You should start planning for downsizing for retirement as soon as possible. If you are a current homeowner, you have to move before you sell your existing home. S3Living Strategic Senior Solutions in Philadelphia focuses its real estate business on helping active adults moving for retirement. Find out more about their downsizing services and how to prepare for the move of a lifetime.
Retirement Downsizing for Active Adult Homeowners
You and your loved one can determine when the time is right to transition into 55+ adult living. Independent older adults can find a community with all the services and qualities they desire. S3Living’s real estate agents specialize in retirement downsizing. That means we can help you sell your old home and find a newer home with minimal maintenance and senior-friendly amenities.
When it comes to moving for retirement, you and your family can find a strong advocate at S3Living. Transition peacefully to a place that best meets your needs. Part of our service includes educating families and active adults so that you can make a confident decision.
Benefits of Moving for Retirement
Finding an affordable retirement community can help you make new friends and reduce maintenance and upkeep costs. Depending on your budget, you can look for a community with a swimming pool, a fitness center, an activities room, and other amenities that make it easy to stay fit and active.
Many 55+ communities have computer rooms or business centers. Tell your S3Living real estate agent what amenities and locations most interest you.
Suggestions for Retirement Downsizing
If you are considering moving during retirement, these tips can help make the process easier. Reducing your spending frees up money to pay down credit card debt, buy long term care insurance, and pay off your mortgage.
Here are three ideas to help you spend less and save more as you approach retirement age:
Live below your means. Don’t skimp on essentials such as healthy food. Let’s use car buying as an example. If your car dies, consider purchasing a reliable used vehicle. If you have to finance your new vehicle, choose a car you can pay off in three years. Driving your vehicle for as long as possible can also help you avoid a car payment.
Look at your budget and determine what you can spend. If you can afford $500 a month, go a little lower to leave room in your budget for unexpected expenses.
Whenever you make a purchase, ask whether you need it or want it. Needs include buying groceries and paying for prescriptions. A want includes vacation goals and other pleasures that have their place in your budget. If you have six months of expenses in your emergency fund, then you can consider splurging on expensive vacations.
It may sound strange, but you can find as much pleasure saving for retirement downsizing as spending money unnecessarily. When you have a healthy relationship with money, you understand the importance of saving and don’t view it as a sacrifice as much as making smarter financial decisions. Celebrate financial security and consider your long-term goals.
S3Living Provides Retirement Downsizing Services in Philadelphia
S3Living real estate agents represent active adult buyers looking for an appropriate continuing care retirement community (CCRC). We have advantageous relationships with a number of CCRCs and can help you navigate the purchase process. If you prefer 55+ living communities, we love to match vibrant seniors with the right property for active adults in Pennsylvania.
If you need help selling your home in preparation for moving for retirement purposes, this is another specialty service provided by customer-centered real estate agents at S3Living.
Contact us at 833.405.0263 for more information and advice on retirement downsizing and moving for retirement.
