It’s the million-dollar question everyone is talking about – how will the recent election affect real estate?
Realtor.com has posted an article with its take on the election and how the real estate industry may change as a result. Some anticipate that Trump’s re-election could have a dramatic impact on housing policies.
The article explains that amid an ongoing housing crisis, his administration’s proposed measures include deportations, reduced housing regulations, and increased access to federal land for new developments. While Trump’s promises to lower housing costs appeal to many, experts say his policies are unlikely to address the root issues in the housing market.
>For example, deportations are intended to reduce housing demand, yet they could also disrupt the construction labor force, a vital component in home building.
>On regulation cuts, the president elect believes scaling back could cut home prices by 30%, though data shows regulatory costs only make up a fraction of housing prices.
>Although opening federal land could slightly ease shortages, much of this land isn’t near urban areas where demand is highest.
At the end of the day, only time will tell but the good news is that many are optimistic that homes may be more affordable, young people might be able to get into the housing market, and that seniors will be able to sell their homes with a profit they can use to enjoy the retirement years.
Seniors and retirees have long sought retirement destinations in the south largely because of the milder weather but there are so many other great benefits for seniors. Grace Zhu from TheStreet.com recently looked at some of the local and state tax benefits that are luring seniors to the Peach State.
Flat Tax Rate: Georgia moved to a flat tax rate of 5.39% as of April 2024. Potential annual reductions could bring it down to 4.99% by 2028.
Social Security and Medicare Benefits: Exempt from Georgia state income tax, allowing retirees to retain more of their benefits.
Pension Income Deductions:
Retirees aged 62-64 can deduct up to $35,000.
Retirees aged 65 and older can deduct up to $65,000 from pension income.
Increased Exemptions:
Personal exemption raised to $12,000 for singles and $18,500 for married couples.
Dependent allowance increased to $4,000 per child.
Investment Income: No special tax treatment; interest, dividends, and capital gains are taxed at 5.39%.
Capital Gains Exclusion on Primary Residence:
Up to $250,000 for singles.
Up to $500,000 for married filers.
529 College Savings Plan:
Contributions are tax-deductible up to $4,000 for singles and $8,000 for joint filers.
Contributions can be made until the tax filing deadline in April.
Retirement Account Distributions: 401(k), 403(b), and IRA distributions are taxed at the state level but enjoy deductions similar to pensions.
Military Retirement Exemption:
Military retirees aged 62+ can adjust their state tax returns.
Those under 62 can exclude $17,500 of military retirement income, plus another $17,500 if they have over $17,500 in earned income.
Property Tax Relief:
Property assessed at 40% of fair market value, with possible local homestead exemptions.
Exemptions available for seniors, including a school tax exemption at age 62 and additional $4,000 exemptions at age 65.
No State Estate or Gift Tax: Georgia has no estate, inheritance, or gift tax, aiding in estate planning.
For a smooth transition into retirement in Georgia, consider these tax benefits and exemptions that could help maximize your income and savings.
If you’re thinking about selling your home in Georgia, you might wonder if November is a good time. While spring and summer are typically peak seasons for real estate, November can still be a great month to sell. Here’s why.
Serious Buyers – In November, the buyers out there tend to be serious. These are people who need to move before the holidays or the end of the year. They’re motivated, which can lead to quicker sales.
Less Competition – Many sellers wait until spring to list their homes, so there’s less competition in November. With fewer homes on the market, your property has a better chance to stand out.
Fall Curb Appeal – Georgia’s beautiful fall foliage can give your home a cozy, inviting look. With some seasonal décor, you can boost your home’s curb appeal and attract potential buyers.
Year-End Tax Benefits – Some buyers may be looking for year-end tax benefits, like deductions from mortgage interest or property taxes, which can motivate them to close on a house before the new year.
Mild Weather – Georgia’s weather in November is mild and pleasant, making it easier for buyers to view homes compared to harsher winter months.
Bottom Line: While spring is still the busiest time for real estate, selling in November in Georgia has its perks. With motivated buyers, less competition, and fall curb appeal, it could be the perfect time to list your home!
While many of my clients purchased homes over the years with the traditional 30-year mortgage, increasingly I see younger buyers opting for a 15-year mortgage. Why? It can help them build a bigger nest egg for later in life.
