Out of necessity or desire, looking for a new home is often one of the first steps after retiring. What do retirees want in a home for that next stage of life?
Read on to consider all the possibilities and learn more about your options. When you are ready for a move, check out Roost Real Estate for all the prospects in and around the Twin Cities. Retiring in Minneapolis, MN is a great decision.
Location, Location, Location
As in any real estate decision, location matters. When looking for affordable retirement living for this new stage of life, here are some things to consider.
Proximity to Healthcare
How is your health? Access to healthcare in retirement is crucial. Even if you are healthy now, things can change. Most retirees enjoy the convenience of having their practitioners only a short drive away.
When you ponder moving to a particular city, research the medical facilities in the area to make sure they provide what you need. Determine the transportation options, travel times, and availability of providers within your insurance coverage.
Proximity to Family and Friends
Another consideration when looking at a place to retire is family. Do you have family members in the area? How frequently do you want to see your children and grandchildren?
If the answer to that last question is, “We tolerate each other on major holidays,” then, by all means, pack up for Bali. Or choose some other remote location they won’t want to visit too often.
But if you enjoy frequent get-togethers with family and friends, then choosing a home closer to them makes sense. If you see them daily, choose a home within a few miles. Or find a house across town if the visits need to be a little less frequent.
A Rich and Active Life
When considering what retirees want in a home, they want a place surrounded by activities that suit their lifestyle.
Art lovers should look for plentiful museums, galleries, concert halls, and theatres. Outdoor enthusiasts should have access to parks, bike paths, walking trails, and other outdoor activities. Often, retirees settle in a college town to be close to all of these amenities.
Do you love spending your summer days watching baseball? Or are you a die-hard football fan? Look for homes in cities with multiple sports venues.
Is golf your reason for living? Be sure to choose a home in a place with plenty of high-quality golf courses.
Cities like Minneapolis and St Paul, MN, have all of this and more to offer. And living in or near the state capital provides great access to services and activities.
Age in Place
Something else most retirees want in a home is the ability to age in place as long as possible. Your home represents your security, success, and independence. You most likely want to stay in it long-term.
With that goal in mind, accessibility is something most retirees want in a home.
Access to Transportation
If you are someone who likes to get out and about, choosing your next home should include transportation as a consideration.
Buses, light rail, senior shuttles, and walking and bike paths need to be nearby. Being independent for as long as possible requires you to have some way to get around.
If you truly want to age in place, look for a house that offers accessibility. Make sure that when the time comes, your home can accommodate any necessary structural changes.
Is there a separate bathtub and shower? Are the rooms and hallways big enough to accommodate mobility equipment?
A Traveling Lifestyle
Many retirees choose to downsize during these years to free up cash flow and to enjoy a more flexible lifestyle. If you plan to travel much of the time, perhaps a condo or townhome is more suitable than a single-family home. Whether you look at a big city home or consider small towns instead, find a location that suits your life.
What Do Retirees Want in a Home Floor Plan?
Now that you have the location narrowed down, let’s look at what retirees want in a home floor plan.
Room to Entertain
If part of your no-longer-working dream is to spend more time with family and friends, then your home should allow for that.
Look for well-equipped kitchens to cook your culinary feasts. Imagine your friends sitting around the kitchen island, sipping wine, munching on your freshly prepared appetizer sampler.
Movie and game rooms are also popular features for grandchild visits. And condos with pools or community rooms help keep the kiddos busy, too.
A Spare Bedroom
If you frequently have out-of-town guests, make sure you have an extra bedroom or two. It feels great to have a place for friends and family to visit.
And if you don’t need the space for guests, you might want it for your hobbies. Are you a crafter or knitter? Do you make jewelry or have an extensive library? Having room to house collections and to work on your favorite pastime is important.
Not sure what to do now that you have so much free time? Check out this article on 120 things to do in retirement. It includes an alphabetized list of 94 hobbies.
A spare room in your home allows you to escape with everything you need to sew, paint, or write that great American novel.
If you’re into fitness, a space in your house to exercise can be ideal. You will have access to your equipment without always having to put it away when you’re finished. A dedicated exercise space helps ensure you actually use it!
Don’t forget to consider the outdoor spaces of your home. Look for a wrap-around porch if you have visions of sipping lemonade, reading a good book, and enjoying the fresh breeze. Or maybe you want a large deck for when you need to take the party outside.
If you are an avid gardener, then be sure to look for a home that gives you room to enjoy it. Even condos and townhomes can have great gardening areas.
Work With an Expert
The possibilities are endless when it comes to retirement living. And in the Twin Cities, you have many great options. With a sustainable cost of living, this part of the country is ideal for retirees.
If you are ready for help finding a home that fulfills all of your retirement dreams, contact Roost Real Estate. Our experienced team knows St. Paul and Minneapolis inside and out, and we can help you find just what you need.