For many seniors, buying a new home is a key step in retirement. Luckily, there are plenty of resources available online that can make finding and buying the perfect home for retirement less of a hassle. Come on Home Colorado has gathered some of the best of these resources below.

Navigating Financial Challenges

Buying a home in retirement can come with different financial considerations, but seniors can use these resources to save themselves some stress and hassle from start to finish.

  • Make sure you have an understanding of your home buying budget based on your annual household income, monthly expenses, and down payment amount.
  • Understanding mortgages should be a priority for all homebuyers.
  • Getting a mortgage in retirement means lenders examine seniors’ savings and income sources.
  • Creating a complete moving budget should be the last financial step.

Finding Appropriate Home Features

When looking for a new home, seniors should look for features that will keep them comfortable in their golden years but also for features that will help keep them safe.

  • A lack of accessible and safe features is one of the most common barriers preventing aging in place.
  • A few features include single-story open floor plans, stepless entryways and widened doorways.
  • Work with real estate professionals like Come on Home Colorado who can take the stress out of finding a home with the right features.

Planning & Managing a Move

Putting together a moving budget can help seniors save a lot of stress, but there are also a few other things seniors should think about when planning their move to a new home.

  • Proper planning is the key to avoiding stress during a move, so consider hiring a senior move manager to stay on track.
  • Find small ways to make your current home appealing to buyers. For example, removable wallpaper can help add pops of color to rooms and hallways.
  • Seniors should also take some time to research costs and compare services from local moving companies.
  • Finally, seniors should know that feeling at home can take some time, but unpacking boxes and meeting new neighbors can help them settle in faster.

If you are a senior planning on a big move, keep these resources handy so you can keep your home buying experience as stress-free as possible.

Image via Pexels

Post Contributed by: 

Hazel Bridges, hazel@agingwellness.org, AgingWellness.org