Never Overlook These Things When Buying A House After 50
It’s never too late to uproot and shake up your living situation. This can be an especially thrilling thing to take part in when it feels like other areas in your life have slowed down. You just want to make sure that you’ve accounted for the critical elements to support you having the best possible time with a move after the age of 50. We’ve considered five crucial things to look out for below.
1. Large Homes Vs. Condos
While some folks will enjoy gardening and other outdoor activities regardless of their age, there are just as easily plenty of other folks that are completely fed up with it. Make sure you stand on clear ground when it comes to the kind of yard or lack thereof you want to deal with when you move to your new living space.
2. One-Story Homes
If you’re at all bracing for mobility issues as you grow older, you’ll want to keep your eyes peeled for enticing one-story options. This can spare you all kinds of trouble and risky scenarios, were you to have stairs in your home.
3. The Location
katie manning/unsplash
Maybe you’ve reached an age where you are only ready to reckon with warmer weather. This can also be highly cooperative when it comes to avoiding unwanted joint pains. Or, perhaps you one day plan to leave your home to your children. If you choose to keep a home in an area that’s bound to see an easy appreciation in the home’s value due to the location alone, this is worth considering.
4. The Passive-Income Effect
Numerous seniors lean heavily on passive income streams like rental income or their earnings from various business activities that they don’t need to necessarily be physically present for. Just note that if you ever apply for a loan you might be required to pay more than usual due to the fact that your income is coming from a passive income stream.
5. The Walkability
Oh boy, it’s all about that sweet walkability score. If you have numerous restaurants and other everyday destinations within a stone’s throw of your home, then this is great news for your home value. And for you if you don’t want to have to worry about walking/driving too far.
