Downsizing Costs Add Up.

The article discusses the expenses that near-retirees should consider before adopting a downsizing strategy and using home equity to increase their retirement savings in the U.S. These include the condominium association fees on top of insurance and property taxes and the costs of home repairs and upgrades and furniture transportation. However, the author emphasizes that moving to a condominium or apartment has also many advantages such as reducing electricity bills and eliminating yardwork.