Retirement is a significant change for many people, and it often opens discussions of what to do with your home. Should you move, renovate, or wait a while longer to decide? It can be a difficult decision. However, remodeling your home can be a good option no matter what you choose to do. Keep reading to find out why it’s worth considering a home refurb after you retire.
Whether you’re moving into a new home or sticking with your current one, safety should always be a top priority for someone at or beyond retirement age. As people age, the safety of a home can become an issue, which can lead to injury.
Renovating your home is an excellent opportunity to make sure you have access to any necessary safety features. These features can include anything from grab bars to curbless showers or maybe even a stairlift. It’s also important to consider updating any household appliances, including air conditioners or heaters. For some, it may be beneficial to change the layout of their home to create more space for the use of wheelchairs or walkers.
Improved Home Value
If you plan on moving somewhere new, it’s easier to sell a home that’s been updated. Many people decide to relocate after retirement to find a forever home. On the other hand, some people want to travel more and don’t need a big family home anymore.
Either way, renovating your home will increase its value, making it easier for you to sell. There are many ways for you to improve the value of your home. For instance, you can start by refurbishing your bathroom. You can install a new walk-in shower, toilet, light fixtures, and new cabinets.
These type of changes in your home can increase your home’s value.
Deciding between staying in your current home or moving to a new one can be a difficult decision. Renovating your existing home may be the cheaper option in the long run. Although it will depend on each person’s situation, making some simple updates can make a big difference and it doesn’t have to cost much.
However, you may decide that you won’t be moving homes for a while. In this case, it’s still beneficial to refurbish now because it will save you time and effort in the future. Moving can be a very stressful process, so it might better to make any home updates that you can sooner rather than later.
New Needs & Interests
As a new retiree, you may find yourself with more time on your hands. You might pick up a new hobby or develop a different lifestyle.
If this sounds like you, then renovating parts of your home is can help cater to your new interests. Maybe you can turn that extra bedroom into a new office or create a unique space in the backyard for a garden. The possibilities are endless, but it’s essential to make your home a place where you can enjoy your retirement to the fullest.
A lot of people live in a home for quite some time. The National Association of Realtors reports that the average time for people to stay in a house in 2018 was 13 years. Many people find themselves emotionally attached to a home as the years go by, and it can be challenging to say goodbye.
Perhaps you’re someone who feels a strong emotional attachment to your home, and you want to stay put. If so, renovating can be a perfect way to stay in the home you love while also creating something new.
Renovating can be a great way to prepare for a move or improve your home as you transition to this new stage in life. Consider what’s best for you so that your Golden Years are golden!