Why Buy Now Before Retirement
March 1, 2020
With a new decade in front of you, there’s no better time to think about moving into a new home, enjoying community amenities, and welcoming your passions back into your life. But believe it or not, you don’t have to retire before you settle into a new home. In fact, buying your perfect home now is in your best interest.
At McKee Builders, we encourage you to look at the upside of buying a new home in one of our gorgeous communities before you discontinue working. Take a look at the reasons that making your move sooner rather than later will make your experience so much better now and in the long run:
A Desirable Mortgage: A good thing to keep in mind is that it’s all-around easier to qualify for a mortgage while you’re still working. Your income is most likely higher before you retire, which makes your debt-to-income ratio more favorable. This means that if you wait until retirement to obtain a mortgage, you might have to limit yourself to something smaller. With interest rates relatively low right now, there’s no better time to lock in a low-interest rate mortgage (and positively impact your retirement budget).
Clear-Cut Budget: Having a clear-cut picture of your monthly expenses before you retire will make your experience that much more enjoyable. If you buy now, you’ll know exactly where you stand in terms of your monthly housing, utilities, property taxes, and local costs, so you’ll be as prepared as possible.
New Social Life: One of the best parts about moving to a McKee Builders community is that you’re not just settling into a new home — you’re settling into a new lifestyle. If your kids just moved out and you’re ready for your next adventure, consider moving now to embrace a new social circle and hobbies.
Peace of Mind: You know that getting any task done ahead of time alleviates stress, so of course this applies to buying the home you’ll enjoy in retirement. If you purchase your home before you leave the workforce, you’ll have one less thing to do when retirement rolls around. There’s nothing sweeter than peace of mind.
It makes sense to think that buying your retirement home before you retire is counterproductive. But the truth is, the benefits of buying now outweigh any concerns you may have. At McKee Builders, we’re excited to guide you into this next extraordinary chapter of your life — and we know that 2020 and beyond will be your best years yet.