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Tips to Make Home Buying Easier for Seniors

Enjoy another guest post from experienced blogger and home expert, Thomas Walker. Thomas will share some great ideas on how to boost your home’s curb appeal, which translates directly to more money when you sell! If you enjoy his writing, check out his website: http://homesafetyhub.org/

When you have a home, you have a sense of comfort and stability. That’s important at any stage of life, but having a safe, affordable home is even more important for seniors. Still, much of the home-buying advice out there focuses on first-time buyers who are younger. The fact remains that senior homebuyers account for nearly 41 percent of recent home purchases. That means seniors are buying more new homes than ever before, and it also means that older adults may need some specially tailored advice to guide them through the process from start to finish. Here are a few tips to help you get started with buying a new home.

Photo courtesy of Hans via Pixabay

Prioritize your quality of life

“While it’s easy to get hung up on a home for sentimental reasons, it’s smart to think about it in terms of what will keep you physically and financially independent for the longest,” explains MortgageLoan.com. First, ask yourself if you can physically manage living in the home. As you age, you take on a great risk for falls, so it’s worth considering how your new home accommodates those needs and mitigates fall risks. Next, think about whether a home is the best fit for you financially. What amount of money can you afford to put toward a mortgage payment?

A new home should always fit your unique physical and financial needs now and in the future. A realtor can help you find the right home with aging-in-place in mind, not to mention help with paperwork, applications, as well as connect you with their network of preferred lenders, contractors, and appraisers, which is why you should always consult a highly seasoned and dedicated realtor in the area like the professionals at the Oak Street Group.

Feeling a mix of emotions is completely normal

Photo courtesy of Erda via Unsplash

Take time to explore your moving options

We often get so caught up in the excitement of purchasing a new home that we forget to ask ourselves one crucial question: Who will help us move? If this sounds familiar, don’t worry. There are plenty of resources out there to help you with your move, no matter how big or small.

Friends and family are an obvious choice, but unfortunately, that may not be the most practical choice, especially if they live far away. You may be better off hiring a professional moving company (movers typically charge $25/hour per mover) if you do not have relatives nearby or if you have a lot of heavy items to move from place to place. Moving can also be a deeply emotional process for many families, so having a third party help with the packing and arranging can ease some of those emotions, in addition to taking the burden off you and your loved ones.

Purchasing a new home and moving is a big decision at any age. Luckily, it’s not a decision you’ll have to make alone. From financial advisors to senior moving services, there are many professionals out there—in addition to your loved ones—who can help guide and support you during this important, transitional time of your life.

This article is brought to you by the Oak Street Group of Benchmark Realty, a team of local real estate professionals committed to selling some of the most desired homes in Nashville. For more information about our services, contact us today!

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