As more and more people begin buying second homes in eventual retirement destinations, there are a few things you should consider to make this decision as easy as possible.
- Find the best location: Does the location of your eventual retirement residence coincide with your lifestyle? Do you enjoy activities the area provides?
- Know what is most important to you: Is it close to family? Is it near airports/trains for easy travel? What factors matter the most to you?
- Consider medical care facilities: Is it near hospitals, doctors, and specialists?
- Does the home meet current and future needs: Will you want stairs when you’re retired? Is the house too large to keep clean by yourself?
- Think about rental income the property can bring: Can you rent in this neighborhood?
- Do the seasons change drastically: Make sure you want to live in this area year round. Weather that becomes drastic during specific seasons may be a deterring factor.
