Should I Stay in My Home After Retirement?

Surveys have found that the vast majority of retirees want to remain in their homes for the long haul. After all, it’s hard to beat the security and comfort of a familiar place. 

That said, even if you no longer have a mortgage, you may find that downsizing to a smaller home or even moving to another town is a more practical option. Answering the following questions can help you decide.

• Could I save money by moving? Owning a large home in a good school district can cost a bundle. But smaller isn’t necessarily cheaper: many condos have high carrying costs that could exceed what you’re paying now.
• What happens as I age? You may be healthy now, but you’ll probably have to remodel to accommodate physical changes as you age. You may need to widen doorways for a walker, for example, or even put in an elevator or lift. One increasingly popular option is a continuing care retirement community (CCRC), which allows you to move seamlessly between independent living, assisted care and a nursing home.
• Where else might I want to live? Moving closer or even into a big city is an increasingly popular option for retirees, and you can potentially save a bundle on transportation costs. Others may crave more time at the beach or countryside. Whatever you’re leaning towards, don’t pick up and move without giving a new town a trial run. Rent a place for a few months to make sure you get a true sense of what the community is like. Money’s list of best places to retire can help you weigh the plusses and minuses of various locales.

Source Article

GTAREALSTAR from Royal Canadian Realty Brokerage is a real estate Brokerage company based in Ontario, Canada. The well-established company has many years of outstanding experience in the Real estate Industry. The company focuses on being the "straight talking property people" offering a completely jargon free service. GTAREALSTAR use the latest software solutions to improve their service to their customers on a daily basis. GTAREALSTAR offers online access to website twenty-four hours a day, they even offer electronic signing. The company offers sales and rentals combined with first class service and support.  Call Naveen Vadlamudi  @ 416-837-9696.

Never too late to find your dream home. For available properties,  visit http://www.gtarealstar.com. Call Naveen Vadlamudi @ 416-837-9696 Now.

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