Browsing Tag

retirement

10-of-the-most-unique-retirement-communities-in-the-us

If you are going to retire soon, maybe you are checking out retirement communities. There are many that might appeal. Perhaps you have a particular state in mind.

You may look at retirement communities in Arizona, California, or Florida. Maybe New Mexico or New York have what you want.

Perhaps you want to stay somewhere truly unique during your Golden Years, though. Let’s look at some options right now.

The Palace at Coral Gables

The Palace at Coral Gables is incredibly luxurious. There is five-star service, fine dining, and many social activities. The Four Seasons George V Hotel inspired it.

NoHo Senior Arts Colony

In North Hollywood, you will find the NoHo Senior Arts Center. It is one of the best spots for older artists and anyone who has creative energy. You will find retired Hollywood actors and writers living there.

Aegis Gardens

Aegis Gardens in California pays tribute to Asian culture. You can get traditional Cantonese and Mandarin cuisine there. The staff speaks fluent Chinese, as well as English. You can also take Tai Chi and enjoy playing Mahjong with your friends.

Lake Weir Living

Lake Weir is in central Florida. There, you can enjoy boats, RVs, hot rods, Harleys, and more. This is not a retirement community for the faint of heart.

On Top of the World

On Top of the World, also in Florida, is where you can continue meeting your fitness goals long into your retirement. There are softball fields, racquetball courts, and gyms with top-of-the-line exercise equipment.  

Lasell Village

In Lasell Village, in Massachusetts, you have to spend at least 450 hours taking classes every year. This is ideal for older adults who never want to stop learning. You can also spend time in the heated swimming pools and Pilates classes.

Fountaingrove Lodge

At Fountaingrove Lodge, the LGBTQIA+ community lives and thrives. If this is how you identify, you can spend some with your peers in comfort and security. There’s a swimming pool, and you can also find tennis courts, a golf course, and more.

Escapees CARE

Escapees CARE is a community for older individuals who like RV travel but who now need help to continue doing so. Residents can stay right there in their RV, but they will get nursing care, housekeeping services, meal prep, and anything else they require.

Shantiniketan

At Shantiniketan, close to Orlando, residents are mainly from the Indian subcontinent. They will recognize many of the customs from that part of the world. There is an onsite prayer room, and there are many vegetarian food options as well.

Nalcrest

Nalcrest, located in south-central Florida, is for those older adults who were postal workers in their professional lives. The community first opened in the 1960s, when postal workers were paid very little. Nalcrest gives any former postal workers an affordable place to retire. The rent there is only $520 per month.

These are some of the most unique places where you can retire today, so think about whether any of them appeal.

0 comment
Share:
how-to-buy-a-home-after-retirement

Thinking about buying a home after retirement? Housing offers financial, lifestyle, and health benefits that make it a great retirement decision.

But, you might not know how to go about buying a home after retirement, especially if you are new to the housing market. So, how does the buying process work if you are retired? How much does it cost to buy a house after retirement?

Ready to learn more? Then read on. Below, we discuss everything you need to know about how buy homes after retirement.

Think Local

Often after retirement, people are looking for the perfect home to downsize to. To find the best fit for you, it is important to “Think Local.” Before committing, research the local real estate market.

Attend open houses and become familiar with what is available. Rely on local experts to help you pinpoint the neighborhoods and homes that have just the right amount of space, amenities you care about, and range within your budget. 

Check Your Insurance

It’s important to make sure you’re adequately protected with insurance. Start by researching policies tailored to retirees. This also includes coverage for your:

  • property and possessions
  • natural disasters
  • liability
  • health insurance

Before you finalize the deal, review your insurance policy with an expert. This will make sure you understand the terms and coverage limits. As a retiree, you must take advantage of the benefits of final expense insurance as this is the best way for you to fund your retirement property investment.

Watch Your Debt-to-income Ratio

It is important for those looking to buy a home in retirement to watch their debt-to-income ratio. This ratio is the amount of debt you currently have with your current income. To buy a home after retirement it is important to ensure that the debt-to-income ratio is reasonable, which means that it should not exceed 36%.

In other words, the amount of debt you carry should not exceed 36% of your take-home income. Furthermore, with a good debt-to-income ratio, one can generally qualify for a mortgage term after retirement with better interest rates and loan terms, which can ultimately save you money in the long run.

 

Compare Home Prices

When you are looking to choose the options for homes after retirement, the first step should be to compare home prices in the area. Prices can differ significantly from town to town, so it is important to determine the best value. Research the local market, the property values, and the average cost of homes to help narrow down your search.

Contact real estate agents for information about the current market and for estimates of what your purchase price should be. Additionally, look for communities that offer retirement specials or discounts.

Examine the amenities, property taxes, and community rules to ensure it is the right fit for you. Finally, inspect the property both inside and out to make sure the dwelling is met your needs and budget.

Consider to Buy Homes After Retirement

Purchasing a home after retirement is a rewarding experience, and a great way to enjoy the lifestyle you’ve always wanted. Knowing the right questions to ask and taking the time to research has never been more important.

Take the time to do your research, get the right advice, and have a clear plan before you buy homes after retirement. Don’t let retirement stop you from owning your dream home–call a real estate professional today to get started on your journey.

If you want to read more articles, visit our blog.

0 comment
Share: