Downsizing: know what your home is worth

Many people move to a smaller home when the children have moved out. The move is about two prices: the one that you sell for and the one that you buy for.

Your home

What is your home really worth? Look at final prices of similar homes nearby, not at old memories or at asking prices.

Your new home

Smaller homes in central areas can be more expensive than you think. Small flats often have a high price per square metre.

The gap

The difference between the two prices decides your budget. Know both before you decide.

Practise both sides

Play homes like yours in your area. Then play small flats in the area where you want to move. You will see both markets clearly.