Categories
Retirement

Investing in Real Estate after Retirement is Advisable

Retirement is a stage when you can no longer work hard, so it is the best time to invest in real estate, provided you do not owe any debt. The value of housing has held up during this pandemic and may even go higher with a recovery. Many are predicting inflation in our future and if so real estate will be a good investment.  Nevertheless, before investing in real estate, consider some factors so that your investment proves to be a right decision.

Location: This is one of the most important factors to be taken into account while investing in real estate. Having a house in good location and at good neighborhood is extremely important after retirement. Make sure the house you buy is close to hospitals, post office, shopping malls, and police station. Many over retirement homes in over 55 communities are selected because they have great desirable locations.   Also, buy a house that is close to your friends and relatives.

Design: This is another important factor to be considered. Before buying a house, check out the design of the house, if possible. Make sure, the house has all the essential facilities, such as laundry. Also ensure that the rooms in the house are proportionate.

Services: After retirement, people seek for comforts and services. So if you are planning to invest in real estate after retirement, make a list of all your preferred services and specific requirements. While looking for a house, make sure, your preferred services and requirements are available near your house. For example, home maintenance, nursing aids, and other significant services.

People mostly stay away from investing in real estate after retirement since it requires huge amount of money to invest. But there are several advantages that you must know. So let us have a look at each of them.

Ownership feeling: Owing a house is really a special feeling and that is the reason why people try to buy a house in their life. Having an own house gives you a feel of ownership that matters a lot in old age.

Can implement your personal choice: All individuals have certain dreams and desires which they want to implement after retirement. At this stage people look forward to own a house and decorate it as per their choice. Not only this, they also want to renovate the house or make some modifications according to their comforts. And this is only possible when you have your own house.

Avoid paying rent: Buying a house is a better option than paying rent to the landlord.  Senior apartment communities are expensive.  This will save you money, which you can spend for your other interests. You may invest in the education of your grand children or in a luxurious life in your dream city.

Earn some extra cash: If your new house is spacious enough, you can think about utilizing the space in various ways to earn money. You may set an office to start a business of your own or rent a room or two and earn a considerable amount each month.

In the meanwhile, many senior citizens are falling into debt because of the recent financial upheaval and economic devastation. So they are looking for some resources or grants that can help them with financial assistance.

Home Buyer Training Classes:

State community action partnership agencies conduct training classes for people who are going to invest in real estate for the first time. Depending on the program, these agencies even aid first-time home buyers with down payment assistance programs.

Conclusion:

Thus, it is to be concluded by saying that investing in real estate after retirement is a good option since the value of housing is incessantly increasing. So investing in real estate can secure the path of your financial future. However, before investing, keep the mentioned factors and advantages in mind.

Originally posted 2011-12-27 16:36:53.

Categories
Small Town Living

Observations About Moving To A Small Town

I moved to a retirement community out on the far edge of the metro area, away from the suburbs where my wife and I had lived for 36 years.  I knew life would be different and here are some of my observations about things I noticed are different. I am happy to report that we are loving it!

  1. Less traffic. It’s so funny because we used chuckle when people complained about our traffic, thinking they just were not used to city living.  Now we say the same thing and have enjoyed getting away from the awful traffic!
  2. People are friendly.  Out in public the people you encounter at the park, in restaurants, and the workers nearly everywhere, overall are just more relaxed and friendly and considerate. People seem to show their personality more.
  3. There are plenty of places to eat out and buy stuff.  Restaurants are less crowded so you don’t get the mad lunch hour rush as much. With a major mall only 15 minutes away, that is close enough.  A Publix and a Kroger a mile away. Haven’t found anything that I missed so far except maybe a Whole Foods or Fresh Market. Oh, my Amazon Prime works just great with two day deliveries.
  4. More scenic countryside.  I love driving out our back community gate, passing barns and farm houses and a lamas farm!
  5. More places to walk. Our subdivision has plenty of nice wide sidewalks.  Out on the main street there are wide sidewalks. The high school track is open after hours for anyone to walk! (not so in the suburbs where they lock the gate) Several parks and even a rec center with an indoor track.
  6. Your vote counts.  The just had an election for school board president and someone won by 8 votes!
  7. Community fairs and events.  People really turn out and support the community events.  Be it a 5k run, arts and crafts fair, or Christmas parade, people come together for these events.
  8. Medical services close by.  My dentist is 5 minutes away.  I visited the orthopedic doctor yesterday at the medical building next door and got there in 5 minutes or less.

I haven’t noticed anything that I miss from my old community of 21 years, except some friends that I don’t see as often. There was a risk in moving out to a more rural area but that has now been officially resolved!

I like living in a small town!

Originally posted 2020-08-20 11:21:00.

Categories
Active Adult

Active Adult Community History


Take a look at this interesting graphic about the history of Active Adult Communities. Many Active Adult Communities are located in small towns. The hot states for active adult living are: Texas, Florida, North Carolina, Georgia, South Carolina,  and Arizona.

AV-homes-infographic_FINALforweb

Originally posted 2020-09-01 20:07:49.

