Boomers Own Multiple Houses

Baby Boomers were to down size to a small home because they didn’t need as much space, supposedly because they are now empty nesters, but many have multiple homes.

We know a couple who got remarried and both keep their own homes. They stay in one for a while, then the other. Oh by the way, they have a lake house, a mountain condo and just bought another house in the foothills. I kidded him, who is 71,that he is a real estate tycoon.

Several other friends in their 70’s spend half the year or more in our Del Webb Community in North Georgia, and then head to Florida for the rest of the year. One of these lives on my street and actually has his primary residence in Florida, so he lives there 6 months and the rest here.

Some friends we know have a house in Big Canoe in the North Georgia Mountains and also a cluster home in Atlanta, then a condo in Sandy Springs. When they want a “city fix” they can spend some time in the city.

Many boomers were told to down size to a small home by the financial press, saying they could live cheaply and save money. I am not sure that is the case. Even moving to a small town in the suburbs is not that much cheaper than living in the suburbs, but there are other reasons to do so.

Many counties on the outskirts of large metro areas do offer a better property tax exemption for seniors and that will save you some money. It’s worth looking into when deciding where to live.

Why Do Boomers Own So Many Homes

Retired boomers like to have options and variety. Living in different locations during the year offers variety. Plus it’s nice way to offset harsher temperatures you often get in one location for part of the year.

Another reason boomers like to own homes, is that owning real estate has been a good investment to us over the years, dispute the big real estate downturn of 2007. Home prices have risen, especially in small towns that are growing and now have more to offer.

Some boomers just like to try out different homes and different areas.  Buying a retirement home and staying put is certainly not always the case. You may have bought a home that was too large.  Or maybe you found yourself in a home that is not large enough.  Selling and moving is not as hard to do once you already have downsized somewhat from that home you lived in for 30 years or more.

Don’t let the press tell you where to live and what size home you need in retirement.

It’s clear we baby boomers are not following the pattern of our parents in deciding where to live and what kind of house(s) we should have.

Discovering what living arrangement works for you is part of the fun we get to have in retirement.

Robert Fowler
Retired and loving it!



Best Retirement Communities in Small Towns

Best Retirement Communities in Small Towns

We have noticed that the best retirement communities are located in small towns. We hear all the talk about retiring to the city but the best retirements are definitely located in small towns. Why is that?

Well people want to relax and get away from the hustle and bustle of city and suburban living especially traffic and noise.  Most suburban homes in metro areas always have a hum from traffic noise that you might not notice until you get out of that environment. Then you realize how nice and relaxing quiet can be.

Small towns have more land so that the large retirement communities that offer so many great amenities have the room to build them. In cities land is so expense that the retirement communities are built in high rises or very small size retirement communities that do not offer any where near what the retirement communities in small towns do.

With larger retirement communities in small towns there are more amenities offered like softball fields, bocce ball, pickel ball, tennis court, walking trails, sidewalks throughout the community, large clubhouses, and many people to meet and social with. May not be the case with city retirement communities.

When you move to a retirement communities you may want to explore and enjoy the surrounding areas especially natural areas to enjoy things like lakes for fishing, hiking trials, small town shopping, arts and crafts fairs, mountains, wineries and day trips to other small towns. Can’t do these things living in a retirement community in a city.

Also there is something about enjoying the character of small town living while having the advantages of living in a great retirement community too.  Best of both worlds.  Small towns have parade, arts, community theaters, footballs games, and a real community spirit that you may not find in a city or even the suburbs.

These days with Internet shopping and two day delivery by Amazon you can order just about anything you want and have in delivered to your home.  The Internet also levels the field with news and keeping in touch no matter where you live. Place is not as important anymore.

The people who move to a retirement community in a small town are genuinely excited about the new lifestyle. Sometimes people moving to a retirement community in their neighborhood or a city to be close to their relatives are not as excited about the retirement lifestyle.

