Staying in your house as you age is an idea that sounds perfectly nice – and for some people it works out fine. But there’s a flip side. Simply put, your house isn’t getting any younger. It can quickly become a drain on both your financial resources and your energy.
Delaying a home sale opens us up to market fluctuations, delayed maintenance costs and changing homebuyer preferences. And between monthly expenses and routine and unexpected maintenance costs, you may be paying more to remain in a mortgage-free home than it would cost to make the move you’ve been considering.
Ask yourself the following questions:
The personal and financial costs of “not yet” can be much higher than we realize.
Download our Home Ownership Cost Worksheet below to help you estimate the potential future costs of remaining in your home. And give our retirement counselors a call to compare some living options at Asbury Methodist Village.