August 1, 2019

How to Take Care of Your Home as a Senior

Filed under: Real Estate,Seniors — Tags: , — seniorlivingguide @ 1:21 pm

caring for a home as a seniorBy Lizzie Weakley,

Home maintenance gets more difficult as you get older; but with intelligent upgrades and smart planning, you can greatly reduce your burden. Try these tips to keep your home in excellent shape throughout the years.

Upgrade Your Floors

High pile carpet isn’t just difficult to take care of; it’s also easy to trip on. Make your house safer and easier to maintain by switching to non-slip flooring. Look for vinyl laminate or another material that you can easily keep clean. If you decide to include decorative rugs, remember to choose thin, flat mats that won’t cause you to trip.

Make a Maintenance Schedule

It’s easy to forget important maintenance tasks as the years go by. Create weekly, monthly, and semi-yearly maintenance schedules that list all of your necessary jobs. Include things like cleaning out gutters, checking on the condition of your plumbing, and changing air filters. Once you have a list, it will be easy to identify the tasks you can complete and the tasks that you need help with.

Modernize Your Electrical Mains

The modern world requires a surprising amount of electricity. Modern appliances and entertainment devices all use a higher voltage than older models. If you’re still using an old power source, an electrical mains upgrade may be in order. This is a low-hassle job that can usually be handled in a single visit. Once the upgrade is complete, you’ll be able to use all modern appliances without risking a short circuit or an overload.

Hire Lawn Care Professionals

You deserve to have a beautiful yard without spending time mowing the lawn or weeding the garden. Talk to a lawn care professional about regular seasonal maintenance. Contractors can help you cut tree branches, prune bushes, reseed your lawn, and turn over the soil in your garden. Even if you like taking care of your lawn, save your health by hiring a contractor for the more difficult tasks.

Install Window Tint

When direct sunlight enters your home, it fades your possessions, peels your flooring, and increases your heating bill. A layer of tinted window film is a quick and easy fix that will keep your house significantly cooler in the summer. Window film can be cleaned directly, and it peels off without damaging the glass underneath.

Home maintenance is an endless task that follows us as we age. Work with local contractors to keep your home in excellent condition and greatly improve your quality of life.

Sign up today for our FREE e-Mail newsletter!

You'll get the latest news and helpful tips and topics that interest you right to your inbox


By submitting this form, you are consenting to receive marketing emails from: SeniorLivingGuide.com, 14 Pidgeon Hill Dr #330, Sterling, VA, 20165, http://www.seniorlivingguide.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Share

July 12, 2019

What to Look for in a Home After Retirement

Filed under: Boomer,Real Estate,Retirement,Senior Housing,Taxes — Tags: , — seniorlivingguide @ 10:27 am

Real Estate After RetirementCourtesy of Anita Ginsburg 

You’ve waited for what seems like a whole lifetime to retire. You’ve pinched your pennies and are now ready to enjoy this new chapter of your life. However, buying a new home after retirement isn’t the same as buying your first home. Depending on your financial situation, it can feel impossible to finance an investment this big at this point in your life.

To make the best decision for you and your budget, read on to learn about the most important points to consider when buying a home after retirement.

Location Matters

When it comes to real estate, there is one thing that everyone thinks about: location. People who are older need to carefully consider where they want to buy their retirement home. Although a sunny area may sound good on paper, it might not be your kind of paradise for the long-term. Consider important factors such as the climate, cost of living, crime rates and access to resources before you decide on a location.

Elderly people’s homes are often prime targets for break-ins, so you want to make sure that the security in your neighborhood is safe.

Also consider the average age of the members of your new neighborhood and if there is a strong senior citizen community that you’ll be able to take part in. Staying social after retirement is an important part of health and wellness, especially if you’re considering relocating to a new state or a new country. Make sure that you choose a destination that is as practical as it is alluring.

Pick a Home That’s Right for Aging

Purchasing a multi-level home is not ideal as you get on in years. It’s a good idea to plan ahead and accommodate your changing body over the next several decades. Amenities like a walk-in shower, easy wheelchair access and no staircases are all good criteria to consider. You may want to look for ranch-style homes that offer a wide layout with everything on the same floor.

You should also consider the size of the land you purchase. Having a small garden may be nice, but caring for excessive land can be a hassle, especially as you age. Ask yourself if the landscaping is something that you will be able to manage as you get older, or if the space will fall into disrepair or become too expensive to maintain.

Don’t Put All of Your Money into the House

Many financial planners highly recommend that you don’t pay for a new retirement home with cash. Instead, use your money for a down payment and take out a mortgage. Your retirement savings have to be evenly distributed, so you shouldn’t spend every penny you’ve saved over the course of decades to buy a house.

If your current home has equity, check whether or not you can apply that to the purchase of your retirement home. Discuss your options for payment with a real estate office in your desired location; offices have qualified, experienced agents whose job is to make sure you not only find your dream home but also get the best deal for your money.

Keep Taxes in Mind

Before even thinking of moving to a new location, you must consider how much you’re going to pay in taxes. Take a look at the sales tax, real estate tax and your retirement income before deciding on a new home. You should also consider how taxes after retirement will affect your life. Taxes taken from your pension, social security benefits and your 401k may be more than you imagined.

Draw up a retirement budget that takes taxes into consideration so you have a realistic perspective of how much you can afford for a retirement home and daily living.

The Bottom Line

Regardless of age, buying a new home is difficult. Working with a real estate agent will make the process much easier, especially if you’re moving to a brand new location. The home you choose to retire in will probably be where you live for the rest of your life, so don’t worry about rushing into the first decent property you see. Take your time, lay out your finances and consider a home that you can see yourself in for many years to come.

Sign up today for our FREE e-Mail newsletter!

You'll get the latest news and helpful tips and topics that interest you right to your inbox


By submitting this form, you are consenting to receive marketing emails from: SeniorLivingGuide.com, 14 Pidgeon Hill Dr #330, Sterling, VA, 20165, http://www.seniorlivingguide.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Share

 

Home | Privacy | Disclaimer | Advertising | Media Kit | Definitions | Help | Contact
Copyright ©2019 Fairfax Publishing Company, Inc. All Rights Reserved.
The Nations Premier Online Senior Housing Resource

  • RSS
  • Facebook
  • Google+
  • LinkedIn
  • Twitter
  • YouTube