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Stay-in-Your-Home Ideas

By
Real Estate Broker/Owner with REAL ESTATE REFERRAL NETWORK 209970

 

Have you looked back at some of your older posts lately? That’s what I have been doing. I came across one that had me smiling this morning –entitled  Stay-in-Your-Home Ideas

The post happened  with collaboration from AR colleagues on the premise that -asMichel de Montaigne, essayist (1533-1592) said-  It is good to rub and polish your mind against that of others.  Now, four years later, I find myself more concerned with this challenge than ever. After all, Baby Boomers are a huge part of our market and they are retiring at the rate of 10,000 per day! So would you say that this topic may be even more relevant now than it was back then?  

Here are Stay-in-Your-Home Ideas via Active Rain…Please DO Add Yours!bird in the hand

 Deb Hurt's Ideas:

"janeAnne, You know me--there is no better place to be than outside the box! I believe that the desire for consumption and conformity is part of what drove us into this corner and getting out of it is going to demand a change in perception and perhaps even a major paradigm shift.

Shared housing options might start to be an option for those with large homes- whether it is a form of co-housing or taking in a boarder or using an extra bedroom as a mini B&B.

Consider a leaseback- How about looking for someone who wants a vacation or retirement home in the area but has no plans to move soon and would consider a lease back? That would still be selling but at least you would not have to move right away.

 Give your house to a charity with the stipulation that you have a lifetime occupancy - I'm just thinking here but I know there are ways to do this and people do it all the time- the tax implications and details might or might not be a nightmare but this is a brainstorming session isn't it?" 

                                                                                       (photo (C) J.T. Narrin- "A Bird in the Hand" )

 

 Joan Whitebook, ABR,e-Pro,CEBA Southern New Hampshire:

I would like to see more people get a tax credit to finish their basements and so long as they are safe, convert them to living space to accommodate those who can rent the space and help by paying rent.. thereby increasing the income stream.  Joan also noted…  “When a condo is involved... there may be other "lienholders"  eg. the association... and all lienholders have an interest in the property which must be addressed.

 Move-or-Stay Options, Aging-in-Place and Greenliving

Move-or-Stay: Recently I wrote a piece for The Sage Companions eZine-  in which I proposed that reducing energy and water usage can when opting for aging-in-place (at home) – and also benefit homeowners throughout the life of a home.

 

janeAnne's Move or Stay article

 

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Comments(9)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

These are some good ideas for those that may need these options.  Thanks for sharing,

Feb 08, 2013 12:22 AM
Sally Tuttle
Teles Properties - Monterey, CA

Hi JaneAnne,

Thank you for this helpful post.

It is always good to take a moment to think outside the box.  If the old answers don't seem to apply adding some new options to our decision making may just be the solution.

 

Thanks again.

Best wishes - Sally

 

Feb 08, 2013 12:42 AM
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi janeAnne, How are you doing?

You need to be careful with your statistics. Yes, 10,000 people a day (on average) reach retirement age everyday, but those 10,000 can't retire. They just don't have enough money in their retirement accounts. Less than 10% have over $100,000.00 in their retirement account and only a couple percent have in excess of one million. In most cases it takes at least a million dollars to be able to fund a comfortible retirement.

Bill Roberts

Feb 08, 2013 01:53 AM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Hi janeAnne, this are great working models that can be discussed and tweaked. Great post.

Feb 08, 2013 01:58 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

janeAnne,

Great ideas, and I just love how the AR community joined in and contributed. A

Feb 08, 2013 07:06 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Hi janeAnne, I'm just now dealing with a situation where the senior gentleman seller might be able to rent back the home from the buyers. Sometimes you just have to e think creatively to make things work.
Feb 09, 2013 08:02 AM
Andrew Capelli
Troy, MI

janeAnne: A co-op or renting to boarders not only saves expenses, but it means someone else around to call for assistance in the event of an emergency- That's especially important the older one gets.  Thanks for the post!  :)

Feb 12, 2013 02:16 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

janeAnne,

Your post is always exciting to read and gives me lots of ideas and thoughts about my own future.

While attending the Texas Association of Realtors Winter Meetings in Austin, I stayed at the Heywood. It's a lovely place to spend a comfortable night's sleep. The property is located in an eclectic part of Austin. The owners bought a small cottage and kept the front but renovated the inside, contemporary style with 7 sleeping rooms. Now that's innovation!

I really enjoy reading everything you write. You are a creative genius!

Feb 13, 2013 05:59 AM
ASHEVILLE REALTY REFERRAL RESOURCE 828-776-0779
REAL ESTATE REFERRAL NETWORK - Asheville, NC
CONTACT janeAnne365@gmail.com

THANKS to all who commented- I appreciate ya'! and your comments. I especially like how the conversation evolves- so many good ideas shared-

Feb 19, 2013 10:31 PM