Only you know where you are (in equity) in your current home. If the numbers are right and the price of a smaller home is right, it may be advantageous.
Consider what you will have to have in your smaller home- any extras you will need or want to add should figure in your numbers, like window treatments, painting, screen door, drawer pullouts- stuff like that. Also figure the bond in the equation, if there is one.
Going smaller does make some dent in operating costs, but small is small.
You have to be ready for that.
If you can, take your time to imagine what it would be like to eliminate at least half of the volume of things you have now and also at least half of the storage areas and 'wiggle room' around furniture.
I'm sure you will make the choice that is right for you.
We have a CYV. There are two of us. We adapted well, but it was and is a challenge.
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