Tag Archives: Retirement
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Port St Lucie Cascades-Buy a Home or Rent

10 Jan

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Port St Lucie Cascades-Buy a Home or Rent

You don’t have to be on the verge of retirement to begin thinking about the nuts and bolts of your future living arrangements. There is more to it than just adjusting your monthly budget. For many people who are winding up their full-time working lives, a governing decision – one that will affect countless others – is whether to buy a home, continue in one you already own, or to rent.

Some retirees view shedding home ownership as a stress-reliever. If they decide to migrate — whether to a milder climate or to be closer to the grandkids — those folks are less inclined to buy a home in their new community. For others, the decision can be more emotional: many of us who have long owned our homes would be uncomfortable any other way.

If it has been years since you’ve even thought about the buy a home vs. rent decision, writing up a list of the current tradeoffs isn’t a bad idea. There are many dimensions to consider, but in the financial area, some bullet points on that list:

  • Risk    When you own your home, you control an asset that historically stands to increase in value over the long term. However, owning does involve financial risks — such as unexpected maintenance costs or insurance deductibles. Short term, market fluctuations do occur, and that can hurt if it becomes necessary to sell under time pressure. On the other hand, rents rise to cover landlord expenses — and taxes and insurance generally head in one direction: up!
  • Opportunity  When choosing whether to buy a home, rent one, buy a condo, or rent an apartment; you need to ask yourself a fundamental question: do you view your housing arrangement as an investment opportunity — or as just a line item in your cost of living? If your budget leaves some breathing room, the investment idea may look inviting. If not, tight finances might turn maintenance expenses into major hassles.
  • Bottom Line   Overall, the most important factor will always be your budget. Retirement generally means a fixed income – a lifestyle that rewards careful planning (and a sharp pencil!).About the Author:  Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida.  Millie is Vice President of Bold Real Estate Group, an agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties.  For more information please forward your request to communityinfo@comcast.netAre you tired of scouring the newspaper and MLS listing sites looking for homes in Florida?   Tired of playing telephone tag with Realtors only to hear the home’s already sold?  Sit back, relax and let Bold Real Estate Group and our team of professional Realtors do the work for you!  Just visit our website and check off the properties yuor’re looking for.  This service is FREE and there’s no obligation!

    View thousands of listings  www.BoldRealEstateGroup.com,  www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.Northeast-Florida-Relocation.comwww.HealthcareRelocationServices.com

A Home On Wheels?

6 Nov

A home on wheels?  How much “stuff” do you need? Have you ever felt over-burdened by too much square footage and a large mortgage? Many people feel this way and wonder, how can I downsize to an affordable lifestyle? There is a simple answer to that question – downsize to a portable home on wheels.

Many retirees are shedding a mortgage payment of over $1,000 per month, and purchasing 84-square-foot homes. Imagine a total cost of about $10,000-$20,000 to build the tiny home, and a monthly heating bill that totals about $15. Yes, it is possible, and if these tiny homes are not sold in your state, you can pay to have it towed or shipped to you.

Perhaps the hardest part of downsizing is eliminating time-honored mementos, but it can also be liberating. Letting go of the past and all the things that are holding you back; this does not mean you are simply tossing your life aside; you are making room for a new lifestyle with new memories.

The majority of tiny homes are built for 1 to 2 people, as the space inside is small. Retirees quickly see the advantage – saving lots of money. Most people who migrate to these downsized spaces usually save about 90 percent or more per month than they were spending in a larger home.

Financing

If financing is necessary, it can be challenging to get the loan. Simply put, banks are wary of these tiny homes. Banks want to see something bigger than a one-bedroom house because it brings up the concern about resale value. Many retirees are simply selling their large home, buying a home on wheels and pocketing a huge profit.

Advantages of Downsizing

• Very little cleaning
• Few, if any monthly bills
• You can move your home wherever and whenever you feel the need to leave. Simply pack and hitch your home on wheels on the back of your SUV.

The bottom line is, everyone is feeling the economic shift and looking for ways to save money. If you don’t mind the very cozy quarters, these homes on wheels can become the answer to financial difficulties.

About the Author:  Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida.  Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties.  For more information please forward your request to communityinfo@comcast.net

View thousands of new and resale homes:  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com a Golf Style Private Community,  www.TheCascadesAtStLucieWest.com  a 55+ Resort Lifestyle Community, www.HealthcareRelocationServices.com

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Master-Planned Communities For Active Adults-Not Your Typical Subdivision Anymore

4 Aug

Master-Planned Communities For Active Adults-Not Your Typical Subdivision Anymore

Retirement living is changing drastically – these days you’re more likely to see residents zooming by on motorized golf carts and jogging that 3rd mile, than chugging along in a push wheelchair. This is not your grandmother’s retirement community.

Many of these master planned retirement communities are age-restricted and often located near metropolitan areas or nearby suburbs. The minimum age is typically 55, with one member of the household qualifying. Some communities restrict ownership to those who are age 62 and older, and all occupants must be at least 62.  Many are gated and private.

Living in Style – Amenities

How do you know if you’re in a Master-Planned Community or simply a typical subdivision? Generally, they are distinguished by the tremendous number of amenities and conveniences;

Club House
Golf Courses
Libraries
Fitness Centers
Swimming Pools and Spas
Arts & Crafts Centers
Billiards and Card Rooms
Tennis Courts
• Basketball Courts
Continuing Education Classrooms
• Hiking & Biking Trails
High-Tech Media Centers
Banquet and Ballrooms

The list is endless; it’s like an on-going vacation that never ends.

So why would you move out of a perfectly comfortable home that has served you well and into a retirement community filled with strangers? Just think of all the benefits waiting for you.

• Single-story living.
One level means those facing troubled knees or aching bones aren’t forced to climb stairs.

• Birds of a feather.
Your neighbors are unlikely to be screaming teenagers on skateboards; they are people just like you.

• Little or no yard maintenance.
The homeowner association mows lawns, waters gardens, trims trees, sweeps walks and, in areas where it’s needed, provides snow and ice removal.

• Resort living.
Fun-filled activities are located within walking distance or an easy commute. All fees are included.

• Mix work with play.
Many of today’s seniors are not ready to live a life of 100% leisure and want to continue working or perhaps start a new career. Homes in retirement communities generally include an office, den or separate workspace.

It’s also all the intangibles like human services, religious diversity, community spirit, healthcare and lifelong learning that are the cornerstones of these master planned retirement communities.

When choosing where you will retire, ask yourself, what type of life do I envision?

3 DAY DISCOVERY TOUR PACKAGE & 3RD NIGHT FREE!!!

NEW CONSTRUCTION FEATURED COMMUNITIES LOCATED IN

NAPLES, JACKSONVILLE, OCALA, TAMPA, ORLANDO, PONTE VEDRA

About the Author:   Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida.  Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties.  For more information please forward your request to communityinfo@comcast.net

View thousands of listings  www.Northeast-Florida-Relocation.comwww.BoldRealEstateGroup.com,  www.NewYork-Florida-RealEstate.com, www.PGAVillage-Homes.com, www.TheCascadesAtStLucieWest.com, www.HealthcareRelocationServices.com

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