Retired? A Few Things to Consider When Buying a New Home

Retirement - Atlanta Real Estate

If you are nearing retirement age or you are already retired, then it is important to consider the type of home that you want to enjoy during your retirement years. Many people are surprised by their home preferences as they get older, and these are a few of the top requirements of retired home buyers:

Single Floor Living

Knee and hip problems can make it hard to climb the stairs, which is why many retired home buyers prefer single floor living. Instead of climbing the stairs every day, there are many benefits to living in a rambler that has all of the living space on the same floor.

Do you currently live in a home with stairs? Those stairs will be harder and harder to navigate as you get older, so you might think ahead by looking for a living space without stairs.

Low Cost of Living Areas

Since you will be living on a fixed income during retirement, you need to look for ways to lower the cost of living in order to maximize your retirement benefits as much as possible. With the right planning, it is possible to pay off your mortgage before retirement, which is beneficial to improve your lifestyle as you are enjoying retirement.

One of the best ways to stretch your dollars is to consider the area where you will settle down. Since you don’t need to worry about a commute to work, you will have more flexibility in the neighborhoods where you might choose to live. Search for homes in low cost of living areas, which will allow you to get a nicer home for the same price that would have been required in a high cost of living area.

Home Maintenance

Even if you enjoyed yard work during other stages in your life, most people in retirement prefer to minimize the amount of home maintenance that will be required. You might consider buying a home with a Home Owner’s Association which takes care of the yard work and general maintenance. Or, if you are living in a neighborhood without an HOA, you should consider hiring a landscaping company to take care of the ongoing yard maintenance tasks.

Also, consider the size of your home and the indoor maintenance tasks that will be required. Bigger homes require more maintenance and cleaning, so it makes sense for many people in retirement to downsize their home in order to reduce the ongoing cleaning and maintenance. If only one or two people are living in the house, then you probably don’t need the space that was required when you were raising your family.

At Duffy Realty of Atlanta, we can help you find a great home to enjoy during retirement. For more information about Atlanta real estate, contact our experienced team right away. We can help you find the perfect home to meet your needs: (678) 318-1700

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