Well there are pros and cons to everything, but these are some of reasons the best retirement communities may be in small towns.

 

 

 

 

 

 

 

 

 

 



55+ Homes For Sale in Retirement Communities in Small Towns

55+ Homes for Sale in Retirement Communities in Small Townsretirement communities small towns

What Are 55+ Homes?

55+ homes are located in 55+ communities. Sometimes these are also call Active Adult Communities and Retirement Communities. These homes are in a planned usually gated community located many times in small towns not too far removed from large metros but far enough out to have a more casual relaxed atmosphere. Many times these 55+ communities are located in a small town.

What’s Is Small Town Living Like?

Small town living has plenty of advantages that we have presented in this Advantages of Small Towns link. They included a slower pace of living, less traffic, quality of life, safer, lower cost of living, affordable housing, friendlier people and more.

What’s 55+ Community Living Like?

It can give you an exciting new active lifestyle. The homes are usually very energy efficient with great floor plans that are aging friendly. The community usually has a clubhouse with its activities center that has plenty of programs and clubs of all sorts. These allow you to be stay active and meet new friends. The 55+ communities also have plenty of outdoors amenities like walking trails, game and ball fields, swimming pools and more.

Looking for a Home in 55+ Community?

Interested in finding 55+ homes for sale in small towns? Click that link to find all the + currently available 55 homes for sale.

Will You Like the Active Adult Lifestyle?

Most people do. Not only do they like it, they love it and wonder why they didn’t take advantage sooner. You can go at your own pace and are not be required to participate in anything, but we think you will love to do so.

Where Are The Most Popular 55+ Homes?

55+ homes are located in almost every state. According to our date, the most popular states for 55+ homes are Florida, California, New Jersey, Massachusetts, Pennsylvania and Arizona.

Now You Really Want to Find a 55+ Home, Right?

If you are interested in the current 55+ homes for sale in retirement communities click on the link. The for sale property information is updated all the time and includes resales and new homes.  For entire communities click here 55+ communities.

Not ready to buy, then find a 55+ home to rent.



Searching for Retirement Home Can be Fun

Getting out and exploring new things is always fun. Exploring retirement home options can fall in to that category.

Destin FL - Where to retire
Getting out and exploring new things is always fun.  Exploring retirement home options can fall in to that category.  Maybe you have a little more time to take a few days off. Explore retirement options in your area, your city, your region and far away. Make it your hobby to research and then to travel and experience new options you now have.

Experience the Vacation Getaways at the Active Adult 55+ Communities with a trip of 3 or 4 days and see first hand what they are all about. In addition you get to visit the town and area where the community is located.  These are positive experiences at very little costs.

Next visit small towns in your area and region. This would be as short as a day trip, an overnight trip or spent 2 or 3 days and visit several small towns.   Do your research first on the web and plan your visit. Visit during a festival or town event would be interesting as well. There are many advantages to retiring in a small town but just visiting can be fun too.

Next travel to a resort area and combine a vacation and a retirement research trip. Go to Hilton Head for a week. While there explore some of the communities in the area.  Warning: don’t buy any timeshares while there. Enjoy your vacation and learn something too. You have a legitimate reason for visiting the communities, you are not wasting anyone’s time. You are the prime prospect, but most communities are helpful and low pressure.  If you really did fall in love with the place, maybe renting for a season would be a good idea first.

Finally explore your own city. Research first then go downtown and experience the mixed use, high rise, loft, town centers and other interesting concepts in your very own metro downtown or midtown.  What would it be like to walk to restaurants and museums from your very own condo. Urban life is not for everyone but there are some boomers moving downtown to experience the advanatages of retirement city living style.

But the main to remember is to have fun! There are no deadlines and you don’t have to do anything. Take your time during your visit to take it all in.



5 Ways to Save Money on Retirement Housing Costs

In this economy baby boomers nearing retirement are looking for affordable housing as never before. Here are some ways to do so.

In this economy baby boomers nearing retirement are looking for affordable housing as never before.  Here are some ways to do so.

