Forget ‘Location, Location, Location’ When Making Retirement Housing Decisions

Forget ‘Location, Location, Location’ When Making Retirement Housing Decisions
When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district. The right location may also mean the most potential for capital appreciation, an important consideration when the...

‘Aging Friendly’ Improvements for Most Every Home Remodeling Project

‘Aging Friendly’ Improvements for Most Every Home Remodeling Project
21 solutions from a builder who wishes he'd followed his own advice I’ve been a professional remodeling contractor for more than 30 years and have extensive experience doing aging-in-place renovations and home modifications. When my wife and I remodeled our home, we added an office above the garage. A few of the features we added were done "just in case" the space ever needed to become an apartment for one of our parents. That option became a reali...

Tips for Seniors Selling your Home

Tips for Seniors Selling your Home
Overcoming the challenges of selling your home We've all heard the phrase, "Home is where the heart is." And for those who have lived in their homes as long as 40 or 50 years (or longer!), these words especially ring true. Which makes the thought of leaving the home we know behind terribly difficult. Home is what we know However, as we age, our homes may no longer fit our needs. What was once an ideal setting for raising children is now a burden to navi

Creating an Older Adult-Friendly Home

Creating an Older Adult-Friendly Home
From the desk of Trilogy at Rio Vista REALTOR Ralene Nelson: Because I work with Boomers moving into retirement homes - just thought I would share this article on older adult friendly homes. According to the Population Reference Bureau, the number of Americans age 65 and older is projected to more than double by 2060 — from 46 million to more than 98 million. And with an increasingly aging population comes the need to modify homes to suit that demograph

Pre-Retirement Checkup: What You Should Do in the 5 Years Before You Retire

Pre-Retirement Checkup: What You Should Do in the 5 Years Before You Retire
Spend this crucial period securing your savings and testing out the reality of your retirement plans. For people who turned 60 this year, retirement is beginning to come into sight. The question is, are they actually ready for it? “Your age isn’t what you should be relying on to determine when you should retire,” says Walter Updegrave, an author and journalist who runs the site Real Deal Retirement, which links to a number of calculators that l...

How to Choose the Perfect Retirement Home for You

How to Choose the Perfect Retirement Home for You
From the desk of Trilogy at Rio Vista REALTOR, Ralene Nelson: Just thought I would share with you these 10 things to consider when purchasing the home you will retire in. Once their children grow older and leave home, many people start looking for a new house. This might happen at retirement, or even sometime before, but this home purchase will likely be the last for most. This search may be very different from previous ones. When searching...

Do’s and Don’ts of Downsizing Your Home

Do’s and Don’ts of Downsizing Your Home
From the desk of Trilogy at Rio Vista REALTOR, Ralene Nelson: Follow these rules for unloading your possessions and finding the right next home. The kids are grown and out of the house and maybe even having kids of their own now. The home you’ve had for a couple decades has served you well, but suddenly it’s a bit big for what you need. When you’re still working and healthy, it might be the right time to consider downsizing to a smaller home and...

Your Pre-Retirement Checklist

Your Pre-Retirement Checklist
From the desk of one of Rio Vista's top REALTORS, Ralene Nelson: I ran across this Pre-Retirement Checklist and thought it might be helpful to all of you baby boomers... Everything you need to do to be ready for retirement. Does it seem like your finances keep getting more and more complicated? It seems that way because it's true. And that means that you need to keep things organized. Not only for yourself, but ultimately for your children. It's not

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared

How Retired Homeowners Can Avoid Running Out of Money: Alternative Strategies Compared
From the desk of Rio Vista Realtor Ralene Nelson: Just thought I would share this article by Jack Guttentag on three ways to use an HECM (Home Equity Conversion Mortgage). The combination of increased longevity and declines in the coverage of defined benefit pension plans means that increasingly retirees risk running out of money because they live too long. Those who have significant equity in a home, however, can reduce or eliminate the risk if the...

How to choose the best place to retire

How to choose the best place to retire
It seems like every time you go online or open a magazine, there’s a new ranking of the ideal places to live or retire. Money magazine just came out today with its annual list of “America's Best Places to Live,” featuring what it deems the 50 best small towns in the nation at any stage of life. (No. 1: Sharon, Mass.) Then there's Forbes, AARP and Topretirements.com, which compile their favorite retirement locales in the country. International ...