Working hard all your life is what allows you to live in your dream family home, but what about when you come to retire, take things a little slower and the kids have moved out? Well, that’s where a cash-out and right-size approach could just work wonders for the quality of life you enjoy in your retirement. Let’s take a look at what it entails and what the benefits are so you can start planning right away.
What is a cash-out and right-size approach?
When you are ready to retire you’re often left with a large family home whose rooms are only occupied a few times a year when the whole family comes to visit. Whilst it’s great having everyone under one roof again, there’s also a lot of options and flexibility tied up in your home. A cash-out allows you to unlock all of those years of saving and put them towards a smaller, more manageable property. You can then use the difference to travel the world, treat yourself, or anything else you’ve been dreaming of doing.
You’ll have the freedom to travel
Being free from childcare, commuting and working is something that comes with retirement — you can think of it as your reward for those years of hard work and sacrifice. By unlocking the value in your home you’re instantly generating savings that you’ve worked for years to acquire, and you’ve finally got the freedom and time you need to really make the most of them.
You’ll find your new pace of life more manageable
A smaller property won’t just unlock money for you to spend enjoying yourself, it’ll also offer you a different, more relaxing pace of life. The great thing about this is that it will allow you to rest and relax at the end of the day, and give you plenty of energy when you wake bright and early in the morning. Ideal for enjoying your retirement in a way you never thought possible.
You can help the kids enter the housing market
Helping the kids settle down and a make life for themselves away from the family home is one of the greatest things you can do for them. By helping top up their savings you can give them a few more options and a lot more flexibility when the time comes. Ideal if you want to be able to give them all the chances and choices in life that you’ve worked so hard to provide.
What happens next?
Trying to cash-out by yourself might sound tempting, but it’s never going to get you the best result for your years and years of hard work. Taking the time to find an expert you can trust is the best approach to take. It’s why our doors are always open to people just like you looking to enjoy the next chapter of their lives.
Point to NOTE:
We will ensure proper financial assessment is done before proposing various options / actions to take.
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