Leave a Message

Thank you for your message. We will be in touch with you shortly.

The Benefits of Downsizing When You Retire

Noopur Gupta June 4, 2024

 
If you’re taking a look at your expenses as you retire, saving money where you can has a lot of appeal. One long-standing, popular way to do that is by downsizing to a smaller home.
 
When you think about cutting down on your spending, odds are you think of frequent purchases, like groceries and other goods. But when you downsize your house, you often end up downsizing the bills that come with it, like your mortgage payment, energy costs, and maintenance requirements. Realtor.com shares:
 
“A smaller home typically means lower bills and less upkeep. Then there’s the potential windfall that comes from selling your larger home and buying something smaller.”
That windfall is thanks to your home equity. If you’ve been in your house for a while, odds are you’ve built up a considerable amount of equity. And that equity is something you can use to help you buy a home that better fits your needs today. Daniel Hunt, CFA at Morgan Stanley, explains:
 
“Home equity can be a significant source of wealth for retirees, often representing a large portion of their net worth. . . . Retirement planning can be complex, but your home equity shouldn't be overlooked.”
And when you’re ready to use that equity to fuel your next move, your real estate agent will be your guide through every step of the process. That includes setting the right price for your current house when you sell, finding the home that best fits your evolving needs, and understanding what you can afford at today’s mortgage rate.
 

What This Means for You

If you’re thinking about downsizing, ask yourself these questions:
  • Do the original reasons I bought my current house still stand, or have my needs changed since then?
  • Do I really need and want the space I have right now, or could somewhere smaller be a better fit?
  • What are my housing expenses right now, and how much do I want to try to save by downsizing?
Then, meet with a real estate agent to get an answer to this one: What are my options in the market right now? A local real estate agent can walk you through how much equity you have in your house and how it positions you to win when you downsize.
 

Bottom Line

Want to save money in retirement? Consider downsizing – it could really help you out. When you’re ready, let’s connect about your goals in the housing market this year.

Recent Blog Posts

Stay up to date on the latest real estate trends.

More Starter Homes Are Hitting the Market
When Will Mortgage Rates Come Down?
Sell Your House During the Winter Sweet Spot
Should You Sell Your House As-Is or Make Repairs?

Home Selling Tips

How To Get Your House Ready To Sell in 2025
What’s Behind Today’s Mortgage Rate Volatility?

If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, wh… Read more
More Homes, Slower Price Growth – What It Means for You as a Buyer
Tips for Buying a Fixer Upper
Avoid These Top Homebuyer Mistakes in Today’s Market
View All
subu redfin
Pratima Gluckman
WHAT MY CLIENTS SAY

While working with Noopur, I realized she's the perfect blend of big-tech professionalism combined with passion for real estate. Her product manager background truly shone through. Noopur was incredibly systematic, her analyses of homes and prices were spot-on, and she kept everyone informed with clear next steps. Additionally, as a seasoned real estate investor herself, Noopur's knowledge went far beyon...

— Devesh Y.

WHAT MY CLIENTS SAY

We wanted to take a moment to express our deepest gratitude for all the hard work, dedication, and expertise you have put into helping us find and close our future dream home. Working with you throughout this journey has been an absolute pleasure, and we are overjoyed with the outcome. Your promptness and responsiveness was what set you apart from others. Even during the closing process, we truly appreci...

— Buyer

WHAT MY CLIENTS SAY

We recently bought our home with Noopur in San Jose. It was a great experience working with her, having her in the house hunt journey has been comforting and a fulfilling experience! She does her fiduciary duty at all times by advocating for us as a buyer with full transparency. Also helped us with figuring out investment strategies as we were moving up. She is very dedicated, thorough, patient with a...

— Buyer

WHAT MY CLIENTS SAY

Even though we weren't first-time homebuyers, my wife and I still needed a lot of guidance navigating this competitive market. Noopur was an absolute rockstar! Her knowledge of the local market is top-notch. While we had some experience, the market had changed significantly since our last purchase. Noopur expertly brought us up to speed and identified homes that fit our evolving needs and preferences. S...

— Ranjan N.

WHAT MY CLIENTS SAY

My experience with Noopur was outstanding. She exuded trustworthiness from the start, ensuring transparent communication and always prioritizing my best interests. Their negotiation skills were top-notch, securing favorable terms while maintaining positive relationships with all parties involved. Noopur was incredibly efficient, never missing a beat in the fast-paced real estate market. Her passion for ...

— Chaitali I.

