Choosing the right home for golden years
With the kids out of the house and your 9-to-5 work schedule coming to an end, this is a great time to consider relocating. So what’s your ideal retirement abode? The possibilities are endless; just make sure you take into consideration the retirement lifestyle you have planned, as well as the accessibility of the services you’re likely to need.
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Suburban Nest. If you've lived your whole life in a big city and are ready for a somewhat slower pace, a suburban home could be just the thing. You'll have easy access to entertainment, shopping, health care and other services without the traffic, noise and safety issues that many urban settings present.
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Urban Townhouse. If you enjoy living among the hustle and bustle of a large city and want to sidestep the hassle of maintenance, an urban townhouse or condo might be perfect. Since the building owners typically take care of general maintenance, this is a great option if you plan to travel often or occupy your unit on a part-time basis.
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Country Home. If you're a fishing enthusiast, an avid hunter or just a fan of the great outdoors, a country cabin can be a dream come true for retirement. Depending on the location, you'll have immediate access to a host of outdoor activities, along with the peace and quiet of the country. The downside will be lengthy drives for medical appointments and grocery shopping.
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Community Life. These communities look like a regular suburban subdivision, only there is a minimum age (anywhere from 55 to 62) and residents have continuous access to golf courses, tennis courts, swimming pools and biking trails. Most offer 24/7 security as well as medical assistance, and maintenance handled by the homeowner's association.
Before you decide, inquire about renting or leasing a place in the area you like and see how it fits you. And, try to work with a real estate agent who specializes in the retirement market. Make sure he or she understands your needs and preferences so you'll end up with the ideal spot to spend your golden years.
