Retirement Homes Buying A Retirement Home Early


If your retiring period is coming in the next 10 – 15 years, then it is the best time to start considering about your retirement. If you buy your retirement home early then it can give you major advantageous. By taking this decision very early you can have the benefits of low interest rates.  Taking a big loan nearby your retirement is a very risky move, that’s why it is more important to buy your after retirement home as soon as possible. There are many situations that will motivate you to buy as much as sooner.
But before buy retirement homes in India it is necessary to check the status & reputation of the builder to protect your hard-earned money. In India there are many real estate developers are developing retirement communities but Anandam retirement homes are the perfect choice for you.

In what condition you should buy your retirement home early?

If you have at least 10 - 15 years left before you retire.

It will be a wise move if you have at least 10 – 15 years left for retirement. More extra time would be a better for you. Even as you are still working, it is recommended that you pay as much as you can towards the loan for the same property. By this, you can cut the payment term of your loan. At this point, you are probably in your late 45s or early 50s. Your responsibilities maybe have gone down because your children are grown up and well settled. So now you can control your expenses and divert toward the installments.
retirement homes


If you want to downsize.

After the retirement it is better to go for downsize your lifestyle to enjoy your limited pension income. You can choose to sell your bigger home or earn fixed rental income every month. As mentioned in the upper paragraph that your children have grown up and living in abroad. Now you do not need your big 4 - 5 bedrooms homes, a 1 or 2 BHK home is best for you. Considerably downsizing your residence will help you cut your extra monthly expenses.

If you will live in it for a long time.

There are two conditions applicable for this condition. First - you and your spouse personally living in these retirement homes for long time, because there are many retirees who prefer to travel. If you will be travelling most of the time in a year, then you should think about your decision.

Second thing is your health & life expectancy. Let’s us talk to straight at this point, if you are not healthy and suffering from various diseases then you will hardly live to be 70 or 80, it may not be sensible to buy a house. But we can look a positive side of buying a retirement home, it will be a best gift for your life partner after you. 
Location: No.2, Prestige Emerald, 2nd Floor, Madras Bank Road, Lavelle Road Junction, Bengaluru, Karnataka 560001, India

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