A recent Kiplinger article looked at the benefits and drawbacks. It noted that people in their 20s are dealing with student loans, marriage and children. Then in their 30s and 40s are facing obligations like college tuition and elder care. When they are in their 50s, many wish they had focused more on saving earlier in life.
For those who qualify, a 15-year mortgage can help reduce financial challenges that often persist through middle age. The most significant difference is the length of repayment and its impact on finances. Although a 15-year mortgage comes with higher monthly payments, it offers remarkable long-term savings.
Faster Equity Building: Paying off the mortgage in 15 years allows one to build home equity more rapidly, giving financial security sooner.
Significant Savings: Opting for a 15-year loan can save thousands in interest payments, making it a smarter financial choice over the long haul.
Early Mortgage Freedom: Be mortgage-free a full 15 years sooner, giving you the freedom to reinvest in other areas, such as stocks, bonds, or even additional real estate.
There are drawbacks including:
Higher Monthly Payments: A shorter loan term means a higher monthly payment, which can be challenging for some buyers to manage.
Tougher Qualifications: Some lenders may require higher financial standards to qualify for a 15-year mortgage.
Less Flexibility: With more income tied up in mortgage payments, you may have less flexibility for other financial goals.
Of course, homebuyers have to know what they can afford. The 28/36 rule is a great guide suggesting that no more than 28% of your gross monthly income should go toward home-related costs, with no more than 36% allocated to debts. And homebuyers should have three months of payments in reserve in case of a financial emergency.
The best advice I give any home buyer is to speak with a mortgage expert who can evaluate the situation and determine what mortgage best aligns with their personal goals.
It’s starting to show up in articles and in the newsbut what exactly is the Silver Tsunami?
“Silver Tsunami” is a term used to describe the demographic shift that is occurring as the baby boomers—those born between 1946 and 1964—age. This aging of this large generation is creating both opportunities and challenges for society.
It will have a profound impact on things such as:
Health care & long-term care costs
Social Security strains
Workforce shifts
Transfer of wealth
The Silver Tsunami will also have an impact on real estate. Baby Boomers are aging out of their homes and downsizing. As a result, many of their homes will hit the real estate market.
For homebuyers, the anticipated influx of homes could significantly affect housing supply. Since baby boomers are often looking to downsize and not buy another home after selling, the market may see more available properties, helping to balance supply and demand. This could ease competition for younger buyers, stabilizing home prices and creating more affordable opportunities for those looking to buy.
While the full effects of the Silver Tsunami may take several years to unfold, it’s expected to gradually increase housing inventory, which could help address the current shortage.
Want to know more, contact us here at Atlanta Seniors Real Estate. We’re happy to answer any questions you may have.
Now that we’re immersed in election season, many people ask me how the race and ultimate outcome could impact the housing market. Many of my baby boomer clients are reluctant to take action until they have a better feel for how their personal finances will be affected by this year’s presidential election.
Ultimately, I tell them that if they need to relocate or downsize, they should proceed. While finding space in a local senior living community may be fairly easy, finding a home could be challenging if inventory is low as people adopt a “wait and see” approach to selling.
Regardless of whether you’re looking to buy or sell a home, it’s important to understand how political changes can affect everything from mortgage rates to housing inventory.
1. Potential Changes to Mortgage Rates
The election can influence mortgage rates, as candidates’ policies on the economy, inflation, and the Federal Reserve play a role in shaping interest rates. If policies favor economic growth and stability, mortgage rates may remain low or stable, which benefits both buyers and sellers. Conversely, if uncertainty or inflation concerns arise, mortgage rates could increase, making it more expensive for buyers to finance homes.
2. Housing Market Regulations and Policies
New regulations or policies introduced by elected officials can impact the housing market. For example, changes in tax laws, incentives for first-time homebuyers, or new affordable housing initiatives could alter the demand for homes. These changes could benefit buyers by providing more options or financial incentives, while sellers might see shifts in market activity depending on how the policies influence buyer behavior.
3. Economic Confidence and Market Activity
The housing market thrives on economic confidence. A stable political environment can boost consumer confidence, encouraging more people to buy or sell homes. In contrast, uncertainty or economic concerns following an election could lead to a slowdown in the housing market as buyers and sellers wait to see how the economy will be impacted.
