A majority of Americans say they want to relocate when they retire. If you’re one of them, you’ll have a better chance of realizing that dream if you prepare well in advance.
A poorly planned move could be more burden than bliss, strapping your golden years with big mortgage payments, high taxes and unbearable costs of living.
Retirees “don’t want to be house-poor,” says Marian Schaffer, a relocation expert in Libertyville, Illinois. So “the bottom line is: Live where you want to live. Just build or buy what you can afford.”
Whether you’re in the market for your ideal retirement haven or just in the mood for a little fantasy house hunting, check out these examples of what you might spend on a home in four popular retirement settings.