Some Key Considerations For Home Buyers Who Don't Want To Move Again
Moving house can be one of the most stressful activities we can undertake, so little wonder, then, that many people want to minimize the number of moves they make in their lives.
And as we age, of course, the prospect of changing address again takes on even more significance.
Maybe you are at a stage in your life where you perhaps want to make one final move (or at least that's the intention right now). If that sounds like you, we've put together some key considerations that should help you to arrive at a purchasing decision you'll never regret.
OK here goes:
Maintenance - As we age, many of us naturally want to do less work around the home, so a low maintenance property can be a very high purchasing priority. On the other hand, if you are happy to pay professionals to do everything for you, then this is less of of an issue. However that means you could be building in a cost for the long term that may be harder to financially manage over the long haul. Swimming pools are a great example of a feature that might appeal right now, but could have less relevance as you get older.
The area - Areas can change their character over time, so do your homework in terms of what planning decisions could adversely, or positively, affect the home's location. While no one can look into a crystal ball and know what the situation will be in decades to come, make sure you're on the lookout for any slam dunk signs that the area isn't about to change in a way that's deleterious to your lifestyle and the value of the property.
The home layout - Multiple floor levels and beautiful staircases may be just the thing you're looking for right now, but will they be an encumbrance to your mobility as the years roll by? We can never predict what medical issues we may face in old age, so if you're determined never to move again, carry out an audit of the prospective home in terms of any long term accessibility problems that could arise from its layout. Fitting electronic staircases, for example, can be a very expensive and is never an ideal option for people with mobility issues.
Professional home inspection - This is a must if you want to be sure that the property you're thinking of buying doesn't have potential long term problems that could flare up many years from now, including structural integrity etc.
The size of the home - Downsizing is a very popular option for seniors who suddenly find themselves rattling around in a big house, now that the kids have all left. Equally, some buyers will take the view that, as retirement approaches, a larger home or even a similar sized property with a large yard, for example, might be something they'll get better use out of with more spare time. There really is no cookie cutter.
Decide on your priority list - Before you begin the home search, it makes a lot of sense to take time to draw up a detailed specification of your intended forever home, taking into account all of your aspirations for the property and the practical matters of ageing and what that might entail in terms of avoiding features that could become big problems somewhere down the line.
Finances - Long term financial planning should also be a key factor in your purchasing preparations, not only to establish what home you can afford now, but what ongoing home costs (inc. utilities/maintenance etc.) will be feasible long into retirement. Home size can be a major factor here.
Local amenities - What's important about the local area we choose to live can change over the decades, so try to strike a balance between current and long term future needs. Proximity to shopping and medical facilities can become more essential, as two great examples.
We hope at least some of these considerations will help you in your own planning. Also please don't hesitate to reach out to us at 619-886-0175 for more specific advice related to your circumstances and likely future needs.