If you are considering moving to be closer to family or just to be in a warmer climate we have a few tips when it comes to finding your new home. Here are seven questions you want to ask yourself before you purchase your next home as a senior.
Can the home be easily modified? When finding your perfect home you want to make sure that things can be changed in the home. For example let’s say down the road you need assistance getting around with a walker…can the door width be changed to accommodate a walker or wheel chair?
If you get a house with stairs can you manage? A ranch style home is a home that is one level, it could have a basement but typically has no stairs in the home. The ranch style home is ideal for older Americans who many have limited mobility later in life.
Does the bathroom fit your needs? Senior modified bathrooms are starting to become more common remodel for homes. However not all homes can easily to modified to fit the senior tub. If you are looking for a new home this is something you want to think about for the future.
Does the size of the home fit your needs? Some empty nesters feel that they need to down size once their kids have moved out. However, it can be difficult to down size because of all the things that are currently in the home. If you are looking for a new home you don’t have to down size if you don’t want to. However, you should be looking for a home that would require less maintenance to make it easier for you to take care of.
Does the location make sense? You want to make sure the location makes sense for a multiple of reasons. Does the home close to a hospital, friends and family, and shopping?
Does it have everything that you are looking for? This will likely be the last home you live in. Does it have everything that you are looking for in a home? You shouldn’t just settle for a home because it covers most of the things you are looking for. You can find the perfect home that is in the perfect location and has everything you are looking for.
Has the big ticket items of the home been recently updated? How old is the roof, how about the furnace? These are things that cost a lot to replace, fit or update. When you are looking for your new home you want to make sure that these types of things have recently been purchase or updated.
Did you know that One Reverse Mortgage offers the reverse for purchase program? We do! What is a reverse for purchase? It allows you to finance the purchase of a home using a reverse mortgage. So before you buy your next house, consider purchasing it with a reverse mortgage. One Reverse Mortgage has licensed experts who work only in the reverse for purchase loan option and can help you decide if the program makes sense for you and your financial goals.