Retirement Links

Retirement! Now What Happens?

Written by: Kyle Thomas Haley

For years youve lived in that sprawling house where you raised your children . . . its home. But now you dont need all the space and the upkeep is becoming more difficult every year.

You now have to consider things that werent issues before. When you were younger, you never thought about how many times a day you went up and down the stairs. You didnt mind having the bedroom upstairs and the laundry facilities in the basement. Now, all those steps are taking their toll.

Washing windows isnt as easy as it was before either, is it? Climbing an extension ladder to reach the second story becomes a bit scarier with each passing year. As you age, you become more concerned about falling.

You may be thinking its finally time to move into a home thats a bit more senior-friendly, but what are your options?

Smaller, single level houses

Condominiums

Apartments

Retirement communities

Assisted living facilities

Lets take a more detailed look at these options:

Smaller homes built on one level with convenient laundry facilities may be what you need.

Look for a house that requires little outside maintenance. A brick or vinyl-sided house wont require painting. An open floor plan may be helpful if youre ever confined to a wheelchair. A smaller yard allows you to garden but still keeps the yard work to a minimum. An attached garage is a helpful feature, especially in the winter when icy sidewalks can cause falls. Of course, finding a location thats close to shopping, public transportation and medical facilities is also important.

Condominiums provide privacy without a lot of maintenance.

Like individual houses, there are many different types of condominiums from which to choose. The main advantage of a condo is that outside maintenance of both the structure and the yard is usually provided. Most condos include a small area where you can plant flowers but the lawn and other common areas are maintained by the association. There are additional fees for this mandatory service so be sure to find out if they will fit into your budget.

Apartments require no maintenance.

One of the main advantages of apartment living is that you arent responsible for any maintenance. You dont have to worry about painting, replacing major appliances or yard work. Apartments also give you a certain degree of freedom because you dont have to worry about them if you travel a lot. Its important for laundry facilities to be easily accessible and that there is an elevator if your apartment is to be on a higher floor. You wont have as much privacy and your only personal outdoor space may be limited to a small patio or balcony, if that. Rent is likely to increase and is not tax deductible on your Federal returns.

Retirement communities or assisted living facilities give you the highest level of security.

Both of these options are specifically designed for seniors and offer many safety features not found in regular housing. The amount of privacy you have depends on which community you choose. Your medical condition will usually dictate whether a retirement community or assisted living facility is your best choice. Some retirement communities offer private living space, much like individual homes, as long as youre healthy and then provides assisted living if your health deteriorates.

Giving up the home where youve lived for many, many years may seem a little scary. But, often a new home that brings less responsibility and greater peace of mind will make you feel years younger.

About the Author: Kyle Thomas Haley has been helping people relocate on the Internet since 1999 with Apartment and Relocation Websites: Apartment Rental Finders Relocating and Moving Guides Copyright 1999 2005 STANZEEKAY Inc. You have permission to publish this article free of charge, as long as the bylines are included and none of the links or content are removed or edited.