After building up equity over the years, your home might be your retirement plan. Should you really sell it and rent, sell it and buy a smaller home? Sell it and be a gypsy in an RV? According to financial experts, the decision you make isn’t just about money.
It’s also about the pros and cons of being a property owner versus a renter. It’s about lifestyle and how responsible you want to be, or how free you want to be.
For years, the advantage of owning a home has been the fact that it’s an asset that will increase in value the longer you have it. It’s been an investment. But if you’re retired, guess what. You don’t have your whole life ahead of you in which that asset is going to gain more value. And conversely, when the…