For many active, older adults, the decision to sell the family home and downsize comes fairly easily. Once the children have grown up and moved out, a large home can become a burden in a variety of ways.
Instead of buying another, smaller home, many older adults are experiencing the benefits of renting in communities such as The Villa at San Mateo. Deciding whether to rent or buy depends on your personal financial situation, your lifestyle and your goals for the future. Before you buy another property, consider the many advantages that renting can offer.
More Control of Your Financial Future
Renting can provide you with more financial freedom, including avoiding tapping into your home sale proceeds or retirement funds for another down payment. Renting also gives you a high degree of flexibility and liquidity; should your financial or personal situation change, you can move more easily than if you own real estate.
Freedom from Home Maintenance
Most older adults would not miss the tedious chores associated with homeownership. From mowing the lawn to cleaning gutters and fixing leaking pipes, the jobs required to maintain a house can seem endless. When you choose a rental community that caters to older adults, you need not worry about maintenance tasks. Instead, you spend your time enjoying life.
A Lifestyle You Love
By choosing a rental community that meets their needs, older adults can benefit from a wide array of services and amenities. Transportation, meals, social activities, and access to common spaces — including swimming pools, fitness centers, dining rooms, movie theaters and more — provide support for focusing on activities you enjoy.
At home in your rental residence, you can revel in your privacy and quiet solitude. When you want companionship and activity, you’ll find plenty of options in a rental community for older adults. Rather than taking care of a house, you can spend time pursuing hobbies, socializing with friends, traveling, focusing on your health and fitness, and attending classes, lectures and cultural events.
In a rental community like The Villa at San Mateo, older adults can benefit in a variety of ways, including amenities and services, convenience, financial freedom and social opportunities. To learn more about the many advantages of renting, please contact us.