If your home feels bigger than you need―or more than you want to maintain―you might be sitting on more than just unused space. Thanks to rising home values, many longtime owners have more equity than they realize. According to CoreLogic, the average homeowner over age 65 now holds about $250,000 in equity―a 47% increase since 2019. That equity could be your ticket to funding future goals, cutting costs, or creating a lifestyle that better fits this chapter of your life.

Equity That Works for You

Your home has been a place of comfort and memories―but it’s also a powerful financial tool. Downsizing doesn’t mean giving something up; it can actually enhance your lifestyle. Moving to a smaller, more manageable home could free up equity to grow your savings, support family, travel, or ease into retirement with a greater peace of mind. You may even be able to purchase a new home outright and eliminate your mortgage, reducing financial stress for the long haul.

Even if retirement isn’t on your radar yet, downsizing can help realign your space and finances. Maybe you’re looking to reduce stress, relocate to a walkable neighborhood, or simplify your day-to-day routine. The equity in your home can help make those changes happen―on your terms and your timeline.

Less Upkeep, Greater Freedom

Downsizing offers more than financial freedom―it’s a lifestyle upgrade. A smaller home often means lower property taxes and utility bills, fewer repairs, and less time cleaning or mowing. Many homeowners also gain convenience: Think single-level living, energy-efficient features, or walkable neighborhoods with shops and parks nearby. It’s not about settling for less―it’s about living with more ease, flexibility, and freedom.

Make the Move Strategically

Deciding when―and where―to downsize takes thoughtful planning. If you are starting to browse smaller homes online, be aware that today’s market is still competitive, especially for move-in-ready, starter-sized homes. Knowing how much equity you have, what kind of home fits your next chapter, and the current market trends will all affect your available options. It’s crucial to be aware of your choices when it comes to pricing and planning so you can move forward with confidence.

Ready for the Change?

Downsizing isn’t just for retirees―it’s a smart move for anyone looking to simplify, save, or start fresh. Whatever your reason, it starts with knowing your options. Let’s talk about what’s possible and see how your home’s equity can work for you.