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Save on Housing in Retirement Years

Retirement is a time of freedom; it’s something people look forward to most of
their lives. As you prepare for retirement, it’s natural to consider ways to reduce
your housing costs. Fortunately, there are some great ways to enhance your
lifestyle while reducing costs.

6 Ways to Save Housing Costs in Retirement

1. Downsize – The most common way to reduce costs is to downsize. Many
older Americans find they can greatly reduce or eliminate monthly
payments while reducing upkeep.

2. Home Sharing – If you are single, consider finding a housemate.

3. Retirement Communities – 55+ communities offer a lower-cost, low maintenance lifestyle.

4. Retire in Phases – Plan for the stages of retirement, including possible
assisted living. Buying into these multi-stage communities can save
thousands throughout your retirement.

5. Look at Your Mortgage – Make your current monthly payment more
affordable by refinancing at a lower rate. You might also consider a reverse
mortgage. Federally insured reverse mortgages can provide income to
supplement your retirement savings.

6. Sell Your Home – Maybe you no longer need to own a home at all. Selling a
home and pocketing the proceeds can give you the freedom to travel more
and rents may be less expensive than owning.

If it’s finally time to retire, or if you are in the final planning stage, consider the
cost of housing. Saving money on monthly expenditures is the best way to make
the most of your hard-earned retirement.

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Top Trends for Your Outdoor Living Space

Summer is in full swing and you’re spending more time outdoors. For most of us, this still
means primarily in our own backyards. Personal outdoor space has never been
more popular and if yours could use a little sprucing up, here are the hottest
trends for 2021.

Outdoor Kitchens – This trend is going nowhere. Ever since the first built-in
BBQ showed up, homeowners have loved cooking outdoors. Choose from a
simple pizza oven to a full chef’s set-up with multiple ovens, refrigerators,
cooking spaces, and bar.

Edible Gardens – While home gardeners have enjoyed seasonal tomatoes
and herb pots for decades, the rise of sustainability trends have increased
the attention on home-grown, organic fruits and vegetables. Any small
space can be transformed to grow your favorites.

Privacy Structures – Creating some private outdoor space is relatively easy.
Simple strategies, such as a large, well-placed umbrella or planter
containing tall grasses, can carve out some private outdoor space. Another
trend is using larger furniture, such as covered daybeds or gazebos have
made a strong return to the pages of design magazines.

Front Yards – With the lock downs and restrictions of the past year, front
yards have made a comeback. As people have enjoyed the ability to
socialize with neighbors and friends as they pass by, not only have front
porches become more popular but adding a patio or sitting area in the front
yard has topped the garden trends this year.

The warm weather is here for a while. This is a great time to explore the many ways to enjoy
your outdoor space. From simple weekend projects to large-scale remodels, the
trend toward using the outdoors to supplement indoor living space is here to stay.