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Oct. 4, 2019

Retiring Soon? Top Tips for House Hunting in Reno

Choosing a city for your Golden Years is a monumental decision - you’ll want to make sure your destination is fun, affordable, and practical for comfortable aging. If you’re not already considering Reno, Nevada, you need to add it to your list! 

 

Reno, nicknamed “America’s Biggest Little City,” appears on U.S. News & World Report’s ranking of “Best Places to Live” in America, and it’s easy to see why. The city offers all of the conveniences and amenities that come with urban living while still being a small and manageable city. There are, of course, casinos -  but Reno has plenty to do even if you aren’t a gambler. The city’s downtown features excellent restaurants, fun music venues, and vibrant art galleries, all with the Sierra Nevada mountains as the backdrop. 

 

First thing on your list: You need to get started on your house-hunting journey to find your dream home in Reno. Here are some tips to help guide you during the process:

1. Figure Out Your Budget

 

If you’re like many upcoming retirees, money is a top-of-mind concern. Although the overall cost of living in Reno is slightly higher than the US average, it is lower than other major metropolitan areas and is considered very tax-friendly for retirees. This helps to offset the higher cost of housing. 

 

The Silver State is among a handful of U.S. states that do not impose an income tax, meaning all types of retirement income are tax-free at the state level. This includes income from both Social Security and retirement accounts. Additionally, property taxes in Nevada are relatively low, and no estate or inheritance taxes are collected. Additionally, the state of Nevada features important sales tax exemptions that can greatly benefit retirees, including prescription drugs, durable medical equipment (such as wheelchairs and prosthetic devices), groceries, and even newspapers. All of these exemptions can lead to big annual savings for retirees like you. 

 

2. Target Homes Where You Can Safely Age in Place

 

Even if you are healthy and fully mobile right now, you need to remember that your housing and living needs will likely change as you continue to age. Over time, you may require different living arrangements to accommodate for changing health and mobility needs. Bear this in mind as you hunt for houses. 

 

The most effective way to ensure comfortable aging in place is to work with your realtor and target senior-friendly amenities and features you’ll need in your home based on changing health or mobility needs. Focusing on one-story homes, for example, can help you avoid having to climb stairs to get to your bedroom. Other amenities like wide hallways, no-step entryways, and shower grab bars can also help ensure your home will remain appropriate for you in years to come. 

3. Explore Other Senior Living Options in Reno

 

Buying a new home for retirement is not always the best choice. Luckily, Reno is home to many different senior living options that you can explore. The right living arrangement for you is out there!

 

If independence is something you hold dear, but you’d rather not manage your own home and property alone, an active adult community could be the perfect option for you. Choosing to live in a retirement community means you aren’t responsible for taking care of major home care burdens like exterior maintenance, landscaping, and pest extermination. Additionally, these “55-plus” or “active adult” communities offer many amenities, such as swimming pools, fitness centers, and community spaces, to help you have fun and meet new people during your retirement years.

 

If you currently have or anticipate having complicated health concerns or mobility limitations, you may want to consider an assisted living facility. Assisted living facilities have professional, trained staff who assist residents with activities of daily living, such as managing medications, bathing, dressing, and keeping up with general housework. Luckily, there are many top-rated assisted living communities in the Reno area for you to explore. 

4. Find a Reliable Realtor to Work With

As you’re searching for the perfect home for retirement in Reno, it is imperative for you to work with a reliable realtor. Ask any realtors you’re thinking of hiring about their experience helping senior home buyers in the 50-plus age range, and ask to learn more about their formal qualifications. This due diligence will pay you major dividends in the end. 

 

If you’re ready to get started on your house hunting journey, contact HomeGate Realty today to schedule a chat! We devoted our lives to real estate and are passionate about providing the best customer service we can. You can expect to be given unparalleled professionalism, support, and guidance. We aim to deliver a stress-free and smooth process to all our clients. Let’s get started!

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