Buying your first home after 60

Stephanie Oliver
Published on August 31, 2021

Buying your first home after 60

Most of us have to work a lifetime to be able to afford to buy a house. We spend our lives renting houses and flats and investing in other people’s homes. Even if the long-awaited moment comes later in life, buying your first home after 60 can still be a good idea. Instead of retiring to a nursing home, why not retire to your piece of heaven? 

If you are buying your first home, we are here to assist you. We put together a step-by-step plan that will help you find the house of your dreams.

Think about the financial implications

Deciding to buy a home when you are in your 30s or past 60 is not the same thing. Even if there are financial companies that will offer you a loan, having to pay it for the next 30 years doesn’t sound so tempting. Make sure that you are well aware of the implications. This is one financial engagement that your children might have to deal with someday.Make the step of buying your first home after 60 only if this doesn’t mean financial instability. You want to enjoy your life after retirement, not have to worry about payments. Look at your options carefully and ask for guidance if you have to. Real estate agencies can give you an idea about the costs of a house and all the extra fees and taxes.

Start the hunt for your new home

When you are on a house hunt for the perfect home, the best thing to do is to make a checklist. Write down what you are looking for in your new place. Try to stick to your list but also be flexible. You might find a good home, but not in the area you initially wanted. Don’t say no without checking it first. Maybe some other aspects might make that place a better choice. 

Look carefully at all the details of each property. Location, neighborhood, accessibility, and appearance are all essential aspects.

Finding the right location

Whenever you are looking for a new home, choosing the right location is at the top of the list. When you are buying your first home after 60, selecting the right area is even more important. It’s the place where you will spend your days after you retire. So, check out the neighborhood

Getting in touch with a real estate agent can help you gather some information. Take a look at your future neighbors and see the state of the houses in the surrounding area. Find out how traffic is in the region and if you have access to transportation and necessities. If you are a dog owner, ask if there is a dog park nearby. Also, check the cost of living in that area. 

Think of everything that will make your life comfortable in your new home. Asking all the right questions will help you choose the best location. Family, friends, and neighbors can also help you find all the information. 

The reason why the house is on sale can also be important. If the owner is a first-time seller, it can say a lot about the house. People live more than 10 years in a home before selling it. If the place looks good after all that time, it usually means that it was taken care of. On the other hand, if you see there is a need for repairs, you might find more significant problems later

The price of a property will usually help you make a decision. A too low price is frequently a warning sign. Moreover, try to find out if there are any development projects planned for the area in which you want to buy your house. You wouldn’t want to wake up to a store in your backyard in a few years.

Stick to your needs

If you are used to a certain comfort in your existing home, you shouldn’t settle for less. When you are buying your first home after 60, this is not the time to compromise. Therefore, if you are looking for a place where you plan to live for at least five years, certain house features might help you make your choice.

  • The number of rooms.
  • The number of bathrooms.
  • The size of the yard.
  • If it has a garage.
  • Is it move-in ready? 

You can also check if there are possibilities for modifications. If you can make it better, why not? Also, take a good look at the integrity of the structure. For example, make sure that it is floodproof. You don’t want to move into an unsafe home. 

If you are looking to downsize your living space, these features might not affect you. Still, have in mind that moving from a big house to a smaller one is a challenge. All the stuff that you now have in your house might not fit into the new place, so try to have proportions in mind when looking for a home.

When it is time to move in

You’ve found the house of your dreams. With proper help and guidance from family, friends, and professionals, buying your first home after 60 was child’s play. All you need to focus on now is the move. The best thing is, you can also get help with this stage.

Moving can be a time-consuming and frustrating process. Packing and unpacking all your belongings and transporting them safely are not easy tasks. The best thing you can do is hire a professional moving company. You can have a stress-free move if you let the pros lead the process. You will gain precious time during which you can start planning your retirement. 

Enjoy your new home

You finally have a place to call your own. This gives a nice feeling to anyone, no matter what age. It doesn’t matter if it happened later than expected; all your hard work paid off in the end. Now, you can start focusing on other important things in your life.

Buying your first home after 60 doesn’t have to be a scary process. It could actually turn out to be a great experience. And if you really want to enjoy the ride, hire professionals to help you along the way. You won’t regret it!

This article was contributed by Lindsay Denton, who provides other tips, guides, and advice for moving on her blog, at

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