The Checklist: For Your Retirement Home
Now that you know of the cities to retire, here are some things you should keep in mind while finalizing a home.
The cost: Home loan is an option but you need to pay it off. Thus, draw a comfortable budget and stick to it. Since a significant chunk of your savings will be exhausted in buying an apartment, go for a project that offers amenities you (really) need. Also, buying a larger space is not advisable for maintenance reasons.
Amenities: A project that offers ample open space would be an ideal investment. These days several real estate projects provide dedicated areas for senior citizens for socializing.
Security: It is crucial to have a security system in place with burglar alarms and emergency response systems in buildings.
Safe designs: Look for an apartment where you can make specific changes. For instance, installing handlebars across the bathrooms, anti-skid tiles or low-height shelves.
Accessibility to medical care: Do ensure that the project has a hospital or a clinic close by.