If you’re well established in your career, you may already be thinking about retirement. If you’re nearing or have already reached it; we want to say congratulations! Retiring is an exciting part of life, one you’ve probably been looking forward to for a while.
Do you know where you’ll be retiring to? Ultimately, where you live out your retirement should complement the retirement lifestyle you want to have. Many retirees, as they advance in age, want to stay in their own home (instead of moving to an assisted living facility.)
This is called “aging in place.” It’s a wonderful option for homeowners who have the means to stay in their home. If you’d like to buy the perfect home to retire in, continue reading for some tips.
The Benefits to Aging in Place
In many cases, staying in your home as you age can be less expensive than moving to an assisted-living facility. Plus, you have the added comfort of being in the home you know. Your friends and community are still nearby to take an active part in your life.
If you’re planning on aging in place, here are four things to keep in mind as you search for your dream home.
Opt For a More Accessible Home
Whether it’s a cozy single-family home in an active adult community or a first-floor master bedroom in a ranch-style home, your retirement home should be easily accessible.
Explore your options by searching homes for sale in the Albuquerque area. There are a wide variety of housing options available here.
Keep Developing YourPlan
How thoroughly have you planned your retirement years? It’s not enough to make on plan and stick with it, you should evolve your plan as your situation changes.
If, you start to need more care as you age, your plan should change to reflect that.
Ensure Your Home is Safe
Be sure the floors are easy to traverse, and free of clutter, and that everything is within easy reach in your dream home. Thoroughly check each room to be sure there aren’t any potential hazards.
As you get older, it’s also a good idea to install brighter outdoor lighting, secure handrails, and automatic hallway lights.
Work With an Experienced Realtor
When it comes to finding your dream “forever” home, you should work with a realtor who will prioritize your needs. Our mother-daughter team, The Feil Cabinet, is well experienced with buying and selling homes in Albuquerque for a variety of different people. Allow us to leverage our unique expertise to assist you in finding your dream home.
Get started today by searching for homes and looking at local neighborhoods. Please reach out to us if you have any questions, or simply need someone to chat with about your goals.
If you’re pre-approved for a mortgage when you make an initial offer on a home, it lets the seller know that you’re serious. In competitive markets like Albuquerque, sellers often prefer pre-approved buyers.
However, there are other things you should look atwhen deciding your budget. Take a hard look at your annual income, as well as your expenses. Try to determine how much money you’re comfortable spending per month on a mortgage payment. Our mortgage calculator can help with that.