those reasons aren’t always practical. Regardless of why you bought a large home back in the day, one fact stands true now: that home is probably worth a whole lot more.

If you have a big home and you’re not using the space, now is the right time to downsize. It’s a hot market and you could fare well if you go about it correctly.

Here’s why.

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