Do you want more space when you retire?

June 24, 2020

Buying | Tips

When you think of the home you’ll retire in, a new house may come to mind. Or maybe you’re contemplating moving to your favorite vacation spot or somewhere closer to friends and family. 

With so many choices, how will you know what’s best for your lifestyle? 

Here are three questions to consider before making a move for retirement:  

1. Will you relocate? Maybe you have a favorite beach town in mind for your retirement, where you can relax year-round. If so, be sure to account for the price of moving and the costs of your new community. If the cost of living is higher, make sure you have enough money saved to live comfortably.

2. Should you downsize or upgrade? The kids have likely moved out, so you could opt for a smaller house or condo. But a more substantial property may offer additional space for visitors and hobbies. Think about what’s best for your family, then consider sitting down with a financial planner to evaluate your assets to be sure you can afford your options.

3. Is the timing right? If you’re not quite ready to retire but thinking about moving, it may be better to buy property while you still have a steady income. On the other hand, you can take your time looking if you start after you’ve left your job. Either way, explore your options to ensure you’re making the most of your investment and your retirement.

Is retirement in your near future? Are you ready to start looking for a new home? Reach out today to discuss your next steps.

By Tracie Hasslocher – Hasslocher Boutique Realty, LLC

Find out more about Hasslocher Boutique Realty, LLC here: https://traciehasslocher.myhomehq.biz/

Related Articles

5 Myths About Selling a Home Right Now

5 Myths About Selling a Home Right Now

Are you curious about the state of the housing market? Like many homeowners, especially potential sellers, you may be hesitant to make a move because there’s a lot of uncertainty and speculation these days.  But you don’t want to let false assumptions keep you...

read more
SABOR Agrees to Merge with Uvalde Board of Realtors

SABOR Agrees to Merge with Uvalde Board of Realtors

The San Antonio Board of Realtors approved the merger. 📷: KATIE BURKE | San Antonio Business Journal The San Antonio Board of Realtors announced that they will likely merge with the Uvalde Board of Realtors. This merger will be voted upon December 3rd. Continue...

read more
Countertops That Are Worth the Upgrade

Countertops That Are Worth the Upgrade

Updating your kitchen can be a smart way to increase your home's worth. In fact, Remodeling Magazine named a minor kitchen renovation one of the best projects to take on this year — and upgrading your countertops is a good place to start.  The right countertop...

read more