House and Home House and Home
Wed, May 21, 2025
[ Yesterday Evening ] - Kiplinger
5 Momentum Stocks to Buy Now
[ Yesterday Afternoon ] - KUTV
Fresh Start 2 Fitness- VILPA
[ Yesterday Afternoon ] - WSAZ
How sports are shaping travel plans
[ Yesterday Afternoon ] - fox17online
Entertainment News: May 21, 2025
[ Yesterday Morning ] - WAFB
Foods to avoid while pregnant
[ Yesterday Morning ] - MassLive
People in Business: May 19, 2025
[ Yesterday Morning ] - Fortune
Top CD rates today, May 21, 2025
[ Yesterday Morning ] - Politico
Inside Congress Live

Does buying a home in retirement make sense?


Published on 2025-05-21 16:49:41 - WGME
  Print publication without navigation

  • If you're retired, buying a house may seem a little daunting, especially if you're looking at getting a mortgage. Yet, homeownership remains a powerful aspiration even among older Americans. In fact, [...]

The article from WGME discusses the considerations of buying a home during retirement, highlighting both the potential benefits and drawbacks. It points out that while owning a home can provide stability and potentially appreciate in value, it also comes with significant costs such as maintenance, property taxes, and insurance, which can strain a fixed retirement income. The article suggests that for some, the financial and emotional benefits of homeownership might outweigh these costs, particularly if the home is paid off or if one plans to stay in the home long-term. However, it also advises that renting could be a more financially sensible option for others, especially if they value flexibility or anticipate needing to move into assisted living. The piece emphasizes the importance of carefully evaluating one's financial situation, future plans, and personal preferences before deciding to purchase a home in retirement.

Read the Full wgme Article at:
[ https://wgme.com/money/mortgages/buying-home-retirement-make-sense ]