A large portion of people aged over 40 move to a new area that offers more to do in the way of activities and shops. "Create a list of the most important aspects of your new home," advises Rich.
"If you've lived in the same house for 30 years, there is sure to be plenty of 'stuff' breeding in the cupboards that you don't need any longer – start decluttering and recycling early," advises Rich.
"Appraise the value of your chosen property carefully before making any offers," says Rich.
Of course you might absolutely adore a property and be emotionally invested, but it's important to remain as level-headed as possible during the downsizing purchase process. "Don't make an emotional and rushed decision and then pay too much," insists Rich.
"Don't skimp on getting building or body corporate searches complete before you agree to a purchase contract and get locked into an undesirable situation," says Rich.
It might seem obvious, but take care not to go over your limit at an auction or let emotion drive your bidding.