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Important Considerations for Seniors Buying a New Home

Written by: Kent Elliot

It’s not easy to accept all of the physical issues and limitations that start to develop as we get older. While there are some behavioral and medical factors that can alleviate some of this stress, all seniors will inevitably face some mobility problems during their lives. Fortunately, this process is gradual and not entirely debilitating for many people, but there may come a time when seniors have to look for a new, more accessible home. Whenever a senior’s current living situation is making their physical limitations worse, it’s time to make a move. Here are some things that seniors should look for when buying a new home.

Affordable Price

Many seniors are limited in their spending due to the amount of money in their savings account or pension plan. As debt and loans could cause unnecessary stress, it’s important for seniors to find a new home that they can afford (this calculator can help). Before starting the search, seniors should determine the average selling price of similar homes in the area. This can provide a rough estimate for how much can be spent on a new home. It’s also crucial to consult with an expert realtor like ParkSide Realty Group. Not only can they put you in a home that fits all your needs, but they also will have insights on the local real estate market.

Manageable Size

Size is always a major consideration for homebuyers. However, young couples and families are typically looking for extra space in the form of a larger home with a basement, second story, and a lot of square footage. While size is still an important factor to keep in mind for seniors, they should actually look for something smaller to spend their golden years.

A smaller home comes with a host of advantages. First, seniors will experience less stress on a weekly basis because of the home’s easier maintenance in terms of cleaning and repairs. A smaller home also makes it easier to move about, as there are fewer places to go. Another great feature is the lower monthly cost of utilities.

Accessible Design

Having a smaller home will make it easier for a senior overall, but there are still some features regarding accessibility that must be considered. If possible, finding a home without stairs is a great place to start, as it eliminates many problems that seniors face when living alone. It’s also helpful to find a home that has spacious hallways, wider doorways, and rooms without much clutter. This makes it easier for seniors to move about and decreases the risk of injury or accident. It’s important to not forget about the accessibility of the outside of the home as well.

Convenient Location

Although moving is never an exciting process, it can represent some great opportunities for seniors. Having the chance of finding a better-suited location can mean a higher quality of life. Seniors and their loved ones should brainstorm the needs and wants that they’ll have on a daily basis, and then find a location that can provide the best combination of these requirements. While every senior will have specific preferences, it’s always important to find a home located near proper medical facilities, friends, and family members.

An Alternative Option

Many seniors will reach a point in their lives when it is difficult to handle the day-to-day responsibilities of living alone at home. Instead of making the direct transition to an assisted living facility, it may be possible for some to continue living alone in an independent living community. These communities can take care of housekeeping, meal preparation, and laundry while still providing seniors the opportunity to socialize and participate in the activities they enjoy. Tour local facilities in your area to get an idea of costs and what each community offers.

There may come a time when seniors can no longer live in their current home. When seniors look for a new home, it’s important to find something that is more accessible, smaller, affordable, and better located.

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