The Pros and Cons of Buying a Home After 60 – SmartAsset
While you may not immediately associate retirement with home ownership, buying a home after age 60 can be both thrilling and financially savvy. Instead of looking for highly rated school districts, you can find the ideal combination of convenience, affordability, and proximity to them that matters most. That said, no matter your circumstances, buying a home as you approach retirement age can have a lasting impact on your retirement finances. Here’s what you should consider before buying a home after age 60.
A financial advisor can help you figure out when buying a home makes sense for your financial plans.
The Advantages of Buying a Home After Age 60
Buying a house after the age of 60 can be a wise financial move. Here are four general benefits:
Opportunity to build equity. Wherever you are, equity is a
Since the beginning of my blogging days, I’ve been fortunate to meet and make friends with some very talented and generous people. I was lucky to start blogging at a time when readers could sign up to follow their preferred blogs and before the days of the big newsletter blasts. There was more of an intimacy to the process, and the blogs were read differently, as our audience popped around to visit each of their favorite blogs each day. This is one of the big things about blogging, the way that it draws people together.
Between women bloggers there has always been a special camaraderie. We are generally very generous in our support of each other’s projects, and we love to encourage each other to go further.
One of those precious links that grew from blogging is with my friend Jeanne McKay Hartmann. Jeanne is from Seattle but travels to
If you’re looking to upgrade your home, you may be able to save thousands of dollars by taking advantage of the Reduced Inflation Act, which includes tax credits and cash rebates on certain energy-efficient purchases.
When Paul Hope renovated his house, he tried to make eco-friendly choices. That includes switching from a gas stove to an electric stove.
“I’ve always preferred gas cooking, but I know electric and induction cooktops have gotten a lot better over the years and a lot better for the environment,” says Hope.
With funding from Congress, the Reduced Inflation Act means homeowners can take advantage of up to $14,000 in rebates and tax credits to make energy efficiency improvements.
How much you can earn depends on how much you earn, where you live, and what upgrades you make.
If you’re looking to upgrade to a more eco-friendly hob, like Hope does, a discount of up
Vizio July 10 announced the launch of its next exclusive content series, home improvement show “Clean Break”. Hosted by professional organizer Michelle Hobgood, the series delves into the world of organizational tips and tricks, inspired by social media organizing trends and presented by a top consumer packaged goods brand.
The series, which streams on Vizio’s WatchFree+ ad-supported VOD platform, aims to focus on uplifting stories, showing practical tips that can make even the most tedious chores manageable.
Episodes include:
“Gift of Time,” featuring Hobgood’s organizing and cleaning systems;
“Laundry Day,” which finds Hobgood serving as a personal stylist, sharing tips from closet organization to packing outfits;
“This or That,” which aims to bust the myths behind what’s trendy, and what’s realistic, in addition to providing practical alternatives for different organizing styles; and
“Kitchen Magic,” which showcases ways to escape the fate of a messy kitchen.
You’re ready to tackle your next home improvement project, and all you need is a contractor to take on the job. While it may be convenient to use the contractor who left a flyer at your door, homeowners should use caution when choosing a contractor to avoid getting caught in a scam.
Home improvement scams are on the rise—in 2021, the median loss from home improvement scams was $1,700. Scams also tend to increase following a weather event or during the warmer months. Before you sign any contracts or checks, keep these 10 common cons in mind to avoid becoming a victim of a home improvement scam.
RELATED: How to Pick the Best Contractor After Searching ‘Contractors Near Me’
1. Deposit Scam
Photo: istockphoto.com
In this situation, the contractor will ask for payment upfront (usually cash) before starting work. Then, the contractor disappears and never completes the project.
Zachery Ty Bryan struggled to find acting work after starring as eldest son Brad Taylor in all eight seasons of Home Improvements. He opened up about the struggles, and the hard comedown of teen fame, in a new interview that details his child-star’s past and present life, which is riddled with legal issues tied to domestic violence charges, DUIs, and an apparent cryptocurrency scheme .
homeimprovements starred Tim Allen and Patricia Richardson as Tim “The Tool Man” and Jill Taylor, parents to sons Brad (Bryan), Randy (Jonathan Taylor Thomas), and Mark (Taran Noah Smith). Bryan said it was “actually really difficult” to land more acting jobs after the Home Improvements series finale in 1999, despite the success of the ABC show.
“If you star in a TV show today, you can be in any film you want, but back then, it was the polar opposite,” Bryan told The
Tim Allen showed compassion for the actor who played his son on Home Improvements for eight seasons in the 1990s, but he didn’t try to defend him.
Zachery Ty Bryan played oldest son Brad Taylor on the hit 1990s ABC sitcom. The show ended as he turned 18, and a long profile in the Hollywood Reporter details how he stayed out of trouble for the most part, until recently.
Alcohol-related arrests, a domestic violence charge and accusations of swindling friends out of tens of thousands of dollars now follow Bryan. The interview closes with the 41-year-old admitting to a lifelong struggle with alcohol and an update that closes the domestic assault charge from 2020 — he pled guilty to two misdemeanors, fishing and fourth-degree assault and still lives with the woman — but leaves a conclusion for victims of his alleged digital token scam still out of money.
The home improvement industry has witnessed a boom in the past three years as homeowners looked for ways to make better entertainment and work-from-home spaces. Revamping interiors and exteriors, do-it-yourself (DIY) projects for decorating and maintaining furniture and fixtures, and hiring professionals for enjoyable and comfortable home upgrades have been gaining popularity recently.
The inflation-ridden economy has kept a check on home-buying activities. Experts believe that home remodeling projects will decline in 2023 due to the slowdown in existing home sales, house price appreciation and mortgage refinancing activity. Consequently, home improvement stocks are expected to witness modest growth in 2023.
Recent trends reveal that homeowners are pulling back from big-ticket discretionary project spends due to rising inflation. Instead, customers continue to focus on maintenance projects like spending on essential replacements and smaller repair projects.
Nonetheless, investments in the expansion of digital and omni-channel capabilities, the execution of growth strategies, and
The last few years have seen major changes in our lifestyles and spending, and our homes are no exception. Angi’s Household Expense Report for 2022 shows how things have changed this year, and what you can expect for 2023.
The single biggest impact on home spending in recent years has, of course, been the pandemic. As homeowners hunker down in their homes for most of 2020, they are thinking less about how home improvements can affect value, and instead how they will change and improve their lifestyles as everyone stays home more.
Now that many pre-pandemic activities and behaviors have returned, how has this affected household expenses? Angie surveyed 6,500 consumers to determine what is most important to them. It turns out that lifestyle needs are still the main driver. Prior to 2020, “return on investment” was the top motivator for home improvement spending in the Angi survey. This year,
