Don’t Waste Your Money | Why downsizing isn’t paying off for empty nesters in today’s housing market

LOUISVILLE, Ky. (WDRB) — When the kids are grown and out of the house and that home just starts to feel too big, many couples decide to downsize.

The trouble with doing that today is downsizing can sometimes cost so much that it’s not worth doing. Today’s record high home prices are to blame for that.

Many empty nesters want newer construction, with a ready-to move in kitchen and bathroom. Many of the new homes and townhomes cost well over $500,000 and can cost more than what Mom and Dad’s 50-year-old home sells for…

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