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Planning my retirement home


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Planning my retirement home

I know that this house is going to by way too big for us when I retire. I don't want to have to maintain the house and garden now or have all this money locked up in a house. I want to be able to head off for the weekend without needing to organise people to come around and water the plants for instance! I have been looking into our options for downsizing and have learned about some of the ways we could do that and maximise our retirement income. I hope that the information I have found might be useful for other retirees as well.

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Three Things Nobody Tells You To Ask Your Estate Agent
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Three Things Nobody Tells You To Ask Your Estate Agent

Buying a house can be a stressful experience, but it's the job of a good real estate agent to help you manage that stress. If you're a first time homeowner, chances are you have a vague idea of the right questions to ask; you're going to want to know a bit about the local area and have a solid idea of the kinds of problems you might encounter in the fabric of the building. You might be wondering what you're missing, though--so read on to discover the three major questions you probably aren't asking but definitely should be.

"How long have the current owners lived here, and has the property changed hands often?"

In most places real estate agents aren't allowed to talk to you about the demographics or crime statistics of the area you're in. There are good reasons for this, and you can do the research yourself; but you aren't always in possession of all the facts, and you might want to know more before making a decision. It can be useful to ask why the current owners are moving, but you might get more useful information by instead asking how long they've been there and if a short ownership is typical--knowing this will help you figure out what you need to look into while you're doing your research.  

"Can I see the floor plan or blueprints before I buy?"

It's very common to have work done and extensions built, and it's a wonderful way to improve the value and utility of your home. It's important that you have a clear idea of which parts of your home are original and which are extensions, though, so that you can check the planning permission records to ensure that every part of the property was legally constructed. Looking at the floor plan will also give you a clearer idea of precisely which parts of the surrounding land will be yours if you make the purchase, and knowing that gives you a chance to check whether or not any of the neighboring houses seem to be making use of any of those bits of land.  

"Are you able to show me a recent property sales report for the local area?"

Real estate agents use a wide variety of factors when considering the ideal price point for a home, but sellers don't always follow their recommendations, and it's important that you are able to stay within your budget. Good estate agents understand that people like to be educated about important financial decisions before they commit, and looking at a PSR is a good way to help yourself understand the property market in the neighborhood you're hoping to move to.

For more information, contact a local company like Carter Real Estate.