It is a very good idea to include your home and buying a second home in your retirement plan. Now is a great time to buy, so even if you are not quite to retirement age, why not buy now and begin building equity? This will also give you the chance to take your potential retirement location for a test drive before committing.
If your home and the community is not a good fit, better to know now than take the leap and fully move there upon retirement. It can also provide a great stress reliever. If your home is a reasonable distance from your second property, it can provide a great environment to get away for a weekend and relieve the stresses of everyday life.
Purchasing this second home early can really also ease in the transition of downsizing. Many memories were made in your home and your family may have trouble breaking those emotional attachments. You and your family can create new family memories in your second home before you fully retire. This will allow saying goodbye to your home that your family enjoyed for many years a little easier. Take advantage of these low real estate prices and interest rates today to pave a smoother retirement down the road.
Aaron Zapata is the broker-owner of Zapata Realty, Inc. located in Yorba Linda, CA. He has been a licensed broker for over a decade. His growing practice includes residential and apartment sales in Southern California.
Aaron holds a degree in Biblical and Theological studies from BIOLA University and a Masters of Business Administration (MBA) from Cal State Fullerton. He has been quoted by the Los Angeles Times, Orange County Register, and the Associated Press and is an author and speaker. He is also maintains designations and memberships with nearly a dozen organizations aimed at raising the standards and ethics in the real estate industry. Although ranked in the top 1% nationwide, he gives each client his focused attention with the simple purpose of doing what is best for them. Nearly all of his business comes from referrals from his satisfied clients.
Aaron lives in Yorba Linda with his wife Dawn. They have been married for 18 years and have a 10 year old named Levi, a 7 year old named Malachi, and they have a Beagle name Sadie. He is an active member of Friends Church in Yorba Linda as a Board Member, and the Chamber of Commerce where he serves as the Chamber’s Network Connection President. This past summer he travelled to India with his oldest son to care for and educate the poorest of the poor.