In: Real Estate

Planning A Home For Retirement

Retirement is an interesting subject. We both look forward to, and dread it at the same time. We know that this will be the golden chapter of our life, but boy, we know we need to prepare for it deeply. Planning a home for retirement can be an incredibly worthwhile venture, especially as you begin to approach middle age and want some more security in your future than simply wondering about it everyday.

Planning a home for retirement might not be easy, but it can be tremendously worth it. Simply having that option open to you can feel rewarding, and you can pinpoint exactly what you might want to achieve ahead of time. This both gives you time to assure what you want is actually what you want, as well as remaining flexible and saving for new potential options.

However, where do you begin? Most of us are so busy navigating the course of our ordinary lives that to think planning a home is also on the agenda can be quite debilitating. With the following advice, we believe you can make a difference:


Location, Location, Location

We’re all quite aware that location is one of the key elements of valuing a home correctly. But the location of your home will mean different things depending on your needs and wants. For example, it might be that a retired couple might like to retire to the midst of the countryside, away from all the hustle and bustle of regular town and city living. However, as they get older, this might prove more and more difficult to enjoy due to mobility issues and the need to travel far for basic local amenities. This isn’t to say they should discount a location like this, just that they should factor in every potential situation before they pull the trigger on that decision.

The locations we choose for our properties can also be involved demographically. For example, if we know many retired couples enjoy purchasing a property in a certain location, we might feel as though the area will be more peaceful, and perhaps more secure – as elderly people are more likely to be home in the middle of the day. On top of that, it could also be that the chances of meeting a local community could be increased with this social potential.


To further explore this, we need to consider how community can benefit us when living somewhere. In retirement, you have plenty of time to experience the full hours of the day. If you don’t make an effort to leave your house to get involved, to make your location your home and to care for its upkeep, then you’ll be lacking a vital sense of community spirit you may be craving. After all, those in retirement moving into their older years will often prize social cohesion and appreciation over the material things in life. Even if you feel like the opposite is true right now, you’ll be surprised as to how the value of friends can dictate your happiness and comfort in a certain area.

Community is very important, and it’s important you give this the weight it deserves. It might just full help you secure how comfortable you feel in a home, and how connected you feel to your local area. This is not something you should brush under the rug, but something you should do your research on before you continue with your further decision making. If you can do this, planning a home for retirement will be more than worthwhile in an emotional sense.


Your Particular Needs

There are many universal ‘goods’ and important things to look for when searching for a property. It is essential to understand this. But by ignoring your particular needs, you will only find yourself trying to fit a mould that might not work for you. It could be that you have express desires or perhaps medical issues that need catering to. Perhaps you simply have an interest in having more creative control over your place, or wish to even construct your own retirement home ahead of time.

This is a perfectly valid strategy. Using granny flat builders can help you consult with the professionals and invest in a long-term construction of your property that will be both brand new for you, and also will hold all of the requirements you are willing to invest in. We often think of the housing market as something set in iron, something we cannot think of changing, we must merely conform to it. But of course, that’s not necessarily true, and understanding your own particular needs in this sense can help you understand that.

It could be that you think this plan is special, and you wish to save for the future in order to achieve it. This can give you years to scope out and purchase the deed to land, gain the license to building rights and to construct said purpose over time. In fact, inquiries like this are becoming more and more common.


Valuation & Long-Term Investments

A house is more than just a home. It’s an investment. By charting the path of the average valuation of homes in a certain area and then drawing back to a certain date, you can see just how the future might pan out, and if it’s been stable or unstable. On top of that, consider how likely it is for your surrounding environment to change. If there are many large and open fields that are not protected by natural beauty clauses, there’s a chance that new homes could be built in the vicinity, lowering your house valuation price.

However, if you have a great location and own a home in an area gaining more and more corporate investment (what many could refer to as gentrification,) you might see your house price skyrocket. It’s important to take this into account when considering a retirement home. This is because not only is this home likely going to be the place you finally settle, but also, when you pass on, this value will be inherited by your family. To that extent, it’s worth considering how this might impact the future.



It might be that you’ve saved a pretty penny for retirement, but at the same time, we all have our budgeting limits. A home with incredible upkeep needs can be as stifling as one that needs to be repaired from the top down. It’s important to consider how your home is going to be run, what changes you think need to be made, and if these issues will persist in the future. For example, it might be that purchasing a home in an area known for incredible winds or even extreme weather could lead you to the stressful need to batten down the hatches or repair broken elements of your property year in and year out.


It can also be that practicality is just an essential part of making your final decision. For example, it might be nice to purchase a home with an extended amount of bedrooms should some of your family members come to visit, or should you wish to host large parties. But it might be that in retirement, you will be less inclined to clean the rooms due to the heavy effort you need to achieve that. On top of that, consider the exterior elements, such as the garden and how that might need to be tamed in the summer. Of course, does this mean you should do without the luxuries? Not at all. You just need to be sure that you can either supplant the cost of hiring professionals to attend to these matters, or that you’ll be able to attend to them yourself for some time.



It’s also essential to consider your home security and what that might mean to you. When you’re in retirement you’re likely getting on in years, and that means you will be less physically able to defend your property. On top of that, the elderly are often the most targeted victims of burglary attempts and home invasions, because criminals know that once they are in, they can put the owners in a vulnerable position.

For this reason, finding a place you can secure easily is important. A good neighborhood watch scheme goes a long way. Knowing your surrounding neighbors can help. Purchasing a home you can install a security system in, and arrange floodlighting to cover the hidden entrances can be a big benefit. On top of that, researching the local crime area and considering how this environment might be to begin with can help you decide where and when you want to settle. Weigh the options. For example, living down a rural road might make it much less likely for thieves to find your home, but on top of that, if you are targeted, getting help from neighbors or the authorities could take a little more time.


With this advice, we are certain you will plan a home for retirement well.