One of the benefits of working with Matthew Dixon, a Registered Financial Consultant, is the ability to plan your retirement to include what you want to do. For some people in and around Seneca, SC, the goal of retirement is to have the freedom to travel, see the world, or try something completely new.
For other people, one goal in retirement may be to move into a new home. It is a common assumption that retirees are interested in downsizing or moving into a condo, apartment, or adult community. However, as with all aspects of retirement, this is only a generalization, with a significant number of couples or singles planning on making a home purchase after they stop working.
Benefits of Home Ownership
Moving into a home in Seneca, SC, can be a retirement goal for those from out of state. Buying a home gives the individual or couple the ability to build up equity in the home with a relatively low-risk type of investment. Choosing a home that has a high resale value is a critical decision as the home itself can become a source of income in the future.
Of course, homeownership comes with costs as well. Home insurance, maintenance costs, or even upgrades and renovations must be factored in if you are considering a purchase. Matthew Dixon works with you to determine how to budget for this in retirement.
Your Long-Term Goals
Increasingly, people are interested in aging in place or staying at home in their senior years. Purchasing a home rather than renting provides great stability and the option to modify the home to meet your needs in the future.
