- by Portea HomeCare
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- Mar 30 2017
Top 8 Things To Consider Before Buying A Retirement Home
One important question that often confronts retirees is where they would settle once they arrive at their golden years. Each one of us has at some point thought of a day when we say goodbye to all work-related worries and move to a place of unimagined bliss. A majority among us begin preparations for this early on in our lives. All said and done, buying a home, for whatever purpose it might be, is a major commitment and one should not decide in haste.
How is buying a retirement home different from buying a normal (residential) house?
A thing to remember in case of a retirement home is that this investment that you are about to make will be a little different from the previous ones. Now, you would not have to worry about buying a house that is in close proximity to a school/university or think about the number of rooms in the house so that your kids could enjoy their privacy as well. Now, you would be looking to buy a house where you can age in peace and delight. Some end up buying their new home in or around the vicinity, whereas some end up travelling along the breadth of the country to cherish their retired days under the sun. Irrespective of the circumstance, it becomes essential to do some amount of research and soul-searching before you zero in on your solitude home.Discussing it with your spouse or somebody you expect to move in with can also help.
A vital choice you may have to make is choosing whether to buy a condo (a single unit flat) or a single home. If you are more of the traveller, a condo could be your best bet as you can lock that unit off and simply forget about it. However, if you have stayed in a single home for the better part of your life, adjusting to a condo may turn out to be a bit of a struggle. You would also want to ensure if the area and surrounding community is right for you.
Listed below are the top 8 considerations you must bear in mind before finalizing your postretirement dream home.
• Vicinity/neighborhood: Finding the best neighborhood to stay is one of the primary decisions you should make before buying your retirement abode. You may find this worrisome if you are planning to move to a new town/city post retirement. If possible, try vacationing in some of the areas to know more about the place.This does double the work for you; however, it helps you figure out whether the particular area has enough activities going on to keep you busy and occupied when you suddenly have a lot of time at your disposal.
• Community: You might want to live in a retirement community where you would find a flurry of activities which would keep you interested and your routine packed. Also, a retirement community usually has easier access to healthcare providers, which would surely assume greater importance then. Having like-minded people around you also makes it easier to adjust to the new surrounding and keep you engaged.
• Type of home: Very often, one might want to set up a ‘summer home’ and later make the transition to a retirement home in the later years of his/her life. But as you age, this transition that initially seemed so simple leapfrogs into something difficult and the entire idea of buying such a home falls flat on its face. A small strategy here would be to buy a summer home and then slowly adding on to it and renovating it over the years until it becomes the dream home that you always fancied.
Once you have finalized on the type of house, you could dvelve deep into the following considerations before making the final purchase:
• Single-level house: With age, common bone and joint problems start showing up. Also, if one happens to use a wheelchair, a duplex home can be a problem. Even a sunken living room or a few steps up/down are niggles which should be sorted out before you decide on your home. Don’t forget checking for flight of stairs while going in or out of the house, the front walk or the garage.
•1 step-in washroom: Stepping in and out of the bathtub can be difficult at times for older people. The perfect shower is the one where one can be just wheeled into, without the need to step in. Installing grab railings and bars for showers and toilets is also a good idea.
• People you share your house with: Should grandchildren come over the weekend and visit, one might need an extra guest suite for him/her. On the other hand, an older adult will certainly require a second master suite, preferably on the first floor.
• Appliance height: Can you reach for the washer or dishwasher easily? Do you have to bend low for that? Or would you want these appliances to be on a raised platform? The appliance height can turn into a niggle especially if the person is on a wheelchair. These issues might seem to be of little importance now, but may turn into significance later.
• Affordability: With age, we learn to be wary and prepared for whatever life throws at us. Medical emergencies or involuntary unemployment are a few of the downsides of advanced age. Investing wisely on your retirement dwelling makes it that bit easier to accommodate such expenses if they ever happen to arise.
Other factors which could determine your choice of home include the maintenance costs you might have to pay, sufficient storage space inside the house and facilities for pets. With all such creases ironed out, you should be finally ready to move into your swansong home and indulge in the little pleasures that retirement throws at you.
If buying a retirement home is crucial to you, equally crucial are your health care needs in the later stages of your life. And what better way than Portea’s most comprehensive and cost-effective elder care plans. Get in touch with Portea today and give your loved ones the care they so much deserve!
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