Buying a home for retirement typically comes with a lot of mixed feelings. Many families choose to downsize after the kids leave the home and they?re ready to retire, when they won?t need all the extra space and would prefer a smaller home that?s easier to maintain. But when you?re buying for retirement, there are also some questions you?ll need to ask yourself that might bring up some uncomfortable thoughts. Be prepared for this when you?re shopping for a retirement home, and find the right home in the right place to see you through the next phase of your life.
Consider the Layout of the Home
When you?re buying a home for retirement, you have to consider not only your needs now, but your anticipated needs for the future. Most of the time, the home you buy for retirement is the home you?ll live in for the rest of your life. Even if you?re feeling spry and lively at retirement, you might not want to climb stairs or deal with other challenges as you age. Consider the layout of the home and think about how you?ll want to live in the coming years.
Consider the Region and Neighborhood
Many people live in a certain area because that?s where their job is. If you?re buying a retirement home, you don?t have to buy near your job ? you?ll be retired! Think about where you want to spend the next phase of your life. You may still want to stay where you?ve lived for the past 10 or 20 years, and where you have friends and family. But many people choose to live where there?s warmer weather or easier access to amenities they want to enjoy during retirement. Think about the region and the neighborhood where you?re shopping for retirement homes, and ask yourself if it?s where you want to live.
Source: http://maryland-home-mortgage.net/2012/08/07/buying-a-home-for-retirement/
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