Owning a beach house is the best way for a senior to enjoy retirement. People often romanticize retirement as a never-ending vacation; why then would someone who is far removed from the daily hassle of a job need or want a beach house?
What people often overlook is the fact that retirement is a time that should be filled with engaging activities for a retiree. The following are just a few of the many reasons why owning a beach house is perfect for a retiree:
- Take a break from the routine: Seniors are living longer and retiring earlier. In fact, many seniors will spend a quarter of their lives in retirement. While some people dream of their retirement as a sort of ultimate freedom, others see things differently. Depending on the circumstances, retirement can be boring and stressful for some seniors. The novelty of having a beach house can provide a respite from the mundane routine. A beach-side property can offer the retiree and their family and friends an out-of-town place to stay that will break up the tedium that they’re experiencing back home. Retirees can scope out new cities, take multigenerational vacations, or move seasonally.
- Avoid social isolation: The biggest pitfall of retirement can be the feelings of loneliness, which tend to be most significant in seniors living by themselves. Retirement can mean losing regular contact with friends and co-workers. Without the critical structure these relationships provide, retirees can become withdrawn, depressed, and even ill. A beach house is a perfect way to create opportunities to interact with old friends and others. At a beach house, retirees can swim in the ocean, catch fish by the harbor, or take in the beautiful views with family and friends. These sea-side getaways are perfect for all ages to enjoy.
- A beach house is a great way to generate income: Retirees can also cash in on the monetary benefits owning a beach house can offer. When not using the beach house, a retiree can rent out the property to others. This passive income is perfect for a financially-savvy senior looking to diversify their portfolio, increase their overall return on investment, and keep a steady cash flow. When looking for a beach house, it is important to consider the right size, condition, and location that would appeal to potential renters. If managed right, a beach house can provide a retiree with additional income for years.
Beach houses can challenge and stimulate retirees in a positive way. They can also invigorate seniors and enhance their sense of accomplishment. This is especially true if the retiree rents the property out. They’ll likely take a keen interest in maintaining the property, learn new things, and meet interesting people along the way.
Retirees can also experience the joy that providing their family and friends with shared memories can provide. Beach houses help retirees celebrate freedom from obligations and give them something to look forward to in the future. Additionally, it can be a sign of good health to be able to get into a car and drive two or three states away. Vacation homes can also offer seniors a chance to engage in various adventurous jaunts, such as hiking, walking tours, and swimming.
It is important to remember that owning a beach house is a huge responsibility. Anybody who is considering owning a beach house (retirees included) should be able to meet the financial obligations. However, if properly handled, a beach house can generate added income while providing family and friends with memories that will last a lifetime.