Buying your retirement home, just like your normal suburban property, should not only coincide with price alone, but also a distinct set of criteria that have to be carefully considered. If anything, you should always aim to get the best possible deal you can, where all these factors are considered, when choosing the home you want to settle in. When planning for retirement, one is always looking to make their life as comfortable as possible, and that includes not overspending when making their investment. This means that when buying a home, they want to do it within the budget. Now, that’s where the challenge comes in – trying to balance affordability with meeting one’s needs. The question is, where can you find such a property? Where can you find the best deal? The answer to these questions is pretty simple: Florida.
Why Florida?
Retirees have always considered Florida as one of the most desirable places for life after work. Frankly, it is easy to see the reason why this is the case. For instance, places like Marco Island, which experiences annual low temperatures of 63 degrees and a high temperature of 80 degrees, is a favorite among seniors due to the fact that the temperate weather throughout the year is always favorable to them and they are able to avoid the pesky arthritis-aggravating cold weather completely.
Moreover, Florida is one of the few states in the United States that have no state income tax, no inheritance tax, and also no estate tax. This is of course very good news to individuals that are on a fixed income. When we talk of retirement, what actually clicks in one’s head is relocation, and it is actually what it is. This means that the retiree has to sell the home he used to live in, probably in the city, and buy a property in a quieter and more affordable home to spend the rest of their lives. And so, the low cost of living in the state of Florida, especially compared to other potential locales to retire in, is a very attractive feature for those looking for a relaxed lifestyle without having to spend too much.
There is a concern that’s always in the minds of the retirees: their life will be getting boring after they retire. Well, that’s very unlikely in Florida! In this sunshine state, there’s always something to do including outdoor activities such as swimming, golfing, and fishing, which are, in fact, very healthy and good for your body. The state also has an abundance of fun physical activities – and are not just for the seniors. Truth is, part of the reason why the seniors love the state is simply because the juniors like it too. Florida is considered by many in the United States as a vacation destination, and children and the grandchildren love it there as much as their grandparents. You find that there are always outdoor family activities, and if you are a senior who happens to retire in the state, you can as well prepare yourself as your grandchildren won’t leave you and will want to live with you permanently, and that means there is no way your life will get boring.
The fact that Florida has been a fantastic retirement destination for so long is perhaps one of the reasons why the state is and continues to be a favorite among retirees to this day. Look, with so many seniors choosing to buy a retirement property in Florida over the years, and many more still planning to do it, businesses and services targeted to an older clientele such as care practitioners, has seen it quite necessary to move into the state as well. As we age, health care becomes more and more essential. When you look at other retirement hotspots in the country, you will find some areas where you will have to wait for hours for just a routine check-up. But in places like South Florida, things couldn’t more different considering the health care sector is established, growing, and quite frankly, thriving. So, if you are looking to buy a retirement home, you should consider Florida – and at least you have reasons now.
Buying a retirement property in Florida
Now that we have looked at the reasons why Florida is the state that you should be retiring in, let’s go a step further in helping you identify the specific cities where you should consider buying property. But before we dive into that, let’s cover something here: for those retirees who are torn between buying and renting homes, you shall rest assured that buying is way cheaper than renting when it comes to your retirement property in places like Florida. After all, renting is more short-term than long-term, and when retiring, you are looking for a place to spend the rest of your life, and eventually pass it on to your next generation. Always think long term when it comes to investment.
Now when looking for a property in Florida, of course, you would want to choose the exact city where you will get the best deal possible, and of course not compromising on all the other factors. Here are the top 3 cities you should consider first:
Naples – this city is not only the best place to buy a retirement home in Florida, but it’s also the best place to retire in the nation, especially the southern side. The city is located on the southern side of the state, on the coast of the Gulf of Mexico. The reason why you need to consider this city is due to the presence of numerous medical centers – over 30 of them for 1000 residents. Also, over 50% of the city’s population is seniors, which makes it friendlier if you choose to retire in it. And with ample golf courses as well as several other recreational activities, you are in for a life!
Venice – this is the town of shark lovers, as it is known as the ‘shark’s tooth capital of the world’, and there are annual festivals with regards to the same. Venice Florida real estate is pretty affordable and there are numerous medical centers, which means your health will be cared for. And if you are worried about being alone in a neighborhood of much younger people, then you will be happy to know that seniors account for nearly 60% of the entire population in the city!
New Port Richey – this town is the other locale that’s within just a spitting distance of the Gulf of Mexico. Its proximity to Tampa means that you will have access to cultural attractions such as sporting events and museums. Also, the presence of recreational facilities, retirement communities, and medical centers makes the area more senior-friendly. The real estate sector in the city is doing really well and seniors have flooded the city due to its affordability and convenience.
To wrap it up, above everything else, when buying a retirement property, you need to ensure that it coincides with everything you need the most. The price of the property isn’t all that matters, there are several other factors that come into play when you decide to buy a home that you will spend the rest of your life in. All in all, if you are looking for a good-value-for-money retirement property deal, then you shall definitely consider Florida.
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