Retiring Soon? Why Moving Might Be the Perfect Next Step

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.

How Long You’ve Been in Your Home

From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):

When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your life while you’re in that house. As those life changes and milestones happen, your needs may change. And if your current home no longer meets them, you may have better options waiting for you.

How Much Equity You’ve Gained

Additionally, if you’ve been in your house for more than a few years, you’ve likely built-up significant equity that can fuel your next move. That’s because the longer you’ve been in your house, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):

While home price growth varies by state and local area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who’s owned their home since 1991 saw it more than triple in value over that time.

Consider Your Retirement Goals

Whether you’re looking to downsize, relocate to a dream destination, or simply be closer to loved ones, your home equity can be a key to realizing your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones.

Whatever your home goals are, a trusted real estate agent can work with you to find the best option. They’ll help you sell your current house and guide you through buying the home that’s right for your lifestyle today.

Bottom Line

Thank you for taking the time to explore the possibilities that come with the next chapter in your life—retirement. Making decisions about your living situation is a significant aspect of this transition, and it's essential to consider various factors that could impact your future happiness and well-being.

If you find yourself contemplating a move, particularly in the enchanting area of Telluride, Mountain Rose Realty is here to assist you in finding the perfect home for your retirement years. Led by the experienced and dedicated Anne-Britt Ostlund, our team at Mountain Rose Realty specializes in Telluride real estate, ensuring you have access to the finest properties that match your evolving lifestyle needs.

Living in a home for an extended period allows for personal growth and the accumulation of memories. However, as your life undergoes changes and new milestones are reached, it's crucial to assess whether your current residence aligns with your evolving requirements. Mountain Rose Realty understands the unique dynamics of the Telluride real estate market and can help you explore better options suited to your current phase of life.

Equity is a valuable asset, especially for those who have been in their homes for an extended period. If you've built up substantial equity over the years, it can serve as a powerful resource for your next move. The Telluride real estate market, like many others, has witnessed notable appreciation in home values. Our team at Mountain Rose Realty is well-versed in leveraging this equity to help you make a seamless transition to a new home that caters to your retirement goals.

Whether you're considering downsizing, relocating to a dream destination, or simply being closer to loved ones, your home equity can play a pivotal role in achieving your homeownership aspirations. As a trusted partner in Telluride real estate, Anne-Britt Ostlund and the Mountain Rose Realty team are committed to assisting you in selling your current house and guiding you through the process of finding a home that complements your lifestyle in retirement.

Your retirement goals are unique, and we understand the importance of finding a home that aligns with your vision for this exciting phase of life. Connecting with a local real estate agent, especially one with a deep understanding of Telluride and its real estate landscape, can make the process smooth and enjoyable.

In conclusion, as you navigate the changes that come with retirement, consider reaching out to Mountain Rose Realty for expert guidance in Telluride real estate. Let us help you explore the available homes in the area, ensuring that your next home is a perfect fit for your evolving needs. Your dream retirement home may be just a step away, and we are here to make that transition as seamless as possible.

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Address Anne-Britt Ostlund | Mountain Rose Realty
Mountain Rose Realty
220 East Colorado Avenue Suite 210
Telluride, CO 81435

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