Hi,
We currently live near the NH seacoast and have been looking for our forever house, looking forward toward retirement. We have accepted an offer on our house and will close by July. We have been looking to stay in NH but, it is very competitive RE market and no luck yet.
Now, if we go over the bridge into southern Maine (Kittery area) the housing options increase dramatically. It's only 10min further north.
We've already seen some nice houses there that we would love to own but, we have hesitated.
The + side:
More available houses
housing prices are lower
property tax is a lot lower than NH
we can afford a house < 1mile from the ocean
The - side:
Maine has 7%+ income tax
Maine has sales tax
infrastructure is leaner in the area (services, healthcare, mass transit)
a bit further north (minor point)
We are very active outdoors people and that area of Maine has a lot to offer.
I've looked at the numbers, factoring in property taxes and income taxes, and it's close to a wash.
I am just wondering if I am missing something. I would love to hear from anyone else who could provide insight, or experiences, in retiring in Maine.
Good idea? Bad idea?
Thx,
Rob
We currently live near the NH seacoast and have been looking for our forever house, looking forward toward retirement. We have accepted an offer on our house and will close by July. We have been looking to stay in NH but, it is very competitive RE market and no luck yet.
Now, if we go over the bridge into southern Maine (Kittery area) the housing options increase dramatically. It's only 10min further north.
We've already seen some nice houses there that we would love to own but, we have hesitated.
The + side:
More available houses
housing prices are lower
property tax is a lot lower than NH
we can afford a house < 1mile from the ocean
The - side:
Maine has 7%+ income tax
Maine has sales tax
infrastructure is leaner in the area (services, healthcare, mass transit)
a bit further north (minor point)
We are very active outdoors people and that area of Maine has a lot to offer.
I've looked at the numbers, factoring in property taxes and income taxes, and it's close to a wash.
I am just wondering if I am missing something. I would love to hear from anyone else who could provide insight, or experiences, in retiring in Maine.
Good idea? Bad idea?
Thx,
Rob