Smaller apartment in old age: how does bridging finance work? – Business

The children out of the house and the garden are increasingly difficult: at some point, many people want to move into a more compact apartment. Why bridging finance can help – and what else you should pay attention to.

For many older couples in particular, their homes will at some point become too big. The children have moved out, some rooms are hardly used any more, and the garden is increasingly troublesome. Reliable people who clean the house and look after the garden only cost money. Then the consideration quickly arises to “downsize” for old age. For owners of a house in particular, a good opportunity to implement this wish with bridging finance is offered when selling them. The side effect: after the sale there is usually more money available.

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