How to Find a Post-Retirement Property for Homesteading in Your Golden Years
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Your retirement years are meant for pursuing new hobbies, activities, and interests — and spending time with your children, grandchildren, and other dear ones. And if you enjoy entertaining family in your home, it might make sense to upgrade to a larger house with plenty of land for pursuing new hobbies like homesteading, gardening, birding, and raising chicks. With all that extra living space and land, you’ll be able to welcome your family whenever they’d like to come for a visit.
While downsizing may be a popular decision among many retirees, it isn’t right for everyone. Below, we have some tips on finding a larger post-retirement home that can be used for homesteading, securing financing for your purchase, and moving into your new home as safely and comfortably as possible. And once you’re ready to begin your search for a new location with plenty of land for homesteading, visit Vacant Land of the Free to find discounted vacant land for sale. Read on to get started!
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Find the Perfect Home
If you’d like to start homesteading in your Golden Years, there are a few things you’ll need to consider when searching for a larger home to grow old in with all your loved ones. These include the following:
● Your home buying budget
● The types of projects you’d like to start on your homestead, such as raising chickens, planting a backyard garden, and/or generating your own energy
● How much indoor and outdoor space you’ll need for you, your guests, and your homesteading hobby
When searching for properties after retirement, however, you’ll also want to keep accessibility in mind to ensure that you’ll be able to live safely and comfortably in your new home for many years to come. An experienced real estate agent can help you to find the perfect property that checks all your boxes and more.
Finance Your Purchase
Once you’ve found the perfect home for all your post-retirement hobbies, you’ll need to determine whether to finance the purchase of your new property. Depending on your financial situation, several types of loans may be available to you:
● Conventional financing. With conventional loans, you receive low interest rates and a lower required down payment. With a higher down payment, however, you can avoid paying mortgage insurance.
● VA loans. If you or your spouse served in the military, a VA loan could be another affordable option to consider in retirement. In addition to receiving a low interest rate, you could buy a new home with no required down payment — and avoid paying private mortgage insurance. Explore your options by reviewing current rates.
Plan a Safe, Injury-Free Move
After finding a new home and securing the financing you need to purchase it, it’s time to start planning your move. To protect yourself from common moving injuries like straining your back or injuring your knees and muscles, it’s important to enlist the help of friends and family members — or hire a full-service moving company.
Once you’ve settled into your perfect post-retirement home, you can begin to host your kids and grandkids for weekend getaways at your homestead — and you can start growing your own food, building a chicken coop, and tackling any other projects that interest you. Your Golden Years are meant to be enjoyed — and the more you can do to stay busy and active — the happier and healthier you’ll be!
