The Checklist: For Your Retirement Home
Now that you know of the cities to retire to, here are some things you should keep in mind while finalizing a home. Listed here are some of the essential checks which you should keep an account for before finalizing your retirement home and place.
The Cost: A home loan is an option but you need to pay it off. Thus, draw a comfortable budget and stick to it. Since a significant chunk of your savings will be exhausted in buying an apartment, go for a project that offers the amenities you (really) need. Also, buying a larger space is not advisable for maintenance reasons.
Qualify of Life: If you enjoy the urban lifestyle, you might look for a place where you can easily walk to shopping centers, eateries, and community events. If you long for a quiet, peaceful environment, a small town or rural area might be better suited to your preferences. Wherever you go, “Make sure you’ll have access to people your age to build a new circle of friends,” says Pat Roque, a boomer and career pivot coach from New Jersey who purchased a condo in Myrtle Beach, South Carolina, two years ago to begin transitioning to early retirement.
Amenities: A project that offers ample open space would be an ideal investment. These days several real estate projects provide dedicated areas for senior citizens for socializing and have yoga and meditation centers for relaxing.