A happy, healthy, and safe retirement is something most people spend their entire lives working toward, so it’s crucial to live in a home that meets all of these standards. Moving can be a stressful time and isn’t a decision that should be made lightly. Here are some tips to get the process started.
The Right Timing
Although it may seem the first step to moving into a new home during retirement would involve the home itself, it’s essential to make prior decisions. There are many factors to consider before moving. In general, most people decide to wait to relocate until their children have moved out of their home. Other factors to account for include current home upkeep, present location value, and home equity.
Sizing It Up
Once the timing is opportune, one of the first questions to consider about relocating is the size of the desired home. It’s a misconception that many retirees decide to downsize, as a 2017 report from the Center for Retirement Research found that only about 3 percent of homeowners plan to downsize in retirement. If you wish to host friends and family in your new home, don’t feel pressured to opt for a smaller floor plan. It is important to consider how much usable space is required in any home plan, as well as the amount of upkeep one desires to stay on top of a larger home.
Smart savers may retire at a young age, but it’s never a bad idea to have built-in practical features in a retirement home. Aspects such as step-in showers and single-level living are a big selling point for many retirees. Some may even choose to build their own retirement home to ensure all their desired features are available.
Location, Location, Location!
It’s easy to find the perfect home or the ideal location, but it’s more difficult to find the intersection between the two. Although finding a good school district or local activities may be necessary for those with young children, looking for a retirement home is often more about being near family, health care, and enjoyable activities. Golf course communities or properties with waterfront access can make every day in retirement feel like a vacation.
Though seeking a retirement home can be overwhelming, having the right allies can make all the difference. Charter Building Group wants to help! Call us at 910-769-2440 or fill out our contact form today!