Like so many middle-aged folks still in the work force and retirement age looming, the question of whether or not to sell your home and move will become a hot topic. There are seven factors that you should consider when choosing the home you will retire in:
Affordability - Would moving to a complex with homeowner association (HOA) fees actually be cheaper than having to hire all the contractors you would need to maintain your home, lawn, etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement?
Equity - The equity you have in your current home may be enough to purchase your retirement home with little to no mortgage. Homeowners in the US gained an average of over $16,300 in equity last year. Seattle homeowners gained significantly more!
Maintenance - As we mentioned earlier, would a condo with an HOA fee be worth the added peace of mind in knowing that you do not have to do the maintenance work yourself?
Security - Any additional security and an extra set of eyes looking out for you always adds to peace of mind.
Pets - Evaluate all of your options when it comes to bringing your ‘furever’ friend with you to a new home. Will there be necessary additional deposits if you are renting or moving into a condo? Is the backyard fenced in? How far are you from your favorite veterinarian?
Mobility - 60 is the new 40, right? People are living longer and are more active in retirement, but that doesn’t mean that down the road you won’t need your home to be more accessible. Having to install handrails and making sure that your hallways and doorways are wide enough may be a good reason to look for a home that was built to accommodate these needs.
Convenience - Would relocating to a new area make visits with family easier or more frequent? Beyond being close to your favorite stores and restaurants, there are a lot of factors to consider.
Bottom Line - When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, give us a call at the numbers below to help determine your ability to sell your house in today’s market and get you into your dream retirement home!

Sandra Brenner and Steve Hill are Brokers and REALTORS at Windermere Real Estate/FN, SEATTLE-NORTHWEST | 206-271-7100