Seniors choose to purchase new homes in retirement for several reasons. Some choose to move because they don’t need all the space their current home has. Some move because it is too expensive to pay energy and utility bills for a large house. Some move to smaller homes that will make it easier for them to manage and maintain as they get older. No matter the reason for your move to a new home, there are three financial considerations you should make when you do so.
Aging in place comes with so many considerations, it can be overwhelming if you don’t know where to begin. You need to be mindful of both needs and cost to determine what’s best for you and whether you’ll be able to work around the issues in your home or if you want to downsize. The […]