3 Questions to Ask When You Retire

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

by Mario & Jennifer Ruiz  02/12/2020

When you think of the home you’ll retire in, a new house may come to mind. Or maybe you’re contemplating moving to your favorite vacation spot or somewhere closer to friends and family.

With so many choices, how will you know what’s best for your lifestyle?

Here are three questions to consider before making a move for retirement:

  1. Will you relocate?Maybe you have a favorite beach town in mind for your retirement, where you can relax year-round. If so, be sure to account for the price of moving and the costs of your new community. If the cost of living is higher, make sure you have enough money saved to live comfortably.
  2. Should you downsize or upgrade?The kids have likely moved out, so you could opt for a smaller house or condo. But a more substantial property may offer additional space for visitors and hobbies. Think about what’s best for your family, then consider sitting down with a financial planner to evaluate your assets to be sure you can afford your options.
  3. Is the timing right?If you’re not quite ready to retire but thinking about moving, it may be better to buy property while you still have a steady income. On the other hand, you can take your time looking if you start after you’ve left your job. Either way, explore your options to ensure you’re making the most of your investment and your retirement.

Is retirement in your near future? Are you ready to start looking for a new home? Reach out today to discuss your next steps.

 

More to explore

How to use online valuations – Tips for sellers

Online valuations on websites have been a game-changer for real estate, providing buyers and homeowners easy access to quality information that can help them make informed real estate decisions. As an owner, online valuation websites

How to reconnect with your home?

Shelter. Aside from air and water, it’s an essential human need. Where would we be without a place to call home? Whether it’s an apartment, a townhouse, a quarter-acre block, a minivan, or a mansion,

Leave a Comment

Your email address will not be published.

Scroll to Top