8 Tips for Buying a Home for Retirement

Posted on Aug 5 2020 - 5:04pm by Jameson Doris
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By John William

There usually comes a time in a person's life when the hustle and bustle becomes less appealing, and one looks for a peaceful setting to live out their later years. When that time comes, a retirement home may feel like the ultimate blessing.

Related: 6 Perks of Rental Properties for Retirement Income

People living out their golden years deserve a forever home where they can spend their time the way they want. Plus, having a retirement home for oneself means you're the boss of everything. That degree of control over one's own decisions in life is important for many of us. Here are some tips for purchasing a retirement property:

1. A Location That Sustains Your Needs

As with all real estate purchases, location plays a critical role in deciding to buy a property for retirement. There are factors to consider like the climate/weather, availability of utilities and conveniences such as healthcare, shopping and entertainment venues.

2. Go for a Single-Story

If you need anything in your house, you don't need to climb any stairs to get to it. Avoiding the stairs and staying away from activities that ask you to shift up and down can prove to be quite beneficial in the long run. A 2018 NAHB survey revealed that 80 percent of baby boomers prefer one-story homes.

3. Showers vs. Bathtubs

You should consider a walk-in shower or a familiar type of bath style rather than traditional bathtubs or Jacuzzis. Having a bathtub/shower combo is much more preferable, as they allow an easy point of entry. Bathtubs can prove to be difficult to get in and out of as one gets older.

4. Bigger Hallways and Entryways

Tight hallways have never done anyone any favors. Look for a space that provides you with hallways and entryways that you can spread your arms in without butting into things or knocking items over unintentionally. According to Houzz.com, a generous measurement for hallways should have a height of more than 9 feet and width of 54 - 72 inches.

5. Space for Your Partner

Room for a significant other is what can make your house complete and transform it into a home. Regardless of age, people always seek out companionship. Space for a significant other in your retirement home should not be overlooked. Make sure there's room for two so that you and your other half can stay close to each other.

6. Remember Your Pets

Pets are the emotional sustenance we all need in our lives. Many simply cannot survive without their pets; such is the bond between them. Even with their non-spoken relationship, there is so much more they add to our existence.

A retirement home without your pet would surely feel empty. Plus, who in this world would even wish to part with a dear friend just because their new home wasn't big enough to let them stay.

7. Take Mobility Into Consideration

Retirement doesn't mean isolation from society. There are still going to be a lot of dinner parties and other events that you'll likely want to attend. Theater, music, fine art and a range of activities await you, which is why many look into retirement homes that offer an easy commute to the city you intend to visit. Whether it's private or public transport, mobility should always be considered.

8. Home Security

Even if theft isn't a concern, home security is also used to safeguard you against mishaps. There are services available that can send help within a couple of minutes by simply pressing a button.

There are many things to consider when buying a retirement home. Take your time and discuss it at length with your partner, because only you two should decide where and when to buy a retirement home.

John William currently works as an interior designer at Crowd Writer as well as a trainer at Student Essay, where scholars can acquire a professional research proposal writing service from experts. In his free time, he likes to spend quality time with his family, friends and loved ones.

 

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