Assess Your Budget
Many retirees are on a fixed income, so finances play a big role in deciding where to live. Develop a budget that includes all your projected fixed living expenses, starting with the cost to purchase a home if you’re going to buy or the monthly payment if you’re going to rent.
Your budget should also include real estate taxes, a homeowners’ association or condo fee, utilities, parking, lawn care, and any other fixed monthly payments.
