I am a designee of the elite Seniors Real Estate Specialist organization known as "SRES". Please click on
www.SeniorsRealEstate.com to find out more.
The Care Guide,
(Everything under the sun for Seniors' housing and care)
50Plus Real Estate Classifieds and Retirement Communities.
Government of Ontario Seniors' Site
Seniors' Quarterly NewsLetter
Canada's premier site for information related to planning for and enjoying a healthy and financially secure retirement
LifeStyle Retirement Communities
Greenview Lodge at Don Mills and Lawrence
Amica at Bayview, Rental Retirement Living at Bayview and Sheppard
Sunrise Senior Living, A Unique Alternative To A Nursing Home
Extendicare, The Gibson Retirement Residence
Elegant Rental Retirement Residence at 866 Sheppard Ave. West
The Claremont Retirement Residence at 305 Balliol St., Mt Pleasant & Davisville ____________________________________________________________________
Seniors: Have You Done Your Real Estate Planning!
Housing needs change throughout our lives. At first, singles need a place to call their own. Then young families move to get more space for the kids. Later, "first generation" retirees may want less to take care of and finally "second generation" retirees may need more support and services.
Many seniors stay in their old homes and are perfectly content to be there. Others find their thoughts turning to a new home, perhaps even to a completely new way of life. Still others remain in their familiar homes while they are independent, but plan ahead to move to assisted living housing when they need it.
Here are a few things to consider if you or older family members have reached the point where a retirement move might be the best strategy:
Are you over-housed?
Are you rattling around in your "empty nest" paying more than you want for taxes, utilities and maintenance? If retirement means a cut in income, would a lower-price home, townhouse or condominium be easier to manage on your resources?
Do you need equity from your home?
For some older owners, the equity built up in a home is their main retirement savings. Sometimes a move is needed to convert that equity into cash and income to be secure for the years to come.
Is the homes upkeep manageable?
Do you have the time, energy or interest to paint, clean, mow, etc.? Will the roof need replacing soon, or the heating/AC need repair?
Does your home style match your physical ability?
Are there too many steps or step-down rooms in your current home? Do you need a wheelchair accessible residence? Is the yard more then you can handle? Are the safety security lighting, heating/AC systems adequate for retirement?
Do you want to be closer to family?
Do you want to spend more time with your children and grandchildren? Maybe you would like to cut down on long trips to visit them, or perhaps you need regular assistance from a family member.
Would a move improve your lifestyle?
If extensive traveling appeals to you, for example, you may want to relocate to a more economical, lower-maintenance home "lock and leave" (as we say in real estate). You may want to be more conveniently located for activities such as golf, bridge, clubs, and walking trails. Or you may just want to move near old friends - or to a community where you can make new friends with interests similar to yours. Careful planning and sound expert advice are crucial to a successful move. Consult your financial advisor, accountant - and please call me about your real estate options. Ill be happy to listen to your needs to learn how I can help.
Locally or Nationwide, How I Can Help?
For home buying or home selling assistance - in my area (Toronto, Ontario) or elsewhere - please call. Im an expert in local real estate, and through a nationwide network of relocation specialists, I can refer you to top quality real estate professionals in other locations. Whether it has been many years since you sold or bought a house or just one, I specialize in listening to your concerns, answering your questions and explaining how todays ever changing real estate market can affect your lifestyle and financial planning.
Vik Krikorian, SRES
Associate Broker
Seniors Real Estate Specialist
____________________________________________________________________
Please click on (R.E. Guide-Book under Information, Reports...) to find out why and how to get your own Real Estate Guide-Book copy. It's Complimentary!
