If you’re thinking of moving in retirement, there are a lot of factors to consider when it comes to finding the perfect place to live. If you’re looking for tips and ideas on how to find the right place for you, look not further!
Here are six of the most important tips on choosing to perfect home for retirement:
- Move early in retirement
The age at which you retire depends heavily on a number of different personal and professional factors. That being said, moving into your new home as early in retirement as possible is always a great call. The reason is because it offers you an opportunity to map out your needs and desires both now and in the future, and will maximize your buying power before inflation has a measurable impact on the nest egg you have saved up over the years.
- Determine your needs
This is another great tip. Consider what you will need in terms of both desired lifestyle and health requirements. Those are the two of the most important aspects of choosing the right place to move. Trying to balance your priorities with comfort is the best way to ensure a happy and healthy retirement.
- Move to a state with no income tax
Considering the fact that you will no longer be working, finding a place to retire that won’t bleed you dry when it comes to taxes should be a major consideration. Seven states currently do not tax personal income: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. Clearly, not all of these states are ideal locales for your personal retirement, but it is something to keep in mind as your last day of work approaches.
- Search for bargains on the housing market
If you are moving, there is no reason to pay more than you should when it comes to your new home. For instance, if you are looking to move to Myrtle Beach, it could be an incredibly good idea to search for foreclosures in Myrtle Beach SC. Buying a foreclosed home could save you thousands of dollars in the purchase. That means thousands of dollars to put towards your savings, a fanciful trip, or a membership to your favorite golf course (of which there are many in Myrtle Beach).
- Try a housing search tool
There are a lot of great housing tools out there to help you find the retirement home of your dreams, but did you know there are some specifically meant for soon-to-be retirees? Sites such as SeniorLiving.org, APlaceForMom.com, SeniorAdvice.com, and Caring.com can help you find a great home or condo to purchase.
- Move to a senior-friendly location
Certain cities and towns are preferred for retirees based on housing, health and safety, climate and quality of life. Do some research or ask people who live in locations that interest you as to what they think of the area. Keeping the population of retirees in mind is also worthwhile, it can help you as you look to settle in to your new home and build a nice community around you.
This guest post was graciously provided by Alessia Olsen.