Boomers Are Booming!
A New Real Estate Market Is Looming!
California will be a big part of this movement
There’s no doubt that California is one of the most desirable places in the World to live out one’s life.
Boomers currently control about three trillion dollars of the U.S. economy. Where do you think they would like to spend it? In the sunbelt of course. However, not all sunbelt areas are affordable and unfortunately San Diego is one of those most highly desired yet expensive areas to plan out an affordable retirement.
But not if you can find a comfortable home to share. Housing is the most expensive part of retirement and can surely make or break your decision to live where you really want to live.
- Do you live alone?
- Could you use additional income?
- Would you like to reduce your housing costs?
- Do you need help with maintaining your home?
- Are you willing to share your home?
- Are you willing to share costs with another homeowner to lower your housing cost?
Sharing your Home is an alternative long term living arrangement where two unrelated people choose to live in a
- Single Family Home
- Apartment
- Condominium
- Factory Built home (Manufactured or Modular
instead of a dormitory (rest and/or retirement) like setting be it un-assisted or assisted.
Each person would have their own private suite (bedroom & Bathroom but they would share the common areas of the dwelling:
- Living room
- Family or Great Room
- Kitchen
- Outdoor
Patio
Pool
Spa
Recreation area
Home-mates would make mutual decisions regarding expectations for:
- Telephone usage (usually have their own dedicated line or cell service)
- Privacy in that each individual has their own Private suite & bath
- Guests and personal entertainment options
- Share in household chores and expenses i.e. housekeeping, deferred and yard maintenance, etc.
- Kitchen & Dining areas. Could have their own dedicated areas built in to their suite or share a common kitchen & dining area
Why a person might prefer home sharing:
- Financial benefits
- Companionship
- Independence from a dormitory like setting
- A homeowner who would prefer to stay in their home but would like to share it
- A person who would prefer to rent vs. own a home.
- A person who would has the financial means and would like to share home-ownership with another.
AGING in PLACE MODIFICATIONS you will need to consider:
Walk-in Bath & Showers, safety rails, handrails, Kitchen modification, Flooring, Cabinets, Doorways, Hallways, Ramps, Elevators, Handrails
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