Retirement offers an opportunity to re-think your finances and your lifestyle to allow you more time to do the things you love, rather than just the things you have to do. Many individuals near retirement age begin thinking about downsizing their living quarters, to avoid burdensome home maintenance tasks and expenses. This measure allows them to free up the time and money for travel, visiting family, satisfying hobbies and other activities. Here are a few options to consider when you are arranging your housing for your retirement years.
Many retirees see the value in downsizing to apartment living, passing the problem of maintenance costs to the landlord. This option allows retirees to avoid the worry of arranging contractors for repairs and routine maintenance of their building.
Condominiums also offer the avoidance of building repairs that eat into retirement budgets, but still offers many of the benefits of home ownership. Condominiums communities may offer amenities such as swimming pools, fitness centers and meeting rooms.
Downsized Single Family Homes
Some retirees choose to stay in their hometowns, but in smaller homes that suit their retirement needs. Real estate agents can provide information on the availability of smaller homes in your community.
Custom Home Styles
Some interesting home styles are coming onto the market that can offer retirees customized living spaces to suit their individual needs. Farmhouse styles and “barn house” styles are becoming popular because of their prices and ability to be adapted to special requirements. Real estate professionals, such as Rostrata Builders, can provide information on these new options for housing.
Senior Living Communities
Some retirees may want to consider any of the designated “senior living communities” that are now available across the country. These communities offer a range of graduated options for seniors, including independent living, assisted living for those who need some help with everyday tasks and nursing home care for the future. They often offer a number of amenities, such as social centers, transportation to shopping venues and group activities.
Finding the right living situation can take considerable thought and research that shouldn’t be rushed. Retirees should consider space requirements, maintenance and how the housing can accommodate transportation needs. Those with medical problems may also need to consider accessibility issues and the proximity of doctors and hospitals. Once you have decided on the type of housing needed, you can begin to refine your search within the communities that can accommodate these needs. Give your search sufficient time, and you will find the right property that you can call home for your retirement years.