Buying a home is very different when you are over the age of 60 than it is at any other age. The real estate team at Gilbert Realty have helped many seniors find their dream homes in Mountain Home, AR. To ensure you make a smart purchase perfect for your retirement, they’ve shared a few factors you should consider before heading into your search.

A Guide to Buying Real Estate After Age 60

Why Buy?

Getting a brand-new mortgage after 60 may seem like a big commitment, but it’s proven beneficial for a lot of seniors. Owning your own home offers a financial and lifestyle security you can’t get by renting. That type of security becomes particularly important as you get older. For example, landlords can decide at any time that they are going to sell the home and decide you must move out. That type of forced, last-minute change is extremely disruptive in your 70’s and 80’s. With people living longer and a great variety of in-home care options, owning and living in your own home is a solid option.

What to Consider

There are a few considerations older people have that younger buyers won’t. First, consider the care of the home. As you get older, handling the landscaping and exterior maintenance of a property will get more challenging. A home with acreage may no longer be your best choice. Many seniors buy a condominium or a townhome since the work will be handled by the property management company.

Second, consider accessibility. Single level homes are an excellent choice for those who are concerned about stairs. If you’re worried your eyesight will change and you may not be able to drive as you age, think about how you’ll get around. Do you have family close by who can drive you around for errands, or do you want to find a place with public transportation nearby?

If you’re considering buying a home for retirement, work with a real estate agent who knows the area well and has worked with others your age. The team at Gilbert Realty are the experts of the area. Whether you want a charming condo or a great deal among local foreclosure homes, they will help. Contact them at (870) 425-6282 to discuss the right real estate purchase for your financial and lifestyle goals in retirement. You can also find more information on the company online.