How to Decide As a Retiring Senior Citizen Whether to Buy or Rent
Consider how long you plan to stay.. Think about your must-haves.. Evaluate your health.
Steps
1
Consider how long you plan to stay.
Consider how long you plan to stay.
2
Think about your must-haves.
Think about your must-haves.
3
Evaluate your health.
Evaluate your health.
4
Think about leaving an inheritance.
Think about leaving an inheritance.
5
Determine your sources of retirement income.
Determine your sources of retirement income.
6
Collect financial information.
Collect financial information.
7
Identify your fixed expenses.
Identify your fixed expenses.
8
Add optional expenses.
Add optional expenses.
9
Calculate your fixed versus flexible expenses.
Calculate your fixed versus flexible expenses.
10
Determine your annual housing budget.
Determine your annual housing budget.
11
Consult a financial planner.
Consult a financial planner.
12
Consider location.
Consider location.
13
Discuss your options with your significant other and family.
Discuss your options with your significant other and family.
14
Find a good realtor.
Find a good realtor.
15
View properties.
View properties.
16
Calculate monthly homeownership costs.
Calculate monthly homeownership costs.
17
Determine monthly rental costs.
Determine monthly rental costs.
18
Compare costs.
Compare costs.
19
Consider the pros and cons of each.
Consider the pros and cons of each.
Comments (0)
No comments yet. Be the first to share your thoughts!