4. Local vs. National Elections
Local elections can also play a crucial role in the housing market. Local policies on property taxes, zoning, and infrastructure development directly impact home values and desirability. Buyers and sellers should keep an eye on local elections to understand how they might affect their specific market.
Want to know more?
While the impact of an election on the housing market can vary, being informed and prepared is key. Whether you’re buying or selling, staying updated on election outcomes and policy changes will help you make the best decisions for your real estate goals. If you’d like to discuss options, feel free to contact Atlanta Seniors Real Estate.
There are more than 72 million baby boomers in the United States. Many of these boomers find themselves in a challenging financial position — they are “house poor.”
House poor means they spend so much on their home that they struggle to afford other essentials, such as daily expenses, healthcare, and leisure activities. The general rule of thumb is that housing costs shouldn’t exceed 30% of one’s income. However, for those who are house poor, these costs are often much higher.
So, why are baby boomers specifically becoming house poor? A recent article on GoBankingRates.com explains some of the key reasons.
1. Resisting Downsizing
Many baby boomers have seen their homes appreciate significantly over the years and have developed a strong emotional attachment to them. In my experience, that along with the daunting task of cleaning out to downsize prevents many from making a move when it might be the best option.
2. Refinancing Instead of Paying Off the Mortgage
Another trend affecting baby boomers is their choice to refinance rather than pay off their mortgages. While refinancing can offer short-term financial relief or extra cash, it often leads to more debt over time and fewer resources to help one enjoy late life.
3. Reluctance to Rent Out Part of Their Home
Renting out a portion of a home can be an excellent way to offset costs. However, many baby boomers are reluctant to consider this option. For those struggling with home-related expenses, it can help make the home more affordable.
4. Dipping Into Savings to Keep the House
Many baby boomers dip into their savings to cover home-related expenses, which can be risky. I advise clients to consult with their financial advisor to determine whether the home is “affordable.” Seniors can also explore a reverse mortgage.
Finding a Solution: Assessing Your Options
To avoid becoming house poor, assess your financial situation and consider all available options. Ultimately, it’s about making sure the home works for retirement—not the other way around.
Consulting with a financial advisor can provide valuable guidance tailored to individual circumstances, ensuring a stable and enjoyable retirement. And, if you’re considering a move, contact us to help you get started.
The Federal Reserve’s half-point rate cut has many people wondering how they’ll be affected. What does it mean for mortgage rates and for homebuyers in general?
Lawrence Yun is the Chief Economist for the National Association of Realtors, and he weighed in on the rate cut. Yun says it is just the beginning of a series of adjustments expected to continue into 2025, with the next cut likely coming after the Presidential election. This move is driven by cooling inflation and slower job growth in recent months.
Mortgage rates, which aren’t directly controlled by the Fed but are influenced by its decisions, have already dropped by 150 basis this year. However, any further declines are expected to be minimal. The high federal budget deficit means large borrowing will limit the available capital for mortgage lending, reducing the impact of future rate cuts.
For homebuyers, the drop in mortgage rates has significantly boosted purchasing power. A buyer with a $2,000 monthly mortgage budget now has about $50,000 more to spend on a home compared to earlier in the year. Those who were previously priced out due to high rates might find themselves back in the market.
It’s a promising shift for buyers, but future Fed cuts may not have as strong an impact due to broader economic factors.
You may have heard about a National Association of Realtors settlement recently. It includes changes in how real estate commissions are disclosed and negotiated with a goal of increasing transparency and fairness for homebuyers and sellers.
What’s it all about? Well, back in 2019, Missouri home sellers filed a class-action lawsuit against the National Association of Realtors (NAR), accusing it of antitrust violations that inflated commissions. A jury sided with the plaintiffs, awarding a $1.8 billion verdict against NAR.
To settle this and other similar lawsuits, NAR agreed to two key rule changes:
When listing homes on Multiple Listing Services (MLS), agents can no longer include the buyer agent’s compensation.
Buyers will now be able to negotiate and formalize their agent’s pay through a signed contract.
The settlement doesn’t do away with the traditional 5-6% commission split between listing and buyer agents, and NAR emphasizes that commissions were always negotiable. But the changes are expected to make commissions more transparent and competitive, as buyers will now be more directly involved in negotiating agent fees.
Last week’s storm system (Tropical storm/hurricane Debbie) brought record rainfall and flooding to the southeastern US. As residents begin the clean up, AARP updated a great article providing tips to help when you’re faced with storm clean up.
