Buying a retirement property? 6 things to consider before pulling the trigger

Buying a retirement property? 6 things to consider before pulling the trigger
Every day in America, nearly 11,000 people turn 65. Take a second to think about that — 11,000 every day, and it’s not slowing down anytime soon. The last “baby boomer” will reach 65 in the year 2029. People are also living longer and staying healthier and therefore spending more years in retirement. So it’s becoming more and more critical to think about retirement now — including where (and how) you’re going to live. Just like with any property search,

Ready to Retire? It’s Time to Plan Your Exit Strategy

Ready to Retire? It’s Time to Plan Your Exit Strategy
Take steps before your retirement party to get all the perks coming to you. Preparing for retirement means saying goodbye not only to your co-workers and a steady paycheck, but also to employer-provided benefits such as health insurance and a 401(k) match. Before you head out the door, it pays to squeeze a few extra bennies from your boss. Time it right. Companies use various timetables to match employee 401(k) contributions and dole out profit-s

Planning for Retirement; The Relocation Decision

Planning for Retirement; The Relocation Decision
A change of scene can be good for your well-being Moving can improve your psychological well-being, even if it is forced by an unexpected event. To move or not to move, when you retire — that's a big question. If moving seems sensible, then where? And what will it cost? The vast majority of new retirees plan to stay in their own homes. But circumstances change. You might be widowed, your spouse might get sick or you simply might get tired of...

Relocating In Retirement: Don’t Make These Common Mistakes

Relocating In Retirement: Don’t Make These Common Mistakes
While most Americans show a desire to age in place, retirement can also be the ideal time to sell your home and relocate or downsize. Kids are typically grown up and moved out of the home, and the need to be close to work is gone, so many seniors use retirement as a catalyst for relocating. Some relocate because of a lifestyle or climate change, others want to be to family, and others due purely to financial circumstances. Whatever the reason, retirees ap

Aging in Place

Aging in Place
Homeowners are getting older, and to continue on in their current house, improvements are necessary. “Aging in place,” however, is not just about adding railings and ramps—in fact, 46 percent of homeowners aged 75-plus began improvements early with the expectation that they would grow older, but stay put, according to a HomeAdvisor report. The most common remodels, the report shows: Add Lever-Style Doorknobs Add Pull-Out Shelves ...

How to Actually Afford to Buy A Home in America

How to Actually Afford to Buy A Home in America
Home buyers today face tough challenges—housing prices have soared, a dollar doesn’t go as far as it once did and rent is more expensive than the past. How are people today making such a large purchase in spite of these hurdles? With more flexibility and a bit of creativity when it comes to financing, today’s buyers are finding ways to achieve homeownership. Know Your Options (And Credit Score) To even begin the home buying process, it’s important to kno

Saying Goodbye to a Beloved Home

Saying Goodbye to a Beloved Home
Even if you want to move, making the transition isn’t always easy. A home can feel like a beloved member of your family. After all, it’s the haven you return to after a difficult day, kicking off your shoes and breathing a sigh of relief. Even if you want to move, saying goodbye isn’t easy. Here are some ways to make it easier to let go. 1. Make a photo album If you’ve staged the house for sale, it’s never looked better. The paint is fresh,

California Dreamin’: Voters’ Decision Could Free Up More Homes for Sale

California Dreamin’: Voters’ Decision Could Free Up More Homes for Sale
A California ballot initiative, if approved by voters in November, could add a swell of homes to the Golden State's ridiculously tight housing market. The Property Tax Fairness Initiative would make it much more affordable for homeowners who are aged 55 and older, disabled, or in natural disaster–ravaged communities to sell their current home and buy a new one within the state without being hit by crushingly higher property taxes. This could encourage o...

How to Set a Home Renovation Budget

How to Set a Home Renovation Budget
Before you start picking out tile and paint chips, be sure you know how much it will cost to remodel your house. Ready for a kitchen renovation? Anxious for a bathroom remodel? The easy part is knowing your goal for home remodeling — whether you’re trying to keep up with your growing family, add office space, or increase your home’s value. But figuring out how to plan a home renovation that doesn’t break the bank can be tricky. Her...

Boost Your Property Value: 4 Smart Features Worth Adding

Boost Your Property Value: 4 Smart Features Worth Adding
Your home may be your castle – but what that means for each person can be very different. Some people prefer light colors, some dark. Some want a location that lets them walk everywhere, while other people want to live far away from the hustle and bustle. However, there is one point that many homebuyers do agree upon: smart home technology. Adding smart home technology solutions doesn't just make your home more covetable – it can increase the demand for an...