Relocating to San Diego Archive

Retiring? Explore Why Relocating Could Be Ideal

Are you entering retirement or have recently retired? Now might be the perfect time to ask yourself if your current home still suits your new lifestyle. Transitioning into this exciting new phase means reassessing your living situation. Whether it’s moving to a place with better weather, like the San Diego area, or just plain downsizing. The good news is that you’re in for a treat and are likely in a stronger position to consider a change than you think. Let’s explore some key factors to help you determine whether selling your home right now and relocating is the right move for you.

How Long You’ve Been in Your Home

Firstly, consider how long you’ve lived in your home. Historically, from 1985 to 2008, homeowners typically shifted or moved homes on average every six years. However, trends are changing. Data from the National Association of Realtors (NAR) indicates an increase in the duration homeowners are spending in their homes today, showing a tendency towards longer stays than the said average (refer to the graph below):

Homeowners Are Living in Their Homes Longer in Recent Years Graph

Living in the same home for years often means going through many life changes under its roof. Whether it’s welcoming a new family member or starting a fresh chapter, your home is there through it all. But as life evolves, so do your needs. If your home no longer fits your current lifestyle, it might be time to explore new options. There could be a perfect place out there that aligns better with your life’s new direction.

Understanding Your Home’s Equity Growth For Retirement

Have you been living in your home for a number of years already? Chances are, you’ve built up substantial equity – a real advantage for your next move. Why is this? It’s simple. Over time, as you continue to own your home and pay your mortgage, its value in the market usually increases. This is especially true thanks to the general trend of home price appreciation. A clear example of this comes from data from the Federal Housing Finance Agency (FHFA), which paints a vivid picture of this growth.

Let’s dive into the numbers. On a national level, the average homeowner who’s stayed in their home for five years has witnessed nearly a 60% increase in property value over time. That’s a significant jump! But it gets even better. For those who have held onto their homes since 1991, the value has more than tripled. These figures aren’t just numbers; they represent real financial benefits for homeowners like you. So, whether you’ve been in your home for a short while or over a few decades, your investment has likely grown substantially, setting you up for a brighter financial future and another step to your next dream home.

Pondering on Your Retirement Dreams

Thinking about your retirement dreams? If you’re aiming to downsize, move to your ideal spot, or just want to live nearer to family and friends, the equity in your home might be your ticket to achieving these dreams. According to the National Association of Realtors(NAR), many recent sellers moved primarily to be closer to their loved ones.

No matter your housing aspirations, partnering with a dedicated real estate expert is definitely a smart move to make. They’re not just there to help you sell your current place; they’re also your guides in the journey towards purchasing the perfect home that suits your current lifestyle. Lean on their expertise to make the transition smooth and fulfilling.

Bottom Line

Retirement marks a new chapter filled with exciting changes, and finding your dream home is no exception. It’s the perfect time to think about what you truly need and want from your living space. Whether you’re looking for something cozier, with less maintenance, somewhere that’s closer to family and friends, a new environment, or simply a home that better fits your new lifestyle, we’ve got you covered. Feel free to connect with the McT Real Estate Group; let’s take a look at the fantastic homes available in our area that match your new retirement needs and let you see what San Diego living has to offer.

Why San Diego Homebuyers Move Despite Rising Costs

Are Grandparents Relocating for Their Grandkids?

During the height of the pandemic period, families all over the world made the heart-wrenching choice to keep some distance away from other family members to safeguard and protect their health. Many grandparents sadly had to temporarily press the pause button on those long-awaited cherished visits with their grandchildren, particularly when schools started to reopen. The concern was extraordinarily real – nobody wanted to risk exposing our older loved ones to potential illnesses brought home from school.

As we transition away from the pandemic’s peak and the health risks have greatly dwindled down, most grandparents’ heartfelt desire to recapture the times they have missed and rekindle those precious moments with their grandchildren suddenly became an ongoing trend. So, currently, what steps are they taking to make those dreams into a reality?

The latest buzz in the San Diego real estate scene offers you quite a clue: an uptick in grandparents making a move for their loved ones, all to make sure they’re present for every cherished moment with their grandchildren and remind their parents that they are just a simple phone call away.

Relocating for Family: A Growing Trend Among Grandparents

Fresh insights from the National Association of Realtors (NAR) reveal that individuals aged 55 to 74 are more likely to move longer distances (over 100 miles) compared to other age brackets.
Let’s check out the detailed graph below for a closer look. shall we?

At around 67 years old, which is the average age for grandparents in the U.S. to date, many might picture them finally settling in for the long haul. Yet, it’s actually quite fascinating to see a good chunk of folks in this age group taking on bold, long-distance moves. So, what’s prompting our beloved grandparents to pack up and venture out to look for new homes during these golden years? A deep dive into the respected NAR study shows that, more often than not, it’s the pull of family ties. Their longing to be in closer proximity to their children and adorable grandkids is the top reason (as the graph below highlights) for them to take these steps.

