Retirement Plans: Choosing Where to Live | Coldwell Banker Hartung, Inc., REALTORS

Retirement Plans: Choosing Where to Live

 

Retirement or pre-retirement time in a senior’s life can spark a number of questions. Should you downsize? Upsize? Move to a senior community? You might even consider moving to a new location outside of your present town or city to be closer to family. There are many options, each depending on your wishes and lifestyle. To help you get started making these decisions, we have highlighted some factors to keep in mind, as it relates to housing. 

Family

If your family continues to play a major role in your life, you might need to have an extra bedroom, or a play area for grandchildren visits. If you will be living in a multigenerational home, then accommodations may need to be made for separate living areas for yourself, or the other family members who will be living there. 

Travel

Let’s say that you dream of doing more traveling, but still want a place that you call “home.” To make traveling easier, a property that takes care of itself is a good option. Look for a home that needs minimum maintenance, (think newer construction and a small yard). Townhomes or condos with homeowner associations are also a good choice. 

Social

If you thrive on social activities, active adult communities or age-restricted communities may be just what you need for a happy retirement. These communities have full schedules of activities and events! Often they provide buses to take members to community activities such as symphonies, adult education opportunities, or day trips to neighboring towns or communities. 

Staying Home

If staying in your current home is a priority for you, consider making arrangements to age in place. Some things to remember when preparing your home for your golden years are:

1. Is it a one story home?

2. What is the home’s proximity to shopping, doctor’s offices, grocery stores, etc.?

Once you have thought about all this, then it is time to start making any necessary adjustments that will make it safer and more enjoyable as you age in your home. 

For instance, if you love to cook, or entertain, then you will need adequate space indoors and out. If your present kitchen isn’t up to snuff, start replacing appliances that are older and replace them with energy efficient ones; install pull out shelves on lower cabinets; replace an overhead microwave with a drawer microwave, or even a counter top one. Wall ovens are a great option if you have the space to accommodate them. 

Another example of preparing your home is if you are still working and will continue to work, consider making an office out of a spare bedroom that is seldom used. This spare room could also be used for hobbies, such as painting, or crafts. Reorganize your garage if you want to do woodworking, or make space to store large equipment, like lawnmowers and the like. 

Ultimately, just take it one step at a time, and you will be prepared to enjoy your decision for years to come. For more information about modifications you can make to your home as you get older, check out our blog post here

Ann Cleare
Realtor Emeritus


Ann’s Notes
(850) 544-0109
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