-3 Ways a Retired Homeowner Can Profit-
When it comes to being a retired homeowner, there are many ways to profit. In fact, homeownership in the Tampa Bay area could position retirees and seniors for a more comfortable retirement.
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. Also, there is opportunity for quick returns and equity on sought-after condos in senior communities.
With recent years of home values 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.
In recent years, rental rates across the Tampa Bay area have been soaring to new heights. 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 or property manager 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.