â€œLongevity planningâ€ is not something most youthful or middle-aged South Bay residents spend a lot of time thinking about. â€œGetting old?â€ Who wants to dwell on that?
Joseph Coughlin, the director of the AgeLab at MIT, pushes for changing that attitude when it comes to South Bay home sale decisions. He points out that a 65-year-old woman today can plan to live past 85 â€” far longer than her parents did. If her budget plans match theirs, the result will be a serious shortfall in later years.
It may be more doable than youâ€™d think. The Brooking Institution recently reported that a South Bay home sale in a good school district totals (on average) 2.4 times more than one in a less child-focused district.
Once schooling is no longer at issue, being willing to forego the premier school system could free up a considerable amount of extra cash. Add to that the reality that a smaller house means smaller taxes, utilities, and upkeep bills, and the resulting quality-of-life improvement might be a true game changer!
When it comes to the decision about when or whether to undertake a South Bay home sale, letting longevity-consciousness influence your choice should put you ahead of most people. Coughlin says, â€œNo one wants to buy products or services for old people. If I design an â€˜old manâ€™s car,â€™ I can guarantee two things: A young man will never buy it â€” and neither will an older man!â€Â For the same reason, except for retirement communities, most builders donâ€™t design â€œold people homes.â€
Thatâ€™s why homeowners intending to retire here in the South bay should plan â€” both aesthetically and practically â€” for the wider doorways, ground floor bedrooms, bathrooms, and accessible kitchens they may welcome later on. If such changes would be cost-prohibitive in a current home, longevity planners should look for available South Bay properties where thatâ€™s not true.
Forward thinking about your ultimate housing solution is central to a successful and stress-free retirement.Â I can help ascertain more about current South Bay home sale and other information to help you do some of your own longevity-conscious retirement planning.
Charles Fitzgerald Butler is a Real Estate Professional in Carson, Ca, specializing in First Time Home Buyer Programs, Distressed Sales, REO Residential and Commercial properties. Charles helps homeowners develop a second income stream so they can save their homes from foreclosure.
Charles Fitzgerald Butler can be reached at 310-684-2505 or www.CFButler.com. Prudential California Realty â€“ The Mulhearn Group is an independently owned and operated broker member of BRER Affiliates Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.
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