3 Ways a Retired Homeowner Can Profit
As we celebrate National Homeownership Month this June, our Florida real estate team looks forward to helping you enjoy these three benefits from owning a home in Pinellas, Pasco, or Hillsborough County.
First, Homeownership Helps Seniors Build Wealth.
A retiree’s wealth does not have to stop growing when on a fixed income. In fact, a retired homeowner can grow his or her wealth with the right real estate investments. For decades, the Greater Tampa Bay Area real estate market has offered long-term appreciation.
With recent years of rental costs rising, it simply makes financial sense for Florida seniors and retirees to get in on the benefits of homeownership. The key is for a retired homeowner to downsize into a smaller home or condo for your set budget.
Second, Stability is Priceless for a Retired Homeowner.
The olden days are long gone for thinking a rental unit or apartment might be cheaper than owning a condo in cities like Tampa, St. Petersburg, Clearwater, Wesley Chapel, and surrounding areas.
Generally, for retired homeowners, the stability of not having to deal with a landlord raising the rent or unexpectedly forcing a move is a priceless benefit.
Our real estate team specializes in helping seniors navigate the entire real estate process. This may include downsizing from a larger home, finding VA and mortgage loan specialists, and moving with ease into a new home. Ask us about booklets with names of service providers recommended by satisfied customers. Our valuable books of insights could help you – before, during, and after your move.
Third, Seniors Can Personalize Real Estate for Security.
Importantly, security and safety are essentials in senior real estate. Property ownership allows seniors to personalize and customize spaces for their unique needs. In contrast to renters, homeowners can also profit with returns on investment for home renovations like installing smart locks, alarms, mounted grab bars, or extra lighting in halls and doorways.
As specialists in serving seniors, we know the best approach to sell, downsize, and find a new home. We can personalize your home search for first-floor condos to avoid stairs, buildings with elevators, one-story homes, walkable communities to forego driving, or 55+ active-living communities with recreational perks and maintenance services.
Contact Dick Nielsen of Keller Williams Tampa Properties for buying, selling, and investing in Florida real estate. Ask us how Karla Nielsen can also offer helpful advice and referrals as an agent with Ubaldini Enterprises Inc.