Retirement is supposed to be something you look forward to. It’s a time in your life when you should be reaping the rewards of all your hard work and dedication to your job and family. Unfortunately, most adults nearing retirement aren’t able to see this concept manifest in their own lives due to inadequate savings and poor planning. Although there are several ways to turn things around before you retire, one idea to consider is relocating to a retirement community.
Why A Retirement Community?
A retirement community is a residential area designed for senior citizens that can essentially care for themselves. For seniors interested in making long-term care arrangements or needing assistance with medical care, a Continuing Care Retirement Community is another option. It offers houses or apartment units for independent living, assisted living, and nursing care.
The units are designed with senior needs in mind. There are single-level units for easy access despite mobility problems. You’ll also find home improvements like grab bars, walk-in showers, and slip-resistant flooring to reduce the risk of falls. For aging adults that need more assistance, a retirement community has options that range from having a home health aide to help with everyday tasks or nursing home experts for long-term intensive medical care. Not to mention, you’ll be surrounded by like-minded adults in the neighborhood.
Selling Your House
If a retirement community sounds like something you’re interested in, you’ll need to sell your house. The cash will come in handy for covering expenses and affording a happy and secure retirement. Here are a few suggestions to get the most for your sale.
Get An Appraisal – If you don’t have any idea how much your property is worth, the first step is to have it appraised. An appraisal can give you an accurate account of how much you can sell your house for. It can also assist you in determining if it’s enough to pay off the mortgage (and have cash leftover).
Take Care Of Major Repairs – While you don’t want to dump all your money into the house, leaving significant repairs unresolved can lower the offers you receive from buyers. It could also result in your property sitting on the market for months or years. You can use resources like Home Advisors to find reputable contractors willing to take care of the repairs at a price you can afford. If you’ve never used such a platform before, you can always check out Home Advisor ratings to learn more about the benefits.
Hire A Realtor – Although you could try selling your house alone, it’s not the easiest process. There are several working pieces that you need to cover, which can be costly and time-consuming. Ultimately, it’s best to hire a real estate agent to assist you. They have the industry knowledge, technological platforms, resources, and network to make things more manageable. You can sell your property without worries and get an offer you deserve.
Research Retirement Communities – If you haven’t done so already, now is the time to start looking for the ideal retirement community. Keep factors like affordability, comfort, location, and continued care services in mind as you assess your options.
Renovations and Upgrades – Getting the most money for your house will require you to invest in renovations and upgrades. Updating the bathroom and kitchen are the most popular options to increase your property resale value. Since you’ve already checked out a Home Advisor Review or two, you have an idea of where you can turn to find the experts to work within your budget.
Your golden years should be some of the most enjoyable. If housing, long-term care, or socialization are concerns of yours during retirement, relocating could provide an effective solution. Once you’ve completed the steps above, you’re ready to plan your move and prepare for a lifetime of happiness with the support you need as you age.