Why buy a retirement home when you’re working?

Deciding to buy a retirement home while you are still working is a decision that is based on a long term projection of your future income and plans. Here are some of the reasons to buy your final retirement home now.
1. You will more easily be able to qualify for the loan while you have a steady income
2. You can enjoy the home as a vacation home
3. You can vacation rent the home and get a tax deduction and income while you are not using it. Financing the home as a second home and not an investment property has potential financing and tax advantages
4. Interest rates are at an all time low
5. Good development locations are being purchased as our population grows so there are more opportunities now before the baby boomers retire
6. Building costs: materials, labor and permits are increasing not decreasing
7. You are tired of the stock market
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