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Fournier Law Blog

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Is Upsizing to a Bigger House the New Trend for Retirees?

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We typically think of retirees as downsizing their homes. With no kids to fill up extra bedrooms and a fixed income to protect, moving to a smaller house seems like the right move to make. But, according to a recent Merrill Lynch study, 30 percent of retirees are actually buying bigger homes. What makes upsizing so appealing? Well, it seems that now that they are home more often, retired couples feel confined in a two-bedroom home. Not only do they not want to be on top of each other, they also want to entertain more and have space to explore hobbies. The rebounding economy is also a big factor in the new trend.

To learn more, read the entire article.

Image credit: Michael Gil

 

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