Honestly Assess Your Needs
In real estate, there’s an old adage which advises against buying the biggest or grandest house on the block. This is because the value of your home is always dependent in part on the price of its neighboring homes. Bigger homes also require more maintenance and upkeep costs.
Now that the market has made homes more affordable, don’t be tempted to buy a bigger or more luxurious house than you need just because it is a “good deal.” Instead, look for a home that is just right for your retirement needs and use the savings to reach some of your other retirement goals.