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Buying a home after you have retired may feel like an overwhelming challenge. You may be asking: Should I stay in my current home? Should I downsize to a smaller house? Will moving into a new home fulfill my needs? Buying a home for retirement is a financial commitment, but comes with a return of investment and a list of benefits! Whether you are looking to downsize or simply desire a fresh start in a new home, here are some considerations to ask yourself along the way.

The last few years have been great for vacation home sales, according to the National Association of Realtors. With rising home prices and stock market gains, the market was flooded with people nearing retirement, and the median vacation home sold for approximately $150,000/-. There are many upsides to buying a vacation home. You can decorate it as you wish, leave your clothes there, rent out the property if you want and possibly even retire there. A vacation home would be perfect for large family gatherings.

The low cost of living in Ohio and numerous recreational areas make the state one of the best places to consider retirement for people who love to have fun and relax without sacrificing quality of life. The arts, culture and entertainment scene along with outdoor activities make this retirement-friendly locale the place to be, whether in a major city or small town. Learn about all the benefits of retiring in Ohio.
The overall cost of living in Ohio is approximately 8 percent less than the national average as of 2015. Housing costs are 21 percent lower than the national average. Utili...
