Selling a home at any stage of life can be complicated with several complex factors to consider. When is the right time for a senior to sell their home?
When Should Seniors Consider Selling Their Home?
Here are five considerations every senior should make when deciding whether or not to sell their home.
Are You Safe Inside Your Home?
One of the leading causes of senior citizen injuries is falling at home. At some point in time, it may be ideal to make some safety updates to your home. Basement stairs, porch steps, and other household items may make it tough to navigate.
Aging adults who have balance issues could be at a higher risk of tripping and falling inside their home. Safety should be a top priority for any senior, especially those who live alone.
Can You Handle All Home Maintenance Needs?
Some homeowners can simply pick up the phone and call a service to take care of their household maintenance needs like mowing their yard. However, this is not affordable for everyone.
Aging poses a serious threat to homeowners that want to keep up with all maintenance needs themselves. Properly maintaining a house can include such tasks as landscaping and gutter cleaning. Homes will undoubtedly become harder to maintain over time.
What Is The Cost Of Living At Home?
Even if you have completely paid off your home, the cost of remaining in the home may be a bit higher than expected. There are many large expenses that come with maintaining a home as time goes on, such as replacing the roof or an AC unit. Older homes tend to require more maintenance needs altogether.
Another important thing to keep in mind is property taxes. Even if you don’t have a mortgage payment, you will continue to pay property taxes.
Make sure to consider a few other costs, including:
- Heating
- Cooling
- Utilities
- Maintenance
- Trash
What Is The Current Housing Market?
It’s always wise to take into consideration the current housing market before listing your home. A hot market could ultimately lead to a massive return on your investment. A cold market, however, may lead you to wait on listing the property.
Could You Benefit From A Senior Living Community?
The time may be right for you to enjoy a maintenance-free lifestyle moving forward. Assisted living communities are ideal for seniors who need help with day-to-day activities.
These senior living communities will provide personalized care in a residential setting. Here are a few things most communities offer:
- Meal plans
- Housekeeping
- Medication needs
- Transportation
- Laundry services
- And more
Retirement Community In Surprise, AZ
Chaparral Winds is a beautiful, assisted living community near Sun City, AZ. Being able to socialize with other residents becomes an integral part of many peoples’ lives and Chaparral Winds Assisted Living offers common indoor space to support that need. If a resident requires assistance moving from a bed to a wheelchair or vice versa, this facility has staff who can help.
Address: 16623 N W Point Pkwy, Surprise, AZ 85374
Phone: (623) 975-0880
