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You or someone you know may be one of the generation of people aged 55+. And you might be thinking about downsizing or moving to a 55+ community.
Here, we orient curious readers with the pros and cons, and go over the deed restrictions to understand before and after buying in.
Continue reading “Is Moving to a 55+ Community a Good Decision?”
To transfer the deed or keep the deed? That is the question. And it tends to come up when retirement age approaches.
This phase of life often involves downsizing — to lower the household tax, insurance, and maintenance costs.
Paying off the home mortgage can net longtime owners enough to unlock some great options. Rent a nice space at a 55+ apartment property? Downsize? Explore life-plan properties? Or just stay home?
Let’s sort out some basic issues and questions related to each of these alternatives.
Continue reading “What’s Best in Retirement: Owning or Renting?”
Retirees and seniors are active in the U.S. real estate market — and everything else! Turning 65 once meant retiring on a pension. Today, for many, it means financial independence, self-actualization, and enjoying life for a few more decades.
How does this impact an older adult’s real estate plans? Is it better to rent or buy? And if buying is better, what type of home makes sense?
Continue reading “What Today’s Senior Home Buyers Should Know”