Feb. 1, 2022
Expanding Your House and Your Life
While many retirees are focused on downsizing, you may be one of a select group who's actually looking to expand your house and your life by incorporating new hobbies, visitors, and maybe even a new business. If this sounds like you, read on for some tips and tricks from the Rivero team to help you find the perfect home for your ideal life.
Incorporating New Hobbies
Now that you're retired, you finally have time to pursue those hobbies you've always wanted to try. But you also need the space in which to do so, and this may mean buying a larger home. Perhaps you've always wanted to plant a huge garden and grow vegetables and flowers. You need a significant piece of land to be able to follow that hobby. You may also need an upgraded kitchen so you can cook or can your produce.
Maybe you have a special love for arts and crafts. In that case, you may want studio space so you can spread out and create. If you're a musician, you may long for a music studio where you can practice and record. If you're into model trains, you need a large room to create your dream layout.
If your hobbies aren't your primary focus, you may instead want to concentrate on welcoming visitors to your larger home. You may be longing to surround yourself with your children, grandchildren, friends, and members of your extended family. In that case, you need plenty of bedrooms for your guests as well as entertainment spaces where your loved ones can gather for food, fun, and conversation.
Starting a Business
You may also need a larger home if you're planning to start a home-based business. Whether you're planning to teach music lessons, practice interior design, try your hand at farming, or freelance as a writer, editor, or tutor, you need enough space to start and pursue your business interests. This may mean you need a dedicated room for an office or studio, or maybe you need more land.
If you're seriously considering starting a business, you might decide to form a limited liability company (LLC) to benefit from its tax benefits, flexibility, and limits to personal liability. Do your research ahead of time, though, as rules and regulations vary by state. If you don't feel up to doing all the paperwork on your own, you can save time and lawyer fees by hiring a formation service to make sure everything is in order.
Buying the Right House
When you've decided that a bigger house in Ellicott City is exactly what you need, you must then take a close look at your budget and determine how much you can spend. Also, write up a list of priorities with your hobbies, visitors, or business in mind and determine what you absolutely must have in a new home. To smooth out the buying process, consider hiring a real estate agent to help you with your search, negotiations, and closing.
Enjoying Your New Place
When all is said and done, you can settle back into your new, larger home and pursue your hobbies, entertain your visitors, or start your business. So contact Rivero Realtors today, and get started.
Post by Claire Wentz