Buying a home when you're over the age of 55 comes with special considerations. Even if you are still active and in great health, it's a good idea to plan for the future when you may have decreased mobility. In addition, many seniors find that downsizing makes sense as they get older and no longer want to maintain a large home, while other seniors choose larger homes for the versatility. Here are a few tips for buying a new home as a senior:
Buy a Home That's Safe
As a senior, your well-being and safety should be paramount. Avoid the house with a rickety old staircase in favor of an open floor plan ranch that will make getting around easy even as you get older. Look for a safe neighborhood and a home that has plenty of natural light. Wide door ways and exterior doors that don't involve stairs will be helpful if you, your spouse, or visiting friends are ever in a wheelchair.
Carefully Consider the Size You Need
How much space do you really need to be happy? Many seniors find downsizing to a smaller home appealing, especially if they live alone. Living in a smaller space means less cleaning and maintenance, and gives motivation for de-cluttering and paring down excessive belongings.
On the other hand, if your adult children and grandchildren plan to live with you either in the short or long-term, you may want to look for a more spacious home that will give everyone enough privacy. Some seniors rent out mother-in-law cottages or basement apartments as vacation rentals for extra income, which can help cover the cost of your mortgage.
Consider an HOA Community
Moving into a community managed by a Homeowners Association (HOA) involves paying a monthly fee, but the benefits for seniors can really make it worthwhile. Many HOA communities provide their members with services including snow shoveling, lawn mowing, and basic maintenance. You will rest easy knowing that your yard and sidewalk will be nicely maintained and taken care of, even if you are ill or have limited mobility.
If you are retired, joining the HOA can give you something interesting to focus on and be a way to make new friends in your neighborhood. Your wisdom and life experience will make you a valued decision maker.
By following these tips and working with a real estate expert with 55 plus expertise, your home buying process will go as seamlessly as possible.
Hi, my name is Jessica Williams. Thanks for stopping by my website. I have moved a number of times and in three cases I have had to sell a house. The first time I sold a house I listed it with a real estate agent. The second time I did it myself. The third time I listed with a realtor. You can probably ascertain from this information that I found listing with an agent the better route. I managed to sell my house by owner that one time, but never again. There is too much involved and too great a risk for errors. There’s a bunch of paperwork and preparation that goes into selling a house, more then I imagined. My goal here is to share my experiences with you. My hope is to make your experience as pleasant as possible.