One of the greatest blessings we enjoy at Maine Source Homes & Realty is to be able to genuinely help folks, no matter what stage of life you’re at—just beginning your career, moving to a larger house in your 30s or 40s, or thinking about buying your retirement home.
If you’re at or near the retirement stage, we’d love to make your retirement home buying more worry-free and successful. Start by reading these retirement home buying tips!
1. Pick the Right Location
Your fantasy of retirement may feature you and your spouse drinking cocktails on a beach in Florida. But will that bring you the most satisfying emotional experience? The old cliché is that “Real estate is about location, location, location.” And that’s especially true regarding your retirement. So be sure you pick a location that offers easy access to your own property and to medical care, plus close proximity to family, friends, and community. The beach in Florida may be great, but not if it comes at the price of rarely seeing the ones you love most.
2. Be Smart About Your Budget
One fact of life is that your retirement income probably will be less than the income you enjoy while working. So be smart, and create a detailed, realistic retirement budget. As you plan your retirement home buying, this will help you get a clear, detailed picture of what you can realistically afford, on an ongoing basis, without getting in over your head. One smart strategy is to consider a modular home, such as the type we build and sell here at Maine Source Homes & Realty. Many retirees find they are one of the most budget-friendly options out there.
3. Don’t Forget Maintenance Costs
If you’ve ever been a homeowner, you know that the cost of owning a home involves more than just the mortgage, insurance, and taxes. You also have to keep a rainy-day fund for maintenance and upkeep. The good news is that buying or building an affordable new home through Maine Source Homes & Realty will allow you to enjoy new housing that’s less prone to maintenance issues, and also under a no-nonsense warranty.
A FINAL THOUGHT
Retirement home buying should be fun and exciting, but the reality is that making the wrong decision can undermine the enjoyable, relaxing time you look forward to. That’s why we invite you to contact Maine Source Homes & Realty to talk with us about your retirement home today!
ABOUT MAINE SOURCE HOMES & REALTY
MAINE SOURCE HOMES & REALTYis dedicated to helping you find your perfect home-ownership solution. Whether you wish to buy, sell, or build a home, Maine Source Homes & Realty invites you to benefit from our 47 years of trustworthy experience and expertise.