Wait for Safety Clearance Only return home when local authorities deem it safe. Ensure floodwaters have receded and roads are clear of debris.
Prepare with Proper Safety Gear Bring flashlights or battery-powered lanterns. Pack N95 masks and gloves to protect against contaminants. Wear closed-toe shoes, long pants, and long sleeves.
Inspect Exterior for Hazards Check for downed power lines, gas leaks, and structural damage. Seek professional help if major hazards are present.
Document Everything Take photos or videos of all damage before cleanup. Include every room, closet, cabinet, and drawer. Photograph items before discarding to aid insurance claims.
Contact Insurance Promptly Call your insurance company’s claims hotline as soon as possible. Provide detailed documentation of the damage.
Address Water Damage Clean stormwater residue using a wet/dry vacuum or mops. Use fans and open windows to dry out moisture. Remove and replace soaked drywall and insulation.
Clean and Sanitize Salvageable Items Use appropriate cleaning products for wood and solid surfaces. Wash soaked clothes immediately to prevent mold.
Discard Damaged Items Properly Group debris according to municipal waste guidelines. Check with local agencies for specific disposal methods.
Care for Heirlooms Use remediation services or dry out items yourself. Separate pages of wet documents and lay them out to dry.
Seal Off Home Gaps Use plywood or tarps to cover broken windows and gaps. Prevent further damage until permanent repairs can be made.
Hire Reputable Cleanup Crews Vet companies thoroughly and get multiple quotes. Avoid scams by reading reviews and checking credentials.
Reach Out for Help Seek assistance from friends, family, and disaster relief organizations. Contact FEMA and the American Red Cross for additional support
For more information on storm cleanup, visit the websites of the Centers for Disease Control and Prevention, the U.S. Environmental Protection Agency and the U.S. Department of Homeland Security.
Although my work involves helping seniors downsize and relocate, I do receive a lot of questions from seniors who are exploring whether to “age in place” rather than endure the inevitable stress of a move.
Aging in place simply means you’ve chosen to remain in your family home – perhaps making some changes to accommodate physical limitation. People feel comfortable with familiarity, and it provides a sense of independence.
According to AARP, 77% of adults aged 50 and older prefer to stay in their homes.
Samara Scheckler from Harvard’s Joint Center for Housing Studies points out that while many seniors want to remain at home for independence, 70% will need some form of assistance to do it. This assistance ranges from daily activities to more advanced care, often requiring economic resources that may be out of reach.
The cost of in-home care is a significant factor. MarketWatch reports that the average cost of a home-care aide is $27 an hour, and Genworth’s Cost of Care report shows that these costs are on the rise. A home health aide now costs a median of $61,776 annually, while homemaker services cost about $59,488 per year.
Additional Home Modifications
Beyond direct care costs, seniors may need to make modifications to their homes to ensure safety and accessibility. This could include installing ramps, grab bars, or other mobility-enhancing updates, adding to the financial burden.
Financial Reality
Given these expenses, only 14% of single individuals aged 75 and older can afford a daily visit from a caregiver, according to MarketWatch. While the desire to age in place is strong, it’s crucial for seniors and their families to plan and consider all associated costs and necessary modifications.
Aging in place offers comfort and familiarity but requires careful planning and resources to ensure safety and well-being. As this trend grows, it’s essential to address these challenges to help more seniors live independently at home.
As a Seniors Real Estate Specialist with a decade of experience, I understand the importance of a smooth transition for older adults during their relocations because I have witnessed the challenges faced by older adults during downsizing, resizing, or relocating.
In my work, I’ve partnered with local movers, which has been helpful for my clients to keep the stress down when they don’t know who to trust. Remember, protecting your move starts with informed choices and prioritizing safety and peace of mind – trust your gut, if something feels off, it probably is.
Navigating the real estate market can be overwhelming. It’s even more daunting when you’re a senior with entirely different factors to consider from when you were younger.
A designated Senior Real Estate Specialist (SRES®) is trained to manage the needs of older adults and guide them through every step of the real estate process.
Here’s why working with an SRES® like us here at Atlanta Seniors Real Estate makes a significant difference.
Specialized Expertise: SRES® designees undergo special training to address the unique needs and challenges seniors face in real estate transactions.
