Why Do many people buy larger houses after they retire and the children have left home?

More parents down-size to a smaller house once the children leave home if they would like to travel or do not want the upkeep of a larger home. By selling a larger home for a good market value and buying a smaller home they are saving a lot of money. Some parents may well choose a larger home for reasons of their own or they may feel they want to have more room for future grandchildren staying overnight or, the parents have saved their money and raised their children in a small home and feel the need for a larger home with more space.