When it comes to planning retirement, the dream of moving to a coastal or beach-type area to enjoy the golden years can seem mighty appealing. However, before you start packing up the boxes and head off into the sunset, it’s important to sit down and decide what you want the most out of your new home.
Here are a few things that you should consider before you make the final decision on where you want to retire.
A beach-type or coastal setting is a great idea for overall health and wellbeing, however, think about the size and type of home you’ll need as you live out your golden days. If you aren’t necessarily planning on spending a lot of money to maintain a home, or if you’re thinking of spending some time throughout the year traveling, a low-maintenance home with a small-sized yard may end up being a better investment than a multi-acre property.
Transportation and Location
How do you like to get around? Do you want to drive, walk, or ride a bike? Do you like to live near the action, or keep your distance? Think about where you want to live, and how accessibility plays into your life, or your future life. For instance, if you wish to live somewhere with a walkable neighborhood, an airport that’s nearby, or access to public transportation such as buses or trams, you’ll want to place these wants and needs at the forefront when picking a permanent location.
Cost of Living
Cost of living is another important factor to take into consideration when picking where you want to retire. You will want to take the time to conduct your own research on factors such as insurance premiums, local taxes, groceries, entertainment, and gas prices. When it comes to managing all of your retirement expenses, you will want to ensure that you will be able to live as comfortably as possible. Additionally, living in a coast or beach area may mean that you will need to invest in flood and/or hurricane insurance for your home.
How Active Do you Want to Be?
Another important factor to consider is how active you plan on being during your retirement. The Urban Institute reports that those who remain active end up typically feeling much more satisfied as opposed to those who aren’t active. If you’re planning on staying active throughout retirement, you’ll want to pick a place that has plenty to keep you physically and mentally active. Wherever you plan on spending your retirement, always try to make sure that there are activities that you can get involved in.
Having access to various healthcare options is another extremely important factor to consider. No matter where you plan to spend your retirement, take the time to check the availability of doctors hospitals, and other types of medical facilities. Additionally, you will also want to look into average healthcare and quality of care costs in the same area as well, in addition to how easy it will be to obtain all of the necessary medical appointments that you will eventually need.
Thank you for taking the time to visit our blog, and we’re glad to have helped you learn more about what to consider when looking for a place to retire. We specialize in Corpus Christi real estate, and we also inform readers about what is up-and-coming in the Corpus Christi community.