Customized Solutions: From creating a personalized marketing plan to ensuring your new home meets your current and, importantly, your future needs. A SRES® will tailor the approach to fit your situation and needs.
Financial Guidance: SRES® designees are well-versed in the financial aspects of real estate transactions for seniors, including reverse mortgages, retirement accounts, and more. We’re able to help you make informed decisions that align with your financial goals.
Extensive Network: An SRES® can connect you with trusted professionals in their network, including movers, attorneys, and home inspectors, to provide support throughout the process.
Are you a homeowner in Georgia? Have you heard about scams where fake deeds are used to take over a property?
If so, check out the Filing Activity Notification System (FANS). Developed by the Georgia Superior Court Clerks’ Cooperative Authority (GSCCCA), FANS is a valuable tool that helps residents keep track of important real estate and personal property records.
The GSCCCA was created in 1993 by an act of the Georgia General Assembly. Its focus is on acquiring, developing and distributing record management systems, information, services, supplies and materials that benefit both Superior Court Clerks and the citizens of Georgia.
How can it help you?
FANS allows you to monitor any filings related to your property within the state of Georgia.
It’s a free, voluntary program that provides electronic notifications about filing activity.
By opting in, you’ll receive alerts whenever something is filed in your name or property address.
Why FANS Matters: Combatting Scams
Beware of companies that charge fees to monitor your property—they maybe a scam.
FANS empowers citizens to monitor their assets independently, without any cost.
It’s one way to stay ahead. If something did happen, you will know before it is too late!
User-Friendly and Flexible
FANS accommodates various ways people sign their names or are referred to.
You can input multiple names to cover all possibilities.
It’s designed to ensure ease of use. When we tested it with our own information, it took approximately 10 minutes (which included reading through their policy information).
It’s the question we get all the time — “When is the best time of year to sell our house?”
According to a recent report from Realtor.com, sellers eyeing a 2024 sale won’t want to miss out on the upcoming sweet spot in the market — this spring is it. Why?
Less Competition Expect 40% less inventory compared to pre-pandemic levels, giving sellers a competitive edge.
More Interested Buyers With 22.8% more buyer views per listing, sellers can anticipate heightened interest in their properties.
Quick Sales Homes are projected to sell 17% faster during this week, thanks to favorable market conditions.
Higher Prices Listing prices are $34,000 higher than at the start of 2024, providing sellers with potentially higher returns.
Fewer Price Reductions With 24.6% fewer homes featuring price reductions, sellers can maintain their asking prices more effectively.
For sellers looking to capitalize on this opportune moment, preparation is key. Start by considering these essential steps:
Curb Appeal – spruce up the property’s exterior
Professional Guidance – begin discussions with your real estate agent
Price Strategy – your realtor will help you right price your home to sell
It’s true that many people don’t want to sell because they are worried about higher mortgage rates but this is a great opportunity for seniors who are often looking at downsizing and have flexibility in where they live. They’re not tied to a local school or being close to the office. And many of our clients, are very open to renting.
If you or a retired family member is considering selling, contact us to learn how real estate transactions involving seniors are unique and there are different factors to take into consideration. Schedule a consultation with us today.
Older adults looking to downsize and relocate to be closer to their adult children are finding places like Silver Summit Condominiums in Conyers, GA very appealing. Having worked within this active adult community since 2017 as the Seniors Real Estate Specialist for retirees, I have a good take on why it’s an excellent housing option.
Purpose-Designed Homes Silver Summit homes are thoughtfully designed for aging in place. Everything on one level, spacious and open for varying types of mobility, minimum of 2 bedrooms and 2 baths, lots of storage space and a two-car garage for the convenience of getting out of your car and entering your kitchen which most retirees love. The added bonus for most of the units in Silver Summit is the beautiful bright sunroom. Most units have modern features while some could use an upgrade from when most of them were built in 2006/7. There are 8 units that were built in 2018 that feature more update finishings, such as smart-tech for the HVAC controls, alarm system, and appliances. The accessible level counters, roll-in shower and stepless entrances are some of obvious universal design features.
Well maintained Amenities Silver Summit offers a range of amenities that cater to an active lifestyle. A welcoming clubhouse space for homeowner meetings, socializing and community events. The pool is perfect for relaxation and staying fit or enjoying with the grandkids on their rare visits. There is also an exercise room kitted out with ellipticals, treadmill, weights and mats, ideal for maintaining physical health without having to leave the community. The community is designed around one street in and out, which has become the ideal walking track for some residents.
