{"id":213622,"date":"2021-03-29T12:04:00","date_gmt":"2021-03-29T09:04:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/"},"modified":"2021-03-29T12:04:00","modified_gmt":"2021-03-29T09:04:00","slug":"the-3-most-important-things-to-do-to-get-your-house-retirement-ready","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/","title":{"rendered":"#\n  The 3 most important things to do to get your house retirement-ready"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dcab8995fd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dcab8995fd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/#If_youre_in_your_50s_now_is_a_good_time_to_get_started_on_it\" >If you\u2019re in your 50s, now is a good time to get started on it<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/#Consider_what_you_need_to_change\" >Consider what you need to change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/#Build_your_equity\" >Build your equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/#Assess_accessibility\" >Assess accessibility<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/the-3-most-important-things-to-do-to-get-your-house-retirement-ready\/#Liz_Weston\" >Liz Weston<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  The 3 most important things to do to get your house retirement-ready<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"If_youre_in_your_50s_now_is_a_good_time_to_get_started_on_it\"><\/span>\n  If you\u2019re in your 50s, now is a good time to get started on it<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000212711\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <em>This <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/start-early-to-get-your-house-retirement-ready?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=967374\" class=\"icon none\"><em>article<\/em><\/a><em> is reprinted by permission from <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/blog\/?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\"><em>NerdWallet<\/em><\/a><em>.\u00a0<\/em><\/p>\n<p> Many people want to remain in their homes after they retire rather than move to a senior living facility or community. Unfortunately, most homes aren\u2019t set up to help us age safely and affordably.<\/p>\n<p>If your goal is to \u201cage in place,\u201d some early preparation could help make that possible \u2014 or point to better alternatives.<\/p>\n<div class=\"paywall\">\n       \u201cSomewhere in your 50s, hopefully, you\u2019re starting to think seriously about are you going to be able to stay in the house you\u2019re in? Or are you going to need to make changes?\u201d says DeDe Jones, a certified financial planner in Denver.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Consider_what_you_need_to_change\"><\/span><strong>Consider what you need to change<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Start by thinking about how you would live in your home if you had less mobility, less energy and potentially less money.<\/p>\n<p>Unexpected expenses for\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/mortgages\/how-to-pay-for-emergency-home-repairs?utm_campaign=ct_prod&amp;utm_content=967374&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">major home repairs<\/a>\u00a0or upgrades were the most commonly reported financial shocks experienced by retirees, according to a 2015 study by the Society of Actuaries. Those big-ticket costs can be devastating on a fixed income. The society recommends a home inspection before retirement so you can identify and budget for those costs. But you also could schedule some of the expensive stuff \u2014 replacing a roof, for instance, or upgrading the heat and air conditioning system \u2014 while you\u2019re still working.<\/p>\n<p>Likewise, investments in energy efficiency could help you avoid big bills when you\u2019re less able to afford them. Adding insulation, installing a smart thermostat and choosing energy-efficient <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>liances can help. In sunnier climates, solar panels can dramatically reduce your energy costs.<\/p>\n<p><strong>See:<\/strong> 8 things successful retirees do<\/p>\n<p>Consider upkeep, as well. You might want to replace a labor-intensive grass yard and planting beds with lower-maintenance landscaping. You could swap out siding that needs to be painted every few years with a more durable option, such as vinyl, fiber cement or modified wood. Decluttering can make your place easier to navigate and to clean.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Build_your_equity\"><\/span><strong>Build your equity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>You may still face big bills or have trouble making ends meet in retirement. In that case, your home\u2019s equity could be helpful. You could access your home\u2019s value by selling it, using a reverse mortgage or getting a home equity line of credit.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>But you can\u2019t tap equity you don\u2019t have. In 2016, 46% of homeowners age 65 to 79 still had mortgage debt, according to Harvard University\u2019s Joint Center for Housing Studies. The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n balance owed was $77,000.