WHAT MY CLIENTS SAY

Noopur Gupta is a top-notch real estate agent who knows a lot about the local market, communicates well with her clients, and acts professionally. She is honest and reliable, good at negotiating, and quick to respond. Noopur loves her job and works hard to help clients, offering useful advice and making the whole process smooth and enjoyable. I would recommend Noopur to anyone looking to buy their dream ...

— Prasanth S.

WHAT MY CLIENTS SAY

Noopur Gupta played a pivotal role in helping us discover our first real estate property, and our excitement knows no bounds. Being first-time real estate investors, we initially found the process quite intimidating. However, Noopur stood by us through every phase. She was consistently available to address our questions, offer reassurance, and provide valuable suggestions. With an extensive network of co...

— Pratima G.

WHAT MY CLIENTS SAY

Noopur did an outstanding job in finding us our new vacation home. She is very thorough, and stays on top of everything. She showed us many good options, and laid down the pros and cons. She has great negotiating skills. I would work with her again in my future ventures.

— Buyer

WHAT MY CLIENTS SAY

I had the pleasure of working with Noopur as my realtor, and I cannot say enough good things about her. Noopur was incredibly on top of communication throughout the entire process. She went above and beyond to ensure that all parties involved were kept in the loop, and was transparent and honest in all communication. One of the things I appreciated most about working with Noopur was her willingness to he...

— Shashidhar D. | Buyer

WHAT MY CLIENTS SAY

Noopur, our exceptional real estate agent, made our search for a vacation home in Monterey County an absolute breeze! Her diligence, extensive area knowledge, and meticulous research truly set her apart. Noopur's deep understanding of the Monterey County area was evident as she guided us through a variety of beautiful properties. What truly stood out was her transparent approach – she walked us through ...

— Buyer

WHAT MY CLIENTS SAY

We loved working with Noopur on our recent home purchase. She is very experienced and savvy about real estate investments and made a complex process fairly easy. Noopur has a great understanding of the entire home buying process and is very knowledgeable of the area. We had a few challenges during the closing process, but she advised us and kept us informed each step of the way minimizing our stress. N...

— Anu T.

WHAT MY CLIENTS SAY

We are out-of-state investors. Noopur Gupta knows Bay area and Marina like the back of her hand. She pinpointed neighborhoods with serious growth potential that fit my investment goals. In this game, local knowledge is power, and Noopur has plenty of it. It's rare to find a realtor with such a combination of local market knowledge, professionalism, dedication, and personalized service. I wholeheartedly r...

— Shaachi G. | Buyer

WHAT MY CLIENTS SAY

Noopur did an amazing job helping us find our home and at a great price! Her expertise in researching on the property, consistent communication with the listing agent and transparency in communicating with us at each step were huge pluses and built our trust on her. Noopur was very confident negotiating a good price. She was very responsive and available whenever we needed her, be it setting up home view...

— Arch A, | Buyer

WHAT MY CLIENTS SAY

Noopur did an outstanding job of assisting us with the buying of our house. Her expertise in the market's geographic area was good. She was very much involved in all aspects of closing. Her attitude towards everyone was friendly and responsive. Noopur carried out all the procedures painlessly and stress free for all of us. She was knowledgeable and was very hands on throughout the entire process. Thanks ...

— Manali D. | Buyer

WHAT MY CLIENTS SAY

Noopur did an outstanding job assisting us with the purchase of our first home. Her passion and expertise in real estate shone through every step of the way. She patiently guided us through the entire process, offering invaluable advice during the bidding phase and maintaining exceptional communication throughout. Looking back, Noopur's empathy and commitment to us were particularly commendable. She took...

— subu redfin | Bought a Single Family home in 2024 in Lorelei manor, Menlo park, CA.

WHAT MY CLIENTS SAY

Noopur Gupta played a pivotal role in helping us close our dream home and first real estate property, and our excitement knows no bounds. Being first-time real estate investors, we initially found the process quite intimidating. However, Noopur stood by us through every phase. She was consistently available to address our questions, offer reassurance, and provide valuable suggestions and always goes abov...

— Pratima Gluckman

View All

Work With Noopur

My goal is to make the home buying/selling experience for my clients least stressful possible. I provide them resources, knowledge, insights, trusted consultants for finances, property management, vendors etc.

Let's Connect
Get in Touch
Contact Details

Noopur Gupta | CA DRE# 02199446

(650) 800-3793

[email protected]
Schedule a Call



1377 El Camino Real 
Menlo Park CA