Date Posted: 2012-09-21 02:38:02
Site Posted: Myproperty.ph
When people are at their retirement age, one of the biggest changes that they make in their life is moving to a new home. There are those who require constant care for health reasons, so they opt to reside in nursing homes. But for those who are still in good shape, buying a home is an idea that they might play with, especially if they have the funds for it.
Buying a house will offer retirees a lot of benefits. For one thing, they’ll be able to rest in a home that’s all their own. For another, they can make appropriate changes to the property in order to make things easier to do. If you’ve decided to purchase a home for your retirement years, don’t forget to consider these factors:
1. Price – Have you saved enough in your retirement fund to buy a house & lot for sale outright? If not, can you afford to pay for a monthly mortgage with the money you have now? Make sure that you’ve considered how much a property costs these days and how fast or slow they appreciate. Also, remember that aside from the price of the home, you need to take into account other finances involved in a home purchase like property taxes, homeowners’ association fees and closing costs.
2. Neighborhood – When you retire, you want the assurance that you live in an area that’s secure, so remember to ask about the safety of the community. Keeping your well-being in mind, it would also be ideal to live in a place that’s quiet and basically free of pollution.
3. Location – If you’re a bit sensitive to low temperature, be sure to look at homes located in warmer areas. Moreover, since you might find it harder to travel far, find available properties that have easy access to medical facilities, banks, grocery stores and other establishments that you’ll need to go to regularly.
4. Size – You may be downsizing since your children won’t be living with you anymore, but don’t discount the fact that they’ll still be visiting often. Choose a home that’s small enough for you to handle, but still has room for overnight visits from relatives, or for when the time comes that you might need a live-in nurse or helper.
5. Features – When checking out a property for sale, it’s necessary to view its features with the future in mind. Since your health deteriorates as time goes by, you need to make sure that these elements won’t get in the way of your living comfortably. In ten years, will you still be strong enough to use the stairs unassisted? Should you need a wheelchair, will the doorways and halls be wide enough to accommodate one?
Anyone who has spent most of their lives working would want to put their feet up in a nice home. In choosing a house based on these guidelines, you can make sure that your retirement years will be a joy to celebrate.
Jillian Cariola, Writer
Image attribution
Thumbnail: Scott M. Liddell
This page: Zsolt Zatrok
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