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/mortgages\/should-you-pay-off-your-mortgage-before-you-retire?utm_campaign=ct_prod&amp;utm_content=967374&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">A mortgage in retirement <\/a>isn\u2019t ideal for many people, financial planners say. Few people get much if any tax benefit from their mortgages, and having to make the payments can cause people to deplete their retirement savings more rapidly.<\/p>\n<p><strong>Read:<\/strong> How to make up lost ground if you got a late start saving for retirement<\/p>\n<p>Planners say you shouldn\u2019t prioritize paying off your mortgage over saving for retirement and for emergencies. And you probably shouldn\u2019t take money from retirement funds to pay off a mortgage. But once you\u2019re on track with your savings goals, you could make extra principal payments to pay down the loan more rapidly. You also can avoid having a mortgage in retirement by opting for shorter loans when you refinance. If you\u2019re 50, for example, you might choose a 15-year loan over one that lasts 30 years.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Assess_accessibility\"><\/span><strong>Assess accessibility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Consider incorporating accessibility features into any\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/loans\/personal-loans\/finance-popular-home-upgrades?utm_campaign=ct_prod&amp;utm_content=967374&amp;utm_medium=wire&amp;utm_source=syndication&amp;utm_term=anne-stanleymarketwatch-com\" class=\"icon none\">planned renovations<\/a>. Grab bars in bathrooms, lever-style handles on doors and faucets, and rocker-style light switches (preferably accessible from a wheelchair) are relatively low-cost upgrades, for example. Costlier changes include widening doorways and hallways, adding a curbless shower, installing nonslip flooring and creating a zero-step entry.<\/p>\n<p>Ideally, your home would have just one level, but a home with stairs can work if it has a bedroom and full bath on the entry level. If that\u2019s your situation, you could focus your renovations on making those spaces accessible rather than trying to remake your whole house.<\/p>\n<p>Sometimes there\u2019s simply too much that needs to be done or your home has features you can\u2019t affordably modify. Even if you think you can manage a bunch of stairs or a home that\u2019s far from your neighbors, your living situation could worry your loved ones, Jones notes.<\/p>\n<p>\u201cMoving might give you the chance to live closer to your support system,\u201d she says. \u201cMakes it easier on them, makes it easier on you.\u201d<\/p>\n<p>Certified financial planner Melissa Brennan of Plano, Texas, says she and her husband are at least a decade away from retirement and still have two teenagers at home. But they recently traded a two-story, four-bedroom, four-bath home on an oversize lot for a smaller, one-story house with tiled floors and a wheelchair-accessible bathroom.<\/p>\n<p><strong>See next<\/strong>: This new type of reverse mortgage would help retirees generate much more income<\/p>\n<p>Brennan said they were mindful of the problems their parents had navigating their houses as they aged, and the bigger house was already seeming like more of a burden than a blessing.<\/p>\n<p>\u201cWe don\u2019t want to spend the rest of our lives maintaining this ginormous house that we don\u2019t need,\u201d Brennan says.<\/p>\n<p><strong>More From NerdWallet<\/strong><\/p>\n<ul class=\"articleList\">\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/smart-money-podcast-procrastination-and-paying-student-loans-vs-investing?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=967374\" class=\"icon none\">Smart Money Podcast: Procrastination, and Paying Student Loans vs. Investing<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/making-money\/3-ways-covid-19-reshuffled-our-finances?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=967374\" class=\"icon none\">3 Ways COVID-19 Reshuffled Our Finances<\/a><\/p>\n<\/li>\n<li>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nerdwallet.com\/article\/finance\/better-savers-spend-less?utm_campaign=ct_prod&amp;utm_source=syndication&amp;utm_medium=wire&amp;utm_term=anne-stanleymarketwatch-com&amp;utm_content=967374\" class=\"icon none\">Better Savers Spend Less Money on These 3 Things<\/a><\/p>\n<\/li>\n<\/ul>\n<p><em>Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston.<\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Liz Weston\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Liz_Weston\"><\/span>Liz Weston<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D33EE723B33F%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# The 3 most important things to do to get your house retirement-ready &#8221; If you\u2019re in your 50s, now is a good time to get started on it This article is reprinted by permission from NerdWallet.\u00a0 Many people want to remain in their homes after they retire rather than move to a senior living&#8230;<\/p>\n","protected":false},"author":1,"featured_media":213623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-213622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=213622"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/213622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/213623"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=213622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=213622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=213622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}