As retirement approaches, many individuals consider selling their homes or downsizing to better suit their changing lifestyles. Selling a large, maintenance-heavy property can reduce stress and free up time for retirees to enjoy their golden years. Someone who will retire in the near future can find selling or downsizing beneficial for financial, emotional, and health-related reasons, including considerations around their physical abilities. Moving into smaller, more accessible homes that better suit their changing needs can create a sense of peace of mind. Additionally, the financial benefits of selling a property can often allow the seller to live more comfortably without the burden of a mortgage or the ongoing costs of home upkeep.

As people reach their 50s and 60s, many start considering downsizing. The popular trend of the tiny house movement is attracting more individuals to downsize for various reasons, including the following top ten in this article.