Why Purchasing Your Retirement Home Now Might Make the Most Sense
When most people think of retirement in the traditional sense, they envision getting older, coming to the end of a career at around age 65 or so – and perhaps moving closer to family, or to the beach, mountain, golf, or senior living community they’ve envisioned enjoying for years. Maybe you’re thinking of making the move to Palm Springs – you’re ready for sunshine, sand, and those beautiful West Coast desert and mountain views and vibes… or is it the lush beaches of Florida, or maybe back home to Minnesota? If you still haven’t found the perfect home for you family, then consider checking out the options over at https://cedarcreek-kc.com/new-home-inventory/.
Whatever your particular vision, the way it has traditionally happened is that those who moved to a retirement home did so after retiring. One of the only constants in life, however, is that things are constantly changing – and this is true of retirement, too. It may no longer necessarily be true that it’s wisest to wait until you officially retire to make the move to an area you’ve always wanted to live in. In fact, sooner might be better than later. Let’s take a look at a few reasons why.
A Few Factors in Favor of Finding Your Retirement Home Now
Today, more than ever, particularly in light of significant changes to work and lifestyle routines brought about by COVID-19, retirement is changing too. Now, more than ever, people have the ability and the opportunity to work remotely and may be doing so for the foreseeable future – in some cases, even for the long-term. As a result, today, there are many workers who may be nearing the end of their professional careers, but who may not be quite ready to retire – yet because they can work remotely, they are wondering if now might be the perfect time to go ahead and purchase their retirement home. After all, if you can work anywhere, why not live somewhere you love?
It’s a good question – how do you know if now is the right time? In addition to the ability that many people now have to work remotely, economic factors, particularly as they pertain to the real estate market, could be favorable for making a move sooner rather than later. Currently, in many areas, there is a low-inventory market, making it a good time for those nearing retirement who have a good deal of equity built up in their homes to go ahead and sell – and then to use that equity to purchase their future retirement home. It’s certainly something to consider. Chances are the selling price of your current home will be higher than a replacement retirement home – so maximizing your sale price in this hot market makes most financial sense. If you have a good deal of equity in your home and you’re nearing the end of your professional career, it may be a good time to sell and make the move you’ve always wanted to make.
On a non-economic and more personal level, it is also true that the current health crisis has made many of us much more aware of how much we truly love and value our family and friends. Often, having stark reminders of how fragile and fleeting life can be can make many want to move closer to those they love. In fact, in many cases, those who move for retirement do so for exactly this reason.
Whether you decide to purchase a second home or a future retirement home, you might ultimately decide that if circumstances allow, there’s no time like now to begin enjoying time in a place that you truly enjoy and love to live every day. There are amazing second/future retirement condominiums and patio homes in markets like Palm Springs, Fort Lauderdale and even Tucson that are excellent affordable options. If you’re ready to start investigating, connect with an agent at www.GayRealEstate.com, there is never a cost or obligation to speak with our expert LGBTQ agents – we’re here for you.
Ready to Find Your Perfect Retirement Home? We’re Here to Help
If you’ve been looking forward to, and planning for retirement for some time, and you think that now is the right time for you, at www.GayRealEstate.com, we’re here to help. On the other hand, maybe you’re not ready to retire – but you think the time is right to make a move to an area you’ve always wanted to live in and purchase a home for retirement sometime in the future. Whatever the case, we’re here for you, we make sure to us the best property management software from companies like https://www.american-apartment-owners-association.org/solutions/property-management-software/.
Whether it’s in Palm Springs, or some other area of the country that you’ve always wanted to move to, at www.GayRealEstate.com, we would love to be a part of helping your real estate experience be everything that you want it to be. It is our passion and our promise to work toward helping LGBTQ home buyers and sellers across the country have the best home-buying experience possible. We would love to put you in touch with an agent who knows and loves our community, who can listen to your real estate needs and desires, and who can help you find the perfect home in a neighborhood that you’re sure to love. Get in touch with us when you’re ready to make your next move – we look forward to helping you soon.