Top Considerations For Retirees When Looking For A New Home

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Top Considerations For Retirees When Looking For A New Home
Top Considerations For Retirees When Looking For A New Home

What are the Top Considerations For Retirees When Looking For A New Home?

Moving to a less expensive home if you are a retiree is considered a significant way to cut your cost of living and improve your finances. Nevertheless, it is advisable to be aware of the resultant costs such as hiring a moving company, the associated taxes and fees. Such considerations are helpful in ascertaining whether moving a long distance to a new home is the right decision to make.

Consider the following things before you look for a new home in retirement.

The effect of your monthly mortgage payment on your budget

Financial advisors will tell you that you need to have a retirement budget. Have you factored in the cost of paying the mortgage into your budget? Evaluate your cash flow to establish the impact of getting a new home on your retirement budget. You may experience reduced mortgage payments if you are moving to a suburban home from a large, expensive home in the big city. You need to make sure that the mortgage payments that you will make are not so high as to make it hard for you to cater for your other needs and wants in retirement.

Evaluate the additional costs

Owning a home is considered cheaper than living in a rented one, although this might not be the case in every town. There are additional costs that come with homeownership, which in some cases, you might not expect. For instance, upgrades and repairs are costs that can eat into your retirement budget if you have not planned well. Thus, it is advisable to avoid moving to an older home that may require upgrades or repairs in the event that you are working on a tight retirement budget.

A-1 Auto Transport can help you move your household goods nationwide. Call 888-509-3213 to get a free, no obligation to buy price quote on interstate moving services.

Ability to qualify for a retirement mortgage

In some cases, the law might not allow you to get a mortgage due to your old age. Nevertheless, a large percentage of lenders will rely on your credit score and source of income to evaluate whether you qualify for a mortgage. Retirees experience a significant drop in their annual income after they have stopped working. Consult a lender prior to applying to find out whether your decreasing income will help you qualify for a mortgage.

Renting vs. buying

There are conditions that make renting a home much better than buying one. For example, with a rented home, you will not have to worry about homeowners insurance, or property taxes. Of course there is the issue of making monthly payments within a stipulated time; this can be a real source of stress for a retiree. But, whatever the perceived benefits, if paying a mortgage seems like a challenge to you, it is advisable to move into a rented house.

The aforementioned are some of the important and major factors you need to consider when thinking about buying a home in retirement. Once you are settled on the best home for you hiring a professional moving company will help you settle with ease.


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Joe Webster began his journey in the auto transport field by attending the University of Southern California (USC), where he graduated with a Bachelor of Business Marketing. 

After college, he started his career in the auto transport industry from the bottom up and has done virtually every job there is to do at A-1 Auto Transport, including but not limited to: Truck Driver, Dispatch, Sales, PR, Bookkeeping, Transport Planner, Transport Manager, International Transport Manager, Brokering, Customer Service, and Marketing. Working with his mentor Tony Taylor, Joe Webster has learned the ins and outs of this industry which is largely misunderstood. 

With over 30 years experience in the industry, we've been helping people ship their vehicles, motorcycles, RV's, heavy equipment, household goods and more across the country or overseas without a hitch. Ask us anything.


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Mylene Rutllant
It’s my number one pick in auto shipping to this day.
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Due to the nature of my work, I must relocate every couple of years to where my company needs me. Because of this, I’ve tested several moving and auto transport companies over the years.

And my choice in terms of auto transport has to be A1 Auto Transport. It’s in the name, but also in the quality with which they do their jobs. I’ve never had a problem with this company.

The only time my shipment was delayed was during winter when a snowstorm closed down all the major roads. And they still found an alternative and got my car delivered before roads got unstuck.

When I moved to West Virginia, they picked up my car the very day I called them. I like to think they take special care of me considering all the business I’ve sent them. I’ll continue to support A1 Auto Transport. It’s my number one pick in auto shipping to this day.

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Luis Rodriguez
You have my full support and recommendation!
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I considered selling my car when I moved to Washington. It was old and rusty, but I grew attached to it. So, I called a couple companies to transport it to my new home, but they both fell through.

The first one couldn’t decide on a schedule. He would constantly change the pickup date till I got frustrated and canceled. The second was insufferable, very rude on the phone, even worse in person.

They started picking a part my car asking me why I still have it. If that’s their opinion of my vehicle, how can I trust they’ll take care of it? If something happened midway, why wouldn’t they just blame it on the car instead of paying up?

So, I cancelled this company as well and turned to A1 Auto Transport. From the get go, they were very different from my past options. Their website was very professional and up to date, full of useful information. I requested a quote using their online form, and I got an email response within an hour. Surprisingly fast!

If I didn’t know any better, I would’ve thought they were lacking customers, but the email spoke for itself. In just one email, everything I needed to know was there, including a contact number I could use to get more information or confirm the transport.

I called and got things rolling. I was very pleased with the driver. He followed standard procedure and represented his company well. Can’t remember his name, but props to him!

The car arrived in Washington 6 days later in excellent condition. From what I understand, the transport was delayed a bit by a storm, but since the time window was 4-6 days from the beginning, I don’t really care. You have my full support and recommendation!

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Cristine Benoit
I can safely say this is a legit company that will get the job done.
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There are a lot of options for auto transport these days, which surprisingly makes it harder to find a good company. I received more than 10 offers to ship my car, but I couldn’t decide on any of them.

After doing some research, I got even more worried reading about all the scams and accidents that can happen. But, I have work to do and couldn’t afford to drive my newly purchased Mini Cooper all the way to Virginia.

Fortunately, I made the right choice with A1 Auto Transport. They are very good at their jobs. I spent more than an hour drilling Joe with various questions, and he never once lost his patience. He saw I was interested, so he bore with me until I was satisfied. The driver was also very courteous and my car was intact on arrival. I couldn’t have asked for more.

By the way, the price we first agreed on stayed the same. There were no delays or unexpected “surprises.” I can safely say this is a legit company that will get the job done.

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We give A1 Auto Transport a big 10 out of 10! We chose them to move our car from California to Vermont, since we needed professionals.

We were abroad during the transport, so the transport was a bit tricky. The driver had to pick it up from storage on short notice and get it to its destination within at most 10 days. I was happy to note it arrived sooner. We got it 3 days early, right when we got home to pick it up. It made getting around way easier. Awesome service!

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