Low Maintenance Living No more weekend chores unless you are tending to your patio plants! The exterior maintenance of homes in Silver Summit is handled by the HOA. No more mowing, painting, or roof repairs. Designed with older adults in mind, these single-story homes prioritize convenience and comfort, all you have to be concerned with is the interior of the home. The HOA fee will cover all exterior features and amenities as well as water, sewer, trash, termite and fire sprinkler maintenance.
Lower Property Taxes Property taxes in active adult communities tend to be significantly lower than those in traditional neighborhoods but also due to the homestead exemption that is given to residents who qualify with age and other status that each county offers.
Convenient Location The convenience of being able to walk to Shopping & Dining within 5-10 minutes attracts many who live at Silver Summit. A short drive allows for visits to the new Salem Gate shopping complex, or Ga 20 toward Publix and Target or just across the street for Kroger. Everything including clinics, hospital, gas stations and hotels are within easy reach.
Safety and Security Active adult communities prioritize safety. Residents can feel secure in a well-maintained environment that has a camera monitor for the entrance of the community and sometimes sees our local police showing their presence. The sense of community fosters watchfulness and support among neighbors.
Vibrant Social Life Silver Summit residents come together to encouraged socialization through organized trips, classes, and special interest groups. Regular newsletter updates invite all residents to engage and make friends with fellow residents who share similar life stages and interests.
Health and Well-Being While there is not specific health care service affiliated to the community, the community’s amenities promote physical activity and engagement, and residents share information with each other about services that can benefit their well-being needs.
Silver Summit Condominiums offer a blend of comfort, community, and convenience. Whether you’re a retiree seeking an active lifestyle or an adult child researching options for your parents, Silver Summit is a place to call home.
Don’t Wait Until Retirement!
If retirement is on the horizon, consider the benefits of active adult living now. I can’t tell you how many people wished they had made the move earlier. The stories from our clients are endless when it comes to how their lifestyle was enhanced by moving to an active adult community.
For more information, visit the official website or contact Hilary Walker at 678.609.8019 or email hilary@atlantaseniorsrealestate.com. You can also use the button below to search for homes. Select Master on Main to narrow the search for active adult and senior living properties. You can contact us to discussion options and receive a unique link for your active adult home search in any area.
With years under my belt as a real estate agent, one thing that I know for certain is that moving is exhausting. Clients often feel overwhelmed just thinking about it.
One of the best tools to help manage those feelings is a checklist. It helps you stay focused and organized.
Smooth Mooove Senior Relocation Services shared a list with me recently that I’ll paste below. If you need assistance with moving, they’re a great resource and they offer a free estimate.
The Moooving Checklist
☐ First assignment: Decide what to keep, sell, or giveaway.
☐ Sort through your belongings: Give heirlooms to children and relatives who have room for them. Create donation bins.
☐ Decide whether to move yourself or hire professionals. Make reservations with a moving company or truck rental company.
☐ If hiring a mover, call three companies for estimates, ensuring they are licensed, bonded, insured, and DOT registered. Inquire about their employment status (W-2 employees, 1099 contractors, or day labor).
☐ Make travel arrangements if moving a long distance: Airline, hotel, and rental car agency.
☐ Save all moving receipts for potential tax deductions. Check the current tax code for requirements.
☐ Place legal, medical, financial, and insurance records in a safe and accessible place. Scan documents so you always have a backup.
☐ Purchase replacement coverage for valuables to be moved.
☐ Have antiques, art pieces, and other valuables appraised for insurance purposes.
☐ Begin decluttering: Start with the basement, attic, garage, and other non-used areas.
☐ Use up foods and cleaning supplies that cannot be moved.
☐ Change your address on USPS.com.
This checklist is just a start. Companies like Smooth Mooove also provide moving supplies and other resources o just ask about things you’ll need to ensure yours is a smooth one.
Studies show that 90 percent of adults over 65 prefer to age in place rather than relocate to a senior living community. The good news is that new technologies are making it easier to support independent living for seniors.
One effective approach to enhancing livability is by incorporating universal design. It’s creating spaces that are accessible and functional for people of all ages and abilities. By adding features such as grab bars, widened doorways, and non-slip flooring, homes can be made safer and more accommodating for aging residents.