Understanding the Data

Taking a closer look at the numbers and the data we already have, it’s evident that a good number of grandparents are turning their dreams into reality right now, seniors to savor those precious moments with their grandkids. The solitude and seclusion many have felt during the COVID era probably intensified this desire to start making these changes. Being isolated from loved ones not only highlighted the significance of close family bonds but also made many reevaluate their priorities.

For those who wear the proud title of ‘grandparent’, the bond with their grandkids isn’t just felt; it’s lived. Some might even be mulling over the idea and going the distance of selling their current place just to bridge that distance and gap. As Vance Cariaga from Go Bank Rates puts it:

“Never underestimate the power of grandchildren – especially when it comes to lifestyle and financial decisions. Recent data shows that many baby boomers are relocating further away from home than they used to so they can be closer to their grandbabies.”

In Conclusion

There’s definitely a clear real estate trend emerging right now: grandparents are covering more miles just to be closer to their little ones. Trust us when we tell you that you’re not alone, If you’re a grandparent, this might stand to resonate with you. When that desire to live nearer to your family tugs and pulls at your heartstrings, it’s not just about geographical distance anymore. It’s about those spontaneous Sunday dinners, being there for the school recitals, or simply enjoying an afternoon at the park with them.

When the call of these precious moments grows stronger, feel free to reach out to the McT Real Estate Group Team. We understand the emotional significance behind such decisions, and we’re here to guide you every step of the way, ensuring your move is smooth and stress-free.

“In the vast tapestry of life, a grandparent’s love for their grandchild is a golden thread that shines brilliantly, unwavering in its strength. It’s a love so profound that mountains would be moved, horizons crossed, and homes uprooted, just to bask in the joy of a shared moment, a loving hug, or a cherished memory. For in the heart of a grandparent, distance is but a small price to pay for the boundless love they feel for their little ones.”

Home Equity: A Strategic Move for Your Retirement Plans

Relocating for Work | Your 6-Step Relocation Checklist

It’s not uncommon to relocate for a new job. In fact, people frequently move across the ocean to pursue a dream career. Regardless of how far you’re going, relocating for work can be stressful, especially if you have children and pets to think about. Thankfully, there are many steps you can take to prepare for your move in advance. We’re here to help you plan a smooth and stress-free transition in or out of San Diego so you can arrive in your new home ready to jump into your new job!

Consider Your Housing Options

Selling your current home and buying a new one is the first step in your moving process. Get in touch with a local San Diego realtor like the McT Real Estate Group for help selling your home. If you’re moving somewhere new for the first time, consider renting a place in the city for a while before committing to a home purchase. You can scout out potential rentals and find pricing information online. For example, 2-bedroom apartments in San Diego rent for an average of $3,700 per month. Some rental websites even provide 3D tours so you can view apartments without visiting in person.

Find a Home in the Right Neighborhood

Once you’ve decided whether you’re going to rent or buy a home, your next step is to determine the perfect location. Research different neighborhoods in your new city and find one that meets the needs of your family. Remember to consider important location criteria like the quality of nearby schools, your proximity to your new job, and neighborhood crime rates.

Hire a Moving Service

Regardless of how far you’re moving, consider hiring professionals to help your move go smoothly. Hiring professional movers means you won’t have to lift heavy furniture or drive an oversized moving truck down the highway. By handing off your move to professionals, you’ll have more time and energy to focus on all of those other little moving details, like updating your address and registering for a new license.

Pack Smart

Packing up all of your possessions doesn’t have to be as time-consuming as it seems. Start by getting rid of anything you don’t need anymore. Once you’ve pared down your possessions, The Spruce suggests creating a coded packing system so you can easily keep track of your things once they disappear into boxes. And remember to pack a box of essentials—you will need this during the first day in your new home!

Make Your Travel Arrangements

Making travel arrangements in advance is crucial for ensuring your move goes smoothly, especially if you have pets and/or kids. If you’re driving to your new home, get your car tuned up for the big drive and map out your route. Remember to schedule stops and book hotels if your move will take more than a day. If you’re flying, now’s the time to get tickets and book your seats so your family can sit together on the flight.

Prepare for Things to Go Wrong

When it comes to moving, all kinds of things can go wrong. Perhaps all your stuff doesn’t fit on the moving truck or maybe the weather is bad on your moving day. The best way to avoid these hiccups is to prepare for them. Make a contingency plan for issues like traffic congestion, packing problems, or moving company mess-ups. When you’re prepared for anything, you’ll be able to sail through obstacles with little stress.

Moving to a new city is always exciting, especially if you’re starting a great new job. Of course, the moving process is bound to be tiring as well. Get all the stressful stuff out of the way as soon as possible so you can start daydreaming about all the fun things you and your family are going to do in your new city!

Are you looking to buy or sell a home in San Diego? The McT Real Estate Group can help! Contact us today so we can discuss your real estate needs. Call 619-736-7003.