Key Takeaways:
- Retirement begins an exciting new phase and plenty of options
- Homeowners often have decades of equity to put to good use
- Contact Linda Craft Team Realtors to strategize for your retirement!
If you’ve been thinking about retirement or have already retired, it’s important to remember that your housing needs may change over time to fit your needs more closely. Perhaps selling your house is becoming more important now as you look ahead to the next phase of your life.
Fortunately, moving during your retirement years is easier than you may realize. Here are a few things to consider that can help you plan your next steps.
The average homeowner is staying in their home longer
In 2017, the National Association of Realtors (NAR) reported that the average homeowner had been in their home for 13 years before selling—up from 8 years in 1995. While there can be many factors at play here, one reason could be due to rising equity levels which allow homeowners to stay put longer without feeling financially strained or needing to move. With enough equity in your home, you have the freedom and flexibility to consider a lot of different options for rightsizing to do what fits you best.
Consider your untapped equity and how to put it to good use
Homeowners have had reason to rejoice in recent years as the value of their homes has experienced tremendous increases. Here in the Triangle, home values are hitting absolute record highs. If you haven’t checked the estimated price of your home lately, our experts can help you sell your home for top dollar. Looking at the average, homeowners who bought their house five years ago have seen it increase by more than 50%, while homeowners who have owned the property for thirty years have almost tripled its value.
Think about your financial and lifestyle goals in Retirement
Moving to a new home can be an exciting process. From moving into a popular active adult community to downsizing, or buying property on a golf course or with a swimming pool, there’s endless ways to make your new home fit your new retirement lifestyle. Fortunately, having equity in your home and reaching out to an experienced advisor can make these dreams come true. Linda Craft Team Realtors has the expertise to guide you through the selling and buying process so you can easily find the perfect destination that fits your lifestyle goals.
Start Your Retirement Right
Whether you just entered retirement or you’re still a few years off and are eager to plan for the next phase, working with the best real estate team in the Triangle will ensure you find your perfect place. Contact Linda Craft Team Realtors today to put your equity to work!