{"id":6801,"date":"2025-09-06T21:57:00","date_gmt":"2025-09-07T01:57:00","guid":{"rendered":"https:\/\/www.deeds.com\/articles\/?p=6801"},"modified":"2025-09-06T21:57:04","modified_gmt":"2025-09-07T01:57:04","slug":"seniors-say-why-we-buy-and-what-we-look-for-in-real-estate","status":"publish","type":"post","link":"https:\/\/www.deeds.com\/articles\/seniors-say-why-we-buy-and-what-we-look-for-in-real-estate\/","title":{"rendered":"Seniors Say: Why We Buy, and What We Look for in Real Estate"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The average age of a first-time home buyer<\/a> keeps getting higher. The trend has turned into a tectonic shift. Today, it\u2019s not the slightest bit unusual for a buyer to reach 55+ before getting that first deed.<\/p>\n\n\n\n

You or someone you know may be in this position, and it might help you to know you\u2019re in good company. Here, we talk about why <\/em>seniors decide to become deed holders, and what <\/em>they look for in real estate.<\/p>\n\n\n\n\n\n\n\n

The Benefits of Buying a Home as an Older Adult<\/h2>\n\n\n\n

Letting home equity grow: it\u2019s a slow and steady route to financial strength. This is true for older adults, as for younger generations.<\/p>\n\n\n\n

Older adults may be more comfortable putting down roots than they were in their younger years. And that\u2019s fine. For building equity, there\u2019s no time like the present. And mortgage lenders welcome older adults as borrowers, as long as they have strong credit profiles and can prove their ability to repay the loan. <\/p>\n\n\n\n

Home equity becomes a base for safe, healthful living at retirement age and beyond. It can be leveraged to furnish a comfortable setting to age in place. An owned home is a home that can be counted on, with predictable costs.<\/p>\n\n\n\n

And it can be a treasure, ultimately, to give to the next generation.<\/p>\n\n\n\n

Granted, holding a deed also comes with costs. Upkeep, repairs, and homeowners\u2019 insurance. And if the deed holder ever does decide to move, it\u2019s a big job to sell a home. Many older adults decide the benefits outweigh the costs \u2014 but it all comes down to a personal decision.<\/p>\n\n\n\n

Buying a home may offer tax perks. A taxpayer has an option to itemize and put a year\u2019s worth of <\/em><\/strong>mortgage interest<\/em><\/strong><\/a> to good use as a tax break. As you plan to acquire a deed, speak with your tax pro about maximizing your available tax advantages. <\/em><\/strong><\/p>\n\n\n\n

What Do Older Adults Want in Their Homes?<\/h2>\n\n\n\n

For those on a mission to buy, what do older adults want in a home? Those hoping to stay in the home for the long term have accessibility in mind, including:<\/p>\n\n\n\n