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Money Saving Tips :: Senior New Homes
Senior New Homes: What Senior Citizens Should Look for in New Homes
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If you're a senior, new homes offer the appeal of lower prices, minimal maintenance and high-quality construction without the hassle of dealing with a seller or older homes. However, before you buy a new home, make sure you read on for a list of things you should look for when purchasing a brand new home.
Retirement Community or Not
Depending on your lifestyle, you may or may not want to purchase a new home in a retirement community. The benefit of purchasing property in a senior new homes' subdivision is that your home may come with access to golf courses, recreational facilities, ground maintenance and other, like-minded and retired neighbors.
The downside of purchasing a retirement property in a planned senior's community is that you'll most likely have to pay an ongoing monthly maintenance fee, much like a condo fee and you may find yourself limiting yourself to activities based inside your gated community.
Quality Construction
You want to spend your retirement years enjoying your home and free time, not repairing your property or arguing with developers over poor construction. Avoid these issues by looking for a new construction property that's been built by a quality, local builder with a strong reputation.
And, despite assurances of quality and company home inspectors, new home buyers should always enlist the services of an unbiased and private home inspector.
Nearby Amenities
If you're a senior, new homes can offer more than freedom from home maintenance – they can also bring you closer to urban amenities like hospitals, health clinics and recreational facilities. When purchasing a new home, check to see how close it is to your local police station, hospital and your current doctor and other health professionals.
Your Own Financing
Often, the lender will automatically offer you the services of their lender. Remember, that this is because they have a business relationship with that particular lender and it's not specifically because they may offer you the best financing deal.
If you do need to finance any part of your new home purchase, remember that you may be on a limited income, but you will most likely have a strong credit history. That puts you in a position to negotiate.
Your Own Agent
Most developers and sellers will offer the services of their real estate agent, but you should always remember that agent is employed by the builder and not there to get you the best deal. Most buyers of senior new homes find they get the best deal by hiring their own agent, who is then typically paid by the seller.
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HomePropertyTips.com :: Senior New Homes