Both my wife and I plan to retire this year. We would like to sell our house and either rent an apartment or purchase a Condo with a master suite and laundry on the first floor that would be better to age in.
Initially we would likely move to Wisconsin to be close to our grandchildren but in today's mobile society who knows what the future will bring so advantage renting.
However, I feel that buying gives us more protection should inflation rear it's ugly head. It also offers the opportunity for a home owner's line of credit or reverse mortgage if they are ever needed so in that case advantage buying.
I am not at all clear which option is best and would be interested in any comments the esteemed readers of this forum would like to offer.
Thanks in advance for your thoughts.
Initially we would likely move to Wisconsin to be close to our grandchildren but in today's mobile society who knows what the future will bring so advantage renting.
However, I feel that buying gives us more protection should inflation rear it's ugly head. It also offers the opportunity for a home owner's line of credit or reverse mortgage if they are ever needed so in that case advantage buying.
I am not at all clear which option is best and would be interested in any comments the esteemed readers of this forum would like to offer.
Thanks in advance for your thoughts.