Retirees sell large houses to buy cozy smaller ones

More and more retirees are selling their large houses to buy smaller ones that meet their comfort and convenience. PHOTO | SHUTTERSTOCK

Picture this: you settle in your retirement home only to realise that it is either too big for you and your spouse or too far from the golf club and your social networks.

Discovering that the house where you will be spending the rest of your days does not support your mobility needs can be devastating, especially when you spent your entire career saving up for it.

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Note: The results are not exact but very close to the actual.