If you’re planning to retire soon, you may consider buying a house in an effort to downsize and live with less upkeep. Fortunately, a smaller and more accessible space can be an ideal next step for this new life transition. The guide below offers more insight into purchasing a home at this stage of life.

Advice for Buying a House as a Senior

1. Focus on Accessibility

One of the greatest advantages of downsizing after retirement is living with less difficulty and responsibility. When searching for a new home, focus on accessibility, particularly if limited mobility is an issue. Look for single-level ranch-style properties to avoid the hassle of moving up and down the stairs. Seek out homes with plenty of natural light or ample lighting fixtures so you’re never straining during everyday tasks. Consider the bathroom setup as well and whether you can move in and out of the tub with ease.

2. Consider Financing Options

As you’re planning your retirement and looking for a new space, you’ll need to account for a more limited budget. Think about all of the available financing options so you make an informed decision when making a purchase. For instance, if you’re over 62, you may consider a reverse mortgage. This will allow you to borrow against home equity and purchase a home on a fixed income without taking from retirement assets.

3. Develop a Moving Plan

Once you’ve found a suitable property, you’ll want to devise a plan for moving day. Don’t put yourself at risk by attempting to do the heavy lifting yourself. Instead, hire a mover or get in touch with family members who can assist with the move.

You should also think about a timeline and what you need to accomplish in the days and weeks leading up to moving day. For instance, this is the perfect time to sell or donate items you no longer need. Additionally, consider how long it will take to pack everything up and get started early — this includes making sure you have all of the necessary packing supplies available when you need them.

If you’re ready to downsize your space and upgrade to a new property, put your trust in the Denver real estate professionals at Priority Properties, Inc. - Cheri Long in Aurora, CO. Since 1993, Cheri Long has been assisting both buyers and sellers throughout the Denver metro area with a range of real estate transactions. When it comes to buying a house, you can rely on her knowledge, experience, and no-pressure sales technique to find a space you love. Whether you’re looking at condos or houses for sale, she’ll make the process as simple and stress-free as possible. To get started, call today at (303) 263-2072 or visit her online for more information on her services.