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However, this idea might be easier said than done.
Your home should suit your lifestyle, and that will likely change throughout the years.
Therefore, attempting to stay in the same place forever might not make sense.
Heres a look at five reasons having a forever home mindset could be aheadache in retirement.
Especially if the property requires significant updates to meetcurrent market standards.
He said this is usually the case for holds sold by retirees.
He said this can be problematic for a variety of reasons.
After the mortgage is paid off, these expenses continue, which can become a financial strain for retirees.
Hiring help for upkeep can lead to additional costs.
Additionally, falling behind on maintenance can be costly in other ways.
Failing to meet municipal or neighborhood standards may result in fines from townships and cities, he said.
Plus, its usually necessary to hire professionals to assist with the selling process.
Layout is important, as its not uncommon for retirees to prefer a space without stairs.
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