Tips For Buying A House For Retirement

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Tips For Buying A House For Retirement
Mar 2018
In Green Homes
Are you planning to purchase property where you
actually can live peacefully after retirement?
Then, you certainly jeep some points in mind
before making the final house selection as one
live in secure as well as amenity-enabled place
during old-age. Here are some of the tips to help
to buy a house to reside in post-retirement.
The property, of course, the market today
proffers a wider range of property option for all
investors. But, senior citizens must take the
things into consideration choosing the place as
the home to reside after retirement.
Here is how one can experience happy residing
post-retirement. Look for senior living
project The senior living project is actually a
new concept especially in India, but numerous
realtors, as well as property consultants,
proffer the project. The only difference is the
senior living project is that you certainly have
to specify the detail before the realtors begin
suggesting numerous properties to you. This type
of home includes properties for the income
groups. The prime among the groups is the higher
income senior units which actually costs the
property between 50 lakh to 75 lakh rupees. The
second group includes mid-income senior units
where the property ranges between 25 lakh to 50
lakh rupees. And finally, the third group is of
the low-income group that basically incorporates
the properties with the price between 10-25
lakhs. Search for identical habitat
People prefer a home with the open spaces,
spacious living areas, greenery, and security
while coming closer to retirement age. Thus,
choose the location while looking the choice as
well as comfort in the mind. This is important as
the property bought once the age is expected to
be the final address for the lifetime. Check for
amenities
The amenities, of course, are the prime thing we
look for some time buying the property. The
senior citizens have different requirements but
the lifts in the house, nearby shopping complexes
where they purchase need items. Check whether
housing complex also near to the police station,
hospital and a healthcare center. These are
important for old-age people as these don't know
when you require rushing for emergency
services. Compare property prices Senior living
complexes do cost more than regular property as
amenities as well design of the properties incur
higher construction budget. Thus, you are
expected to pay 1 higher rate for buying the
house for residing post-retirement. Another
reason for the increase in the prices of property
is that the developer or the society offer gated
security to senior living complex. Track
connectivity Ensure you have convenient
connectivity till the railway station, airport,
bus stand and other places, as the old-age people
have to travel as these require visiting their
kid or even loving to go on the vacations. Thus,
ensure to have some smooth connectivity
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between the important places.
Keep these points in mind while you step out in
the property market to purchase the house for
post-retirement living.
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