Guest article by Jim Vogel
Photo courtesy of Unsplash by Angelina Litvin
Growing older is often something people complain about or even fear. It doesn’t help that stereotypes and misconceptions about getting older seem to be rampant within our society. Luckily, the truth is that aging doesn’t have to be something that we dread. In fact, it brings many newfound freedoms and benefits.
For many seniors, retirement age means that we can finally do all the things we’ve been fantasizing about for decades. We can move into that dream home by the beach (or in the mountains). We have newfound time to see the world in ways we never could while we were working full-time jobs. Now that our children are grown and gone, we can reconnect with our spouses and friends.
Are you looking to purchase a home in your Golden Years? Here are five pieces of advice to help you become more successful in your journey to homeownership:
- Overcoming the Obstacles to Homebuying
There are some particular financing challenges you might face when purchasing a new home as a senior. Regardless of age, it’s important to know your rights as a homebuyer and to ask the right questions. Seniors in particular may qualify for special housing grants, supportive housing and other assistance. Just be wary of any scams or con artists, who unfortunately are known to prey upon seniors in particular.
- To Buy or Not to Buy?
Is it better to buy or to rent your home? People of all ages seem to struggle with this question. Because affordable rental property can be difficult to find, many seniors opt for purchasing their own home instead. Of course, with any major purchase, you’ll want to consider your own unique needs. Experts recommend crunching numbers for both options before determining whether renting or owning works best for your personal situation. When making your decision, it’s important to consider your cash flow as well as how long you intend to stay in that same location.
- Consider Your Needs
When the search begins for your new home, keep in mind important things like whether the master bedroom is on the first floor. Do you want to have two stories or is it better to consider a one-story home? It’s also a good idea to consider what’s nearby. How close will you be to the grocery, your doctor or dentist, or an accessible bus line? Take the long view assessing your current needs versus your future needs.
- Planning Your Big Move
To avoid potential injuries and damaged items, you should probably consider getting others to assist you on moving day. Family, friends and other loved ones are an obvious choice. If you’ve been unable to recruit friends and family for help, don’t worry. Another great option is to hire professional movers. Professional moving crews can help you with all aspects of the move, from packing to transportation to heavy lifting. They have the right equipment, skills and training for the job. This allows them to complete the moving day process quicker, easier and with less stress – so you can get settled into your new home sooner.
- Prepare Yourself for Change
It’s easy to get caught up in the excitement and busyness of buying and moving into a new home. You can become so involved with the packing and moving that you forget the time will come to say goodbye to the home you’ve lived in for so many years. Take time to reflect when you can so that it doesn’t hit you quite as hard when the moment arrives for you to hand over the keys.
Your retirement years can be some of the happiest and most fulfilling years of your life. You still have many years of freedom ahead of you, so why not spend your time living where you’ve always wanted to live? By moving into your dream home during this stage of your life, you are setting yourself up for really enjoying your Golden Years. Good luck in this exciting new chapter of your life!