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These worries range from the cost of maintaining the home to living alone.
To ease this burden, its best to perform repairs immediately and engage in preventative maintenance.
you might also look for exemptions to help reduce your taxes.
Rising Utility Costs
Rising utility costs are another worry for 42% of boomer homeowners.
And with climates becoming harsher, it will only take more energy to heat and cool our homes.
To offset these expenses, you could invest in energy-efficient appliances or apply for a better rate.
Depending on your state, you may also qualify for government subsidies that can help reduce your bill.
It is important to research all of your options before committing to a plan.
you might, however, age-proof your home in some ways.
Installing handrails and higher-sitting furniture can make your house more comfortable as you get older.
Single story homes are also much easier to navigate as you age.
This concern can be eased by engaging in social activities or even moving to a retirement community.
Neighborhood/City Changes
Only 15% of boomer homeowners are concerned about neighborhood or city changes.
Planning your expenses throughout retirement can help you avoid running out of money down the road.
If you are concerned about a dip in prices, you should discuss your options with a local realtor.
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