If you're recently retired or planning for your retirement, you may decide to purchase a new home. Many retirees buy new property, either to downsize from an existing home or to relocate to a more favorable area. Our real estate agents can help you locate properties that are a good fit for your post-retirement needs. Follow these guidelines to make sure purchasing a home is appropriate for your finances and personal retirement goals.
Rethink Moving to a "Bucket List" Destination
Once you retire, it's easy to get caught up in fulfilling your post-retirement dreams. Maybe you've always wanted to live at the beach town where you vacation every summer, or perhaps you've envisioned retiring to a secluded cabin in the mountains. However, before you purchase property in these dream locations, you need to make sure these cities are places that you want to live.
Every first-time homebuyer is quickly faced with the same question: to build a budget for a forever home, or shop for a starter home that suits your current needs? A starter home can be an excellent option for a first-time buyer, allowing you to get used to the homeowner's lifestyle, build equity in the home over time, plan for the future, and eventually move on to a forever home. Our real estate agents know exactly what it takes to find the right home for any buyer, and we've put together a guide for what you should look for in a starter home.
Neighborhood and Location
The neighborhood that you choose plays an important role in both the price of the property and how much you'll enjoy living there. To start, decide whether you want to live in an urban, suburban, or rural location. Then look at specific neighborhoods to find a spot with the right mix of attractions, services, and commute times for your needs. The most popular neighborhoods tend to be more expensive, but most neighborhoods have affordable starter options if you're willing to search.
Owning your own home is a valuable step in building your equity and creating security for yourself and your family -- no matter the shape or size. Part of homeownership is maintaining that investment through required chores and maintenance. Don't lose value simply because you don't know what to do. The start of a new year is the perfect time to keep tabs of chores you should be doing once a year. Our REALTORS® have assembled seven chores you shouldn't forget to do yearly, to help you keep your home in top shape.
Although it might be a cliche, there's truth to the old saying, "A picture is worth a thousand words." This is particularly true when you're trying to sell your home. The truth is, most potential home buyers start their search online and will decide whether they're interested in your house before they even see it in person. That's why our real estate agents always stress the importance of staging your home the right way.
Not only will great staging make your home stand out from the sea of other houses online, but it will also make the interior warm and inviting when potential buyers do decide to visit. While staging a home is fairly straight-forward, it's important to understand the basic principles, especially before you get your real estate photos done. Follow these tips, and you'll be off to a great start.