One of the most significant decisions many make when they retire is choosing whether or not to stay in their current home. Some already know precisely when they will retire and exactly where they want to live when that happens. For others, the answers are less clear. There are some definite benefits to making a move after retirement. Keep reading to see if moving is right for you and your situation.
Family – Without a job tying you down to a specific location, now may be the time to move closer to family. Many retirees want to spend their retirement enjoying the company of their children and grandchildren, and that means relocating. Having supportive loved ones close at hand can be crucial as you age. But before you take the plunge, consider how likely it is that your family will stay put and what you’re going to do if they have to move to another city or state for work or education.
Adventure – When you are retired, you will have more time to devote to your interests and hobbies. You are free to move to a destination that you’ve always dreamed about, to an area that will offer you new opportunities and new adventures. If you’ve always wanted to live near the ocean, in the mountains, or within a major city, retirement may be the perfect time to realize those dreams.
Finances – Moving to an area of the country with a lower cost of living can go a long way towards improving your financial situation. The idea is that reducing your daily expenses allows your retirement income to extend further so that you can maintain the same quality of life with less money. Be sure to calculate all the financial implications before you make a move during retirement. This list includes closing costs, moving costs, state income tax rates, healthcare costs, storage costs, transportation, remodeling expenses, etc.
Downsizing – Another way to reduce retirement expenses is to downsize from a larger home to a smaller home in the same area or a completely different region or state. With a smaller home, there will be fewer maintenance costs, the utility bills will be lower, and you will pay less in property taxes. Of course, downsizing is not always about reducing expenses. The goal of downsizing could be to reduce the amount of time you spend maintaining your home, giving you more time to travel. Another reason to downsize is to find a home that better fits your needs as you age. It may be more cost-effective to move to a senior-friendly home rather than try to modify your current home.
Zippy Shell portable storage containers offer the perfect solution for those looking to downsize. Our portable storage containers eliminate the obstacles standing between you and your retirement dreams. We provide simple storage solutions for the home staging/home selling process, and we can safely store your belongings as long as you need. When the time is right, we will deliver your belongings to your new home. Zippy Shell has got you covered!