Retirement Home

1. Move to a Small Town where housing costs, property taxes and cost of living are all lower.  This will save you money.

2. Downsize to a new smaller more efficient home which will save you money on utilities and have less upkeep & maintenance repairs.  It will be a long time before you spend money on appliance replacements or have to replace the hot water heater, furnace, air conditioner or roof.

3. Buy a resale home from a realtor or the owner rather than buying from the builder / developer.  You can get a resale at a better price. There are previously occupied homes in every community, even new communities.  Most resales have been improved by their owners.

4. Age in place in your current home making some improvements to make your house  more livable.  Check into changes in home design and function – many resources are available on the Internet.  Visit your neighborhood senior center or active adult center for programs and activities that will help you stay active, learn, exercise and socialize right in your own neighborhood.

5. Also check out 55+ communities and senior communities that may better serve your housing needs into the future. Being pro-active and acquiring long-run sustainable housing can save you money by avoiding emotional, maybe rash decisions about housing later in life.

Although seeming more expensive age qualified communities many times include services, meals, transportation, exercise facilities and much more that you are paying for now, so overall may be a good value for you.

By Robert Fowler, President of Retirement Media Inc.
Google Plus Profile About Retirement Media



Retirement Homes – Renting May be Better than Buying

Before signing on the dotted line to purchase a retirement home baby boomers should consider the benefits of renting, especially in a down economy. For some seniors buying a retirement home may not be a good fit despite all the pundits that decree buying is the only way to go. So if you are considering buying or renting read on to discover why renting may be your best option.

retirement homeBefore signing on the dotted line to purchase a retirement home baby boomers should consider the benefits of renting, especially in a down economy. For some seniors buying a retirement home may not be a good fit despite all the pundits that decree buying is the only way to go. So if you are considering buying or renting read on to discover why renting a retirement home may be your best option.

Reasons to Consider Renting Your Retirement Home:

1. Cannot Afford to Buy

What caused the housing market to crash in the first place were predatory lenders giving money to people who could not afford to pay their monthly mortgages. If you cannot afford to buy a home the fact of the matter is you should consider moving into one of the many 55+ rental apartments that are available.

If you are one of the seniors living on a fixed income it would behoove you to live below your means. Using too much of your income to go towards a house payment is a dangerous financial practice that will set you up for financial disaster.

2. Unsure of Where you Want to Live

Many seniors want to explore different areas of the country to see where they want to spend their retirement. There are several 55+ houses for rent in all areas of the country that seniors can live in temporarily.

3. Less Risk

The economy is in a shaky state so buying may put you at risk. Buying homes in a down economy may be good for young investors but not for seniors. Seniors should be looking for financial stability and ways to minimize risk. When you rent you put yourself in a much safer financial position thereby shielding yourself from potential risks associated with buying in an uncertain housing market.

4. Property Taxes

Some states have astronomical property tax rates that add hundreds to your monthly mortgage payment. When you rent you do not have to pay property tax and can use that money towards other expenses or savings.

5. Amenities

Many 55+ rental apartments and homes in 55 communities offer great amenities such as yard and home maintenance, organized social programs, clubhouse, transportation, pool, fitness center, and even on site medical care. If you purchase a home these amenities are typically not available leaving you to your own devices to meet those needs.

6. Less Responsibility

Owning a home is a huge responsibility. You have to do yard work and take care of any home repairs or hire someone to do it for you. Renting a retirement home alleviates most of this responsibility leaving you with more time to enjoy your golden years rather than fretting about home maintenance.

7. Social Life

Research shows that seniors who are actively involved in social programs and have relationship with their peers are happier and healthier. Renting a retirement home in a community gives you instant access to people the same age who have the same interests.

If you are considering purchasing or renting we hope you look at the pros and cons of each and do a thorough analysis to figure out what is right for you. If you need expert help see a financial adviser who has experience in helping seniors and baby boomers.