If you’re recently retired, you’re embarking on a new lifestyle, complete with different routines, costs and choices. You may even be thinking about moving to a new home and area. If that’s the case, consider these important points. They might help you to make the right choice.

Downsizing may save you money

When moving house, downsizing can be an attractive option. Smaller homes usually cost less in rates, maintenance and energy consumption. There’ll be fewer or smaller rooms to heat up or cool down. And while it may take time to get used to a smaller home might lower the cost of living which could make you happier in the long run.

Less maintenance means less stress

A smaller home usually means less maintenance – both inside and out. So, if a big garden seems like too much work, or if you’re no longer interested in maintaining a multi-bedroom home, you might want to opt for a small garden unit, two-bedroom house or high-rise apartment.  

Check out the amenities and public transport

Whether you’re moving to a smaller unit or a big country acreage, consider the proximity of major amenities, including supermarkets, heath providers, banks, and recreational facilities. Are these accessible by car or public transport, so that they are convenient at all times? 

A retirement village or aged-care facility may be an option

A village could be both sociable and supportive – particularly if you want to live independently among a close community of fellow retirees. Alternatively, if you have specific health needs requiring regular assistance, higher-care facilities are also available.

Review what you really want

Be clear about what you want out of your retirement and try to approach your impending move with enthusiasm and energy. If you’ve always envisaged living by the ocean, or settling into urban life among city art galleries and restaurants, the next home you buy may be your last chance to indulge your dreams. 

Consider loved ones                                                                                                                     

Choosing can be particularly difficult if the perfect place is far from those who are most important to you. If you’re hoping to spend more time with grandchildren, family members or friends, consider areas close to these people. 

Do your research

The prospect of moving can be both daunting and exciting, with many factors to consider. Once you have some idea of what you’re looking for, start researching and gathering opinions to help you make an informed choice. Scan real estate websites, read articles on the pros and cons of moving in retirement, seniors associations, retirement or aged-care facilities, and loved ones.

When you’re ready to take the plunge call or email me  admin @sres.com.au and as an accredited Seniors Real Estate Specialist, an SRES, I’ll be only to happy to talk to you about the various options available.