In your retirement years, it’s a time for you to live your life how you want to. Seniors should be able to have it all! The Feisty Side of Fifty celebrates women over the age of 50 and how it is never too late to come into your own. Celebrate your life, and if you’ve always dreamed of a bigger house, now is the time to invest in one.
How To Choose Your New Dream Home
Imagine having a large home on a sprawling lot. Your kids and grandkids could all gather in the same home for holidays and special events. There would be more than enough room for the little ones to play in the yard and for your loved ones to congregate. Larger homes also allow multiple generations to live together, something that Toll Brothers notes can be beneficial to retirees.
If you’re considering hobby farming or homesteading, you need a lot of room to raise animals and to grow food. The big difference between homesteading and hobby farming is that homesteading is your main source of income, whereas hobby farmers have another source, such as a pension.
Subsistence farming and entertaining require a lot of space. If you’re like so many boomers, time with your family is critical. Your dream home might include proper entertaining spaces, an outdoor kitchen or a large living area where guests can gather comfortably. Designing a playroom for your grandkids can also be a rewarding endeavor.
How To Upsize Despite Debt
Are finances getting in the way of your dream life? The best option is to pay down your debt as quickly as possible. The less debt that you have to start with, the easier it will be for you to find financing for a new home.
Determining the best solution to your debt will depend on your employment status, the debt you owe and other circumstances. Debt consolidation is one way that you can dig yourself out of debt. In consolidation, you organize your debt to pay it off faster. Six options include:
- Transferring unpaid balances to a lower interest rate credit card
- Taking out a personal loan
- Arranging a debt management payment plan through a credit counseling agency
- Borrowing from your retirement savings
- Using a home equity loan to pay off debts
In your state, there may be programs designed to provide you with debt relief or assistance.
How To Plan an Efficient Move
The worst part of a move might just be packing, transporting and unpacking all of your belongings. In retirement, you (and your back!) deserve a break from the hassle. Consider moving more efficiently with the help of a professional mover. As Lee Moving & Storage explains, the benefits of hiring a mover often far outweigh any disadvantages.
It might sound easier to recruit your friends and family to help with the move, but you’d find that amateurs take a lot more time than a professional. Professionals take fewer trips back and forth to the truck and are less likely to break any fragile items in the process. What’s more, every year, millions of older adults suffer serious injuries from slip and fall accidents. Movers have the proper equipment to load and unload boxes and furniture with fewer slip and fall risks. Likewise, they know proper lifting techniques to avoid injury.
Getting older doesn’t mean that you should stop dreaming. If your dream home doesn’t match your current residence, take advantage of your retirement to find a house that checks every box you want it to. Choosing a house that fits your family and lifestyle, despite debt, may be easier than you think.
This guest post was graciously provided by Bob Shannon from Seniors Meet.org.