Many long-term homeowners in Denver believe that staying in their paid-off (or low-rate) home is the cheapest option. But a new analysis on Trapped Equity reveals the hidden costs of aging in place.
- Deferred Maintenance: Big houses need big repairs. A new roof or HVAC system on a 3,000 sq ft home eats into your retirement savings.
- Utility Inflation: Heating and cooling empty rooms is a monthly tax on your income.
- Opportunity Cost: Your equity is "lazy money." Sitting in the walls, it earns 0% interest. Liquidating it could fund your retirement income.
Is your home an asset, or an anchor? Let's review your equity position today.
