Retirement Property Guidelines

Often one of the main headaches of retirement is accommodation. Various questions often plague those with retirement in the offing.

Planning in advance and purchasing a retirement property ahead of time can not only save you a great deal of stress, it can also provide you with financial security. Often your fifties are a good time to get on with saving, with many couples’ children moving off their ‘payroll’ and debt obligations being wound up.

Many people who buy retirement properties early rent them out until they themselves are in a position to take occupation. This gives them the choice of the best positions in the estate and allows the development to mature before they move in. Also, the value of these properties appreciates over time, especially once a waiting list builds up, which means a healthy return on their investment.

Convenience and cost-cutting are the two biggest factors to be taken into account when considering a retirement property. Make yourself as nimble as possible by downsizing and buying a lock-up-and-go property that allows you to travel overseas and visit friends and family for months on end.

Source: Marcie Williams, REMAX PROPERTIES

PMB/Midlands