Thursday, November 01, 2018 / by Lynnette Parsons
Top 5 things to consider before moving near adult children and grandchildren
AARP recently reported that nearly 80% of retirees said it was important to live near their adult children and grandchildren. While the emotional response to pick up and move closer to your kids may be high, there are some things you may want to consider before calling a Realtor and starting your search. Here are the top 5 things to consider before moving near adult children and grandchildren.
Choose a community that fits your lifestyle
Just because your adult child chooses a neighborhood or suburb that’s great for young families doesn’t mean that’s where you should move. You won’t be spending every waking moment with your kids and grandkids, so pick a community that’s in close proximity to activities you enjoy. Are you a golfer? A beach bum? Love the nightlife? Consider your interests and hobbies as you start your home search. You deserve to enjoy the retirement you’ve worked so hard for.
2. Ask your adult children their opinions
If your goal is to be able to spend more time with your family, ask them how close they’d like you to live. Will they be in that location for a while or are they planning to move in the future? If you’ll be helping with childcare, living in the same neighborhood might be beneficial. If you’ll be hosting the grandchildren overnight often, choosing a neighborhood with lots of amenities for their age group may be better. Having conversations and setting expectations in advance will make the transition more enjoyable for you and them.
3. Be honest with how much you can afford
You’ve worked so hard to retire. Don’t put yourself in a financial bind by buying more house than you can really afford. Do you plan to have a mortgage or pay cash? You’ll enjoy your family so much more when you’re not stressed about finances.
4. Be honest about your health
Do you have bad knees? Is mobility an issue? This may be the last home you buy. Ask yourself what features and designs in a home may be best suited for your physical health.
5. Ask your Realtor their recommendations
A good Realtor will know a lot about the lifestyle and culture of the local community they live in. Ask them what’s fun about the area you’re considering. They are a wealth of knowledge and are happy to share it with you. Most likely, they’ve helped clients in your exact situation.