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5 Things You Should Consider When Buying Your Second-Innings Home

5 Things You Should Consider When Buying Your Second-Innings Home

5 Things You Should Consider When Buying Your Second-Innings Home
(Dreamstime)

After the completion of an eventful career, an individual finally reaches his retirement stage, where he would want to live a relaxed and healthy life. And, to achieve this, many these days plan to buy a retirement home, a concept that has picked up in India lately. many housing societies offering the required facilities and amenities are now being built. 

So, if you are looking for a retirement home for yourself, MakaanIQ simplifies the task by listing certain things that you should keep in mind when purchasing a retirement property:

Set budget limits

Since a major part of your funds for your retirement home is going to be your hard-earned savings, opt for a residential project that fits your budget. Besides, you also need to consider other unforeseen expenses. Explore multiple options before you zero in on a property that fits all the bill. 

Health & safety first

Ageing brings along several issues, including health and physical insecurity. Hence, go for a residential community that ensures complete security, particularly a gated community with modern safety features like boom barriers, CCTV surveillance system, video-door lock and intercom. For health needs, retirement home societies should be equipped with special health care facilities for senior citizens, including 24x7 medical aid, a hospital in the vicinity and even a doctor on call. 

An active social life

Retirement life also brings along a sense of isolation at times. To make sure that you are mingling with like-minded people and are engaged in social activities, among other things, opt for a residential community that has an active social life. For instance, one that organises resident meets, events for various festivals, different health camps, etc.

Viable maintenance charges

Analyse the viability of the projects, particularly with regard to the amenities being offered. Better facilities call for higher service charges; it is imperative to choose the one that you could afford.

Good location is a must

An ideal retirement property should be at a good location. It must be located within accessible distance to all necessary infrastructure, and it should still be away from the noise of traffic and city life. A property in the lap of nature will work wonders for your overall well being.  

Last Updated: Wed Jun 22 2016

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