Many people approach retirement whilst they are living in the large family home in which they have spent years raising their children, entertaining friends and creating memories. One of the more popular retiree trends is to move to a smaller home. For some, it involves a sea change, building the seaside lifestyle they’ve always dreamed of. Downsizing in Kiama fits the bill. There are several reasons why this is a good idea.

Firstly, it would provide a more convenient retirement. A large home requires considerable time and energy to maintain. Pools need cleaning, lawns keep growing and dust never stops collecting. Of course, it’s possible to engage someone to help but this comes with a financial cost at a stage when budgets are being rethought.

Over the years we manage to accumulate things, especially if moving home hasn’t occurred for many years. Adult children neglect to take their collection with them when they leave, only adding to the clutter hiding in the many cupboards. Moving to a smaller home provides the opportunity to clear out the excess.

In doing so, you will probably find quality items which could be donated to charity or sold, giving you a little extra cash. Emotionally, this may be a difficult time so focus on the benefits. Charities always need support to help others, or if you choose to sell items, the cash can be invested into getting your current home ready to sell.

Additionally, the capital in the home, built over time, could now be realised and potentially boost superannuation savings (seek professional financial advice to determine your best options). Downsizing will also result in lower utility bills and less money spent on maintenance.

Impending retirement is a good reason to reassess current living arrangements. Cedar on Collins, in the heart of Kiama, will be an easy to maintain community which can provide you with a secure and affordable home in a close-to-perfect coastal situation.