Whether retirement is still a long way to go or already knocking on your door, planning ahead is always a good step to take. If the idea of purchasing a retirement home is already something you’ve thought of, here are five great reasons that might compel you to just do it.
- The promise of ideal weather
More often that not, people purchase retirement homes in places where there is plenty of sunshine. And if the region doesn’t offer warm temperatures all year round, there are still a lot of sunny days to go around. This can be a great arrangement if you are a snowbird, meaning you love to travel to warmer places when you have grown tired of the cold.
- An additional source of income
If you are yet to retire from your professional life, you can turn your retirement home into a rental. This way, it can potentially be a source of additional revenue that can help pay off bills and even prepare you for more aspects of senior living.
Your retirement home can also be a vacation rental if it is located in tourist destinations. Doing so will also help take care of maintenance expenses. When the time comes for you to retire, you can simply take your retirement home off of the rentals market.
- Access to amenities and outstanding health care
When it comes to retirement homes, you can choose to invest in a property within a retirement community. This is something to think about, as retirement communities offer a wide variety of amenities and services that can enrich your lifestyle.
Furthermore, retirement communities are often located in the periphery of bustling cities and college towns. Should you purchase a home in a retirement community, you can enjoy some peace and quiet without being too far from a wealth of city conveniences. That includes outstanding health care facilities.
- It’s a niche market
In case your retirement plans are altered, you can rest assured that you will always find a market for your retirement home. This is especially the case if you choose to buy a home in a retirement community. Why?
Retirement communities have a strict age requirement (usually 55 years and older). They also have an established set of amenities, services, and other recreational aspects. This will help you and your realtor craft a targeted marketing plan, one that specifically appeals to retirees.
- All sorts of amenities and facilities for less
As mentioned earlier, retirement communities often have their own amenities and facilities to share. And while you will be paying for these and other services in the form of monthly dues, the expenses are considerably less expensive than when you invest in an independent living setting.
In an independent living community, you have to find your own service providers and pay separate membership fees for clubs and other facilities. You won’t have to worry about any of these in a retirement community.
Cindy Pagnotta and her team can help you invest in a retirement home in and around Bridgewater and Basking Ridge, NJ. Get in touch with the team today by calling 908.436.7947 or sending an email to info(at)pagnottahomes(dotted)com