Retirement can be a wonderful time. The potential is there to relax and enjoy the rest of your life without the rigors and responsibilities of work. But before that happens, you must take a look at all of your options and “get your ducks in a row.”
When looking at options, Louisville retirement real estate will play a strategic role, whether only as the environment where you live or possibly owning one or more investment properties. Explore your interests, connect with friends/family and learn from Louisville real estate experts to see which options best line up with all of your retirement goals.
Many people choose a condominium lifestyle when they reach the age of retirement. A lot of condos offer fitness rooms, exercise classes, a swimming pool, access to a golf course and other recreational opportunities.
There are rules that you will need to abide by if you select the condo. The board that runs the condominium complex will have established by-laws and they should be available to you in writing if you are considering this option.
Remember, however, that the rules are always subject to change and you need to remain flexible when choosing a condo as your retirement real estate option.
Louisville Retirement Homes
There are retirement homes that offer a great lifestyle for active seniors that don’t want to worry about any of the day-to-day hassles of owning their own home. It is an environment where seniors live among other seniors, sharing and caring for each other.
Privacy is available in your suite or group outings can be enjoyed. Many seniors prefer this retirement option since it has flexibility without responsibility.
Pricing can vary greatly but this option is generally more expensive than simply buying your own Louisville condo or single family home.
Louisville Ranch Homes (Bungalows)
If you are still able to manage your own home, bungalows (or Ranch homes as they are called here in Louisville) offer the advantage of having your own dwelling without having to climb any stairs. This is the best option for seniors that treasure some outdoor spaces along with the maintenance that goes along with it.
There are certain areas of Louisville that have a large number of seniors residing there. Finding these spots can be tricky but many times it pays off with a more serene setting.
If you are ready to look further into your Louisville retirement real estate options, I can show you what’s available in the area. I also have a great contact with a gentleman who specializes in helping seniors find their best options—whether that means Louisville in-home non-medical care, assisted living placement or even expert advice on how best to finance different options.
We’re both happy to help!