Is it possible that you and/or your significant other may have loftier ideas and sights with cultural benefits in mind when entertaining the thought of going abroad to an exotic or varied destination?
You have a multitude of choices to ponder, locally, domestically, and internationally, so plan your strategies and consider your options.
You may search for a single-family home, condo, townhome, or gated community. The possibilities and choices are endless.
However, as they say, “the devil is in the details.”
Planning and strategizing will take a lot of concerted effort, perseverance, a little bit of your passion, and the sacrifice of your unrecoverable can’t grow anymore, and impossible to recover valuable time!
But then again, all we have is time, right? Well, if you don’t start, when will you? Starting now will lead you to the potential finish line sooner than later, don’t you agree?
It may be simpler and seamless to stay local or even in another state like North or South Carolina, Georgia, Texas (no state income taxes), or maybe even in Illinois, which is growing by leaps and bounds.
The prices are assuredly lower than in our local region, with considerably lower taxes, and the lifestyle could be more amenable to what you may be searching for; anything is possible.
However, be aware of residing near an ocean or body of water with respect to knowing in advance what your real estate insurance will set you back.
Florida and any other state that has either flood zones or proximity near water, as some of my Florida friends’ homeowner’s insurance have succumbed to, you are aware of the costs, especially those hidden ones that are in all the fine print, that insurance companies don’t necessarily want you to be aware of.
As they say, “Caveat Emptor,” buyer beware! Shopping around for your insurance will be the most prudent and smart way to potentially and hopefully save money.
Maybe you have discussions with your children about staying near them as you age to have them as a backup in case of any issues, emergencies or health problems.
That is one of the many benefits of living near them besides seeing your grandchildren more regularly, even babysitting; as many don’t have that wonderful experience but maybe once a year.
Here is a link to consider searching other locations around the U.S. to find the top 5 places to purchase a vacation or retirement home at extremely reasonable prices: bit.ly/4hA7mGd
Renting might be more economical, as age might come into play and buying might not be in your best financial interests. However, it is another possible option. This will enable you not to have to lay out a substantial amount of money unless you are paying cash from the proceeds of the sale of your current home.
Lastly, going internationally can be an amazing and mindblowing experience, especially since you may have vacationed in some exotic, incredible, magnificent, and marvelous destinations but never given any thought about purchasing a vacation or retirement home there.
Well, now it’s an idea that should be contemplated and thought about regarding the potential possibilities of pursuing it.
I researched for several hours and found the most fantastic site to provide you with further information, details, and even a “FREE” report that will guide and educate you to make a more pragmatic and logical decision about where to consider moving abroad.
Here is a link that will surely assist and help you: bit.ly/40U1sbD
Good luck and my best wishes for a continued enjoyable and healthy, happy and lucrative life and finding the most beneficial and fun destination for your next place to call a vacation or retirement home!
Philip A. Raices is the owner/Broker of Turn Key Real Estate at 3 Grace AveSuite 180 in Great Neck. For a free 15-minute consultation, value analysis of your home, or to answer any questions or concerns that you may have. He can be reached by cell: (516) 647-4289 or by email: Phil@TurnKeyRealEstate.Com You can search properties at your leisure and convenience at: https://WWW.Li-RealEstate.Com
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