Retiring in the Research Triangle

In The Research Triangle we are witnessing a real shift in demographics in the housing market. Many technology companies choose The Triangle because the schools generate so much of the talent that they are looking for. As a result, the market for new homes and and among first-time home buyers is strong, but what may be less obvious is the large uptick in those choosing to retire in The Triangle. There are numerous reasons that make retiring in The Triangle desirable and we are going to list some of the lesser know reasons that The Triangle is an excellent retirement option for those at that stage in their lives. We also have some facts about home equity and retirement.

Healthcare

Whether you are choosing a continuum living solution, a multigenerational scenario, or simply rightsizing, one of the biggest considerations when you are retiring is healthcare. The Triangle is home to world class medical WakeMed teaching and research hospitals. People come from all over the world to receive care at Duke, WakeMed, and UNC. Builders are paying attention and it should come as no surprise that there are many housing options with universal design and elderly care in mind.

Lifestyle

The brilliant thing about The Triangle is for those retiring there are so many cultural things going on from incredible dining, the arts, and events, that you can truly enjoy yourself. There are also advantages for those looking for continuing education. With so many universities nearby offering continuing education there is no telling what will strike your fancy in your retirement.

Travel

If you are dreaming of traveling in your retirement, there is easy access to a hub of Delta at Raleigh Durham RDU International Airport International Airport; offering global access, and a very easy airport to travel from. Unlike many international airports, the Raleigh Durham airport is not as congested as most but offers a surprising amount of direct routes internationally and domestically.

Housing

Finally, if you are thinking about retiring in The Triangle, you should really consider your housing. Some will move in with relatives, others will redesign their existing home with features to make it more friendly for aging in place, while others still will consider a continuum living community. According to the Research Industry Trust Institute, 10,000 baby boomers reach retirement age daily and only 47% are retiring. Soon they will need to consider more carefully the housing option that suits them best. Here is our brochure that lists Aging in Place Communities.

Timing your Move

According to the National Association of Realtors, homeowners who purchased a home five years ago would have gained over $125,000 in equity from price appreciation alone. When you consider the timing of big decisions, retirement is certainly one of them, and by selling your home while the conditions are right, you stand to gain a lot of money by selling earlier rather than later. Even if you do not plan on retiring right away, that amount of money can be a real boon to your retirement fund and conditions may not always be this favorable to sellers, especially in The Triangle.

We are seeing our sellers who are looking to downsize, realize incredible gains. If you are considering downsizing or moving into an aging-in-place facility and would like help organizing the move and the sale of your home, please reach out to My NC Homes. We have extensive experience in these transactions and types of moves and are also experts in the area of continuum living solutions in your area.

Looking for more blogs on Aging in Place in The Triangle? Click Here.

 

To learn more about homes for sale in an active adult community, get in touch with the MyNCHome team today! Send them a message or give them a call at 919-451-7868.

Posted by Larry Tollen on
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