Categories
Gainesville Georgia Hoschton Small Town Living

Small Town Livability

Livability is what makes small towns a good place to live and to retire to.

Small Town Sense of Community

Many features makes up what we call livability, but for me it is a sense of community. Big cities and urbanized suburbs have much to offer, but they can’t hold a candle to small towns in offering a sense of community on a personal level. I could give many examples as I have experienced this first hand after moving from a big city urbanized suburbs to a Del Webb Community in a small town two years ago.

I loved living in the suburbs while I was working, but now that I am retired, I like my new small town community and feel a sense of pride in it. Here are reasons we live small town living.

Originally posted 2020-09-01 08:47:04.

Categories
Boomers

Lunch Retirement Style

Boomer Lunch retirement style

I have always been a fast eater and could finish a lunch at work in time to do errands and be back at my desk on time.  But it was no pleasure and was fast, crowded and many times expensive.

Now that I am retired, at home and flexible, I have discovered a simple pleasure that I frequently look forward to: going out for lunch.  No I am not talking about the retirement lunch when you are leaving a company.  I am talking about going out for lunch after you have retired.

There are several pleasures / benefits of lunch retirement lifestyle.

It is an opportunity to get out of the house and to socialize, even if it’s only with the waiter. Inviting friends to lunch is a pleasure that I look forward to.  Meeting friends who you used to work with is a great way to keep in touch. Meeting other retirees for lunch is especially nice since you can meet any time any where and take as long as you want to really have an extended social visit.

Lunch retirement style is leisurely not rushed nor crowed.  You can lunch at after 1 pm when others are finished up.

In small towns, lunch at a popular diner is a social occasions where you see friends and catch up on news. You can people watch and relax.

Lunch at a nice restaurant is often way cheaper than the dinner. In addition, many restaurants offer small plates or you can share an entree.

Lunch retirement style allows you to try different restaurants. You don’t have to be back at a set time so you can wonder a few miles away without worrying you will be late.  You can become a restaurant critic of sorts, advising your working friends of places they should try.

So reclaiming your lunch retirement style is a small but rewarding benefit I have noticed about the retirement lifestyle.

Robert Fowler

Retirement Media Inc.

Facebook – Retirement Media

Twitter – Retirement Media

Originally posted 2020-09-06 17:07:46.

Categories
Retirement Small Towns

Factors That Make Small Towns Desirable for Retirement

Factors That Make Small Towns Desirable for Retirement

In planning for retirement, many people seek out a new home in a new town, whether to downsize, move to a sunnier climate, or simply for a change of pace. While some baby boomers are looking for more excitement and a thriving night life, many people – both singles and couples – hunt for new homes in quieter, more cozy places than the suburban or urban environments in which they spent their working years.

Small cities – those with populations of 25,000 or fewer – offer some distinct benefits for senior citizens seeking a respite from the hustle and bustle of life, but don’t want to live out in the middle of nowhere. In the hunt for the perfect small-town retirement destination, you may want to consider a number of factors: criteria that can help you determine whether or not a small city in question is a good spot to retire.

So, what makes certain small towns more desirable for retirement than others? There are a wide range of answers to that question, but the same few seem to pop up again and again: Low crime rate; mild weather; ease of travel within city limits (walk-ability) and to other destinations (nearness to international airport); number of retiree amenities per capita; natural beauty and charm of the surroundings; and ability to make quality social connections. While some of these factors (low crime rate and mild climate) are easy to quantify, others are a bit more subjective.

Ease of travel: To some, this may mean the ability to walk easily to the majority of restaurants, venues and shops in the community, while to others it may mean excellent public transportation options in a small city. For those who are moving to be closer to their children and grandchildren, how easy is it to visit them is a factor as well. They want to be on the right side of the metro area to be close for visits.

Retiree Amenities: Some are looking for a  55+ community with all the included amenities and facilities, while others look to the town in general to see what healthcare facilities, senior centers, adult education opportunities, libraries, and arts and entertainment venues are available.  Is there a senior center nearby?

Social Connections: Many small towns or small cities share a common “theme,” or may have large concentrations of certain types of people. Perhaps citizens share a common ethnic heritage, like Leavenworth, WA’s Scandinavians, or shared interest like the Sedona, AZ population of artists. Towns that host annual festivals and other events also offer many opportunities to meet new people.
Are there many baby boomers or seniors your age?

Regional Medical – Is there regional medical resources nearby and 24 hour medical services close by?  See

Tip! Small towns with one of the large Active Adult Communities like those of Del Webb, K. Hovnanian Homes, Brookfield Homes, Lennar, Beazer Homes,  WCI Communities or Erickson Retirement communities – they usually have done the research for you and are in or near desirable small towns for retirement.  See my post Hospital Nearby Is Mandatory.

Retiring to a small town can be an appealing option on many fronts. After battling traffic and hassles of urban or suburban living for decades, the attractions of small town life can be a serene alternative, and offer opportunities to learn, grow, socialize, and live happy and healthy lives as seniors.

Originally posted 2020-09-07 08:10:21.