With prices in many areas at low ebb, it might make good financial sense for Baby Boomers to buy their retirement homes now, even if they’re still years away from actually moving. They can find renters who will pay the bills until they’re ready to live there.
Here is some advice for people who are considering this strategy:
1. Shop carefully.
2. Study up on housing trends in the area.
3. Don’t forget maintenance. Consider who will take care of the house in the owner absence.
4. Consider financing.
