I live in a private property. Are there ways for me to monetise my property without selling my home?
You can consider speaking with your financial institution or advisor on the available products in the market that allow you to monetise your private property to supplement your retirement income while ageing in place.
As with all important financial decision, it is important to understand the nature of the product and assess your own risk tolerance and retirement needs/preferences before deciding if the monetisation option is suitable for you.
Alternatively, you can consider renting out a spare bedroom, or your entire property if you have an alternative accommodation. This can provide you with an additional source of retirement income.
