You have worked so hard to be able to retire, so make sure nothing is holding you back.
Now is the time to live your life to the fullest and pursue hobbies and interests that you never had time to pursue before. Dealing with residual baggage from your professional life can be extremely draining. But more surprisingly, the biggest issue you might face during retirement is where you live! Indeed, this is why so many retirees want to downsize to an assisted living home in Rocky Mount, VA.
More Isn’t Always Better
A large family home may have been ideal for some people a few decades ago when they were raising children and having a full-time job. But now that you’ve got an empty nest, the majority of that large home is probably empty. This translates to a lot of space to tidy and clean, not to mention heat and cool. Furthermore, maintaining a large property can be troublesome.
All of this not only drains your financial resources, it also takes up a lot of your time. Consider how many opportunities you would have if you weren’t spending so much time cleaning a large house or spending your savings on maintenance. This is why, despite sentimentality and nostalgia, many retirees choose to sell their old houses.
Kick Your Savings in the Pants
There are additional financial reasons to downsize. Aside from getting out of the hassle that comes with a large house, there’s also the issue of equity. Most retirees own their homes or are nearing the end of their mortgage payments. If you sell the house, the equity could provide a significant boost to your retirement savings.
Retirement communities provide some of the best and often most affordable places to live. One of the amazing new trends in senior housing over the last few decades has been the rise in retirement communities that have resort-style amenities. Nowadays, retirement communities provide a wide range of resort-style amenities designed to assist residents in maintaining an active and fulfilling retirement lifestyle. We’ve broken down some of our favorite amenities in retirement communities, ranging from more common features like a gym, swimming pool, or dining hall to exclusive features like game rooms or spas.
To keep residents active and engaged, retirement communities frequently provide a wide range of social and recreational activities. This can range from card and board game clubs to arts and crafts classes, theater and musical performances. Many communities also have libraries, computer labs, and other resources to help residents continue their education through initiatives such as classes and lectures.