Hi:
Part of the retirement decision involves where to live. It's wise to stay in the same place for a while - say a few months after retiring, until you get your bearing on your new lifestyle. Some people make the decision to stay in their family home or location for many years to come.
Some people, however, aren't quite as connected to their community, They find that they have different needs that could be more successfully met if they moved. For example, if you live in the suburbs and have to drive everywhere, and there are few shopping amenities besides big box stores, you might consider moving to a more urban centre.
If you want to out for a morning coffee, and need to drive for 20 minutes to do so, perhaps a rethink of where you live might be in order
House and yard size is also a consideration. You didn't work all your life to spend your retirement cleaning your kids old rooms, or up on a ladder scraping leaves out of the gutters. If those activities are not appealing, it might be time to move on.
One point to consider, however, is that with real-estate appreciation is still the greatest with single family dwellings.
That being said, urban real-estate, particularly condominiums in trendy downtown locations have also seen significant gains.
The main point is that you are not your real-estate. First focus on what you want to do to get the most out of your life and free time. If you go for your goals and start achieving them, decisions about where to live will fall into place as a natural extension of your life plan.
M.
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