Technology plays a crucial role in facilitating aging in place. There are four main categories of technology that can help seniors remain in their homes longer:
Communication and Engagement: Tools like video calling platforms and social media can help older adults stay connected with friends and family, reducing feelings of isolation and loneliness.
Health and Wellness: From wearable fitness trackers to remote monitoring devices, technology can support seniors in managing their health and maintaining independence. Medication reminders and telehealth services are also valuable resources.
Learning and Contribution: Online learning platforms and digital volunteering opportunities empower older adults to continue learning and making meaningful contributions to their communities.
Safety and Security: Smart home devices, such as motion-sensor lights and smart locks, enhance home security and provide peace of mind for seniors and caregivers. And devices can contact emergency services when needed.
For caregivers supporting older adults, technology can streamline caregiving tasks and improve efficiency. From mobile apps for medication management to online resources for caregiver support, there are a variety of tools available to assist caregivers.
Explore technology that can help with a senior aging at home and, importantly, remain open to the signs that you or a loved one may need to relocate for health and safety reasons. There could be a need for additional care and attention or a living space that is more manageable and designed specifically for aging residents.
Spring arrives on Tuesday, March 19th so many are beginning their spring cleaning. It’s not just about tidying up; it’s a chance to declutter, organize, and revitalize your home for the season ahead.
To help you make the most of spring-cleaning, here are the top ten things you should do to get started.
1. Declutter: Go through each room and get rid of items you no longer need or use. Donate, recycle, or discard anything that is broken, outdated, or no longer serves a purpose. Decluttering creates a sense of space and makes it easier to clean and organize.
2. Deep Clean Floors and Carpets: Vacuum, mop or steam clean your flooring. Pay special attention to high-traffic areas and use appropriate cleaners for different floor types. For carpets, consider renting a carpet cleaner or hiring professionals for a deep clean to remove dirt, stains, and allergens.
3. Freshen Up Fabrics: Wash or dry clean curtains, drapes, and upholstery to remove dust, pet dander, and odors that have accumulated over the winter months. Flip or rotate mattresses and wash bedding, including pillows and duvets, for a clean and comfortable sleep environment.
4. Scrub and Sanitize Surfaces: Disinfect commonly touched surfaces like countertops, tables, doorknobs, and light switches to eliminate germs and prevent the spread of illness. Use a mild cleaner or a mixture of water and vinegar for an eco-friendly and effective cleaning solution.
5. Organize Closets and Cabinets: Declutter and organize closets and cabinets. Sort through clothing, shoes, and accessories, donating or storing items that are out of season or no longer fit.
6. Clean Out and Organize Storage Spaces: Clear out clutter from storage areas like the attic, basement, garage, or shed. Dispose of anything broken or unused and organize items into labeled containers for easy access. Consider installing shelving or hooks to make the most of vertical space and keep things off the floor.
7. Freshen Up Appliances: Clean the inside and outside of your refrigerator, oven, dishwasher, and microwave, removing any food residue or grime. Check and replace filters, seals, and hoses as needed to keep appliances running efficiently.
8. Tidy Up Outdoor Spaces: Sweep away debris from patios, decks, and walkways, and clean outdoor furniture and cushions. Trim bushes, prune trees, and rake leaves to spruce up your yard and create a welcoming outdoor environment.
9. Check Safety Devices: Take the time to test and replace batteries in smoke detectors, carbon monoxide detectors, and fire extinguishers to ensure they are functioning properly. Inspect electrical outlets, cords, and appliances for any signs of damage or wear and address any safety hazards promptly.
10. Add Fresh Touches: Finally, add some finishing touches to brighten up your space and bring the feeling of spring indoors. Place fresh flowers in vases, switch out heavy curtains for lightweight fabrics, and incorporate pops of color with throw pillows or decorative accents. Open windows to let in fresh air and natural light, and enjoy the rejuvenated atmosphere of your home.
Spring cleaning is more than just a chore; it’s an opportunity to reset and refresh your living space for the season ahead. And for many of our Atlanta Senior Real Estate clients, spring cleaning is a step toward making it easier to eventually downsize and relocate.
If you want to speak with us about future relocation plans for you or a senior loved one, contact us today.
Georgia counties are warning property owners of real estate fraud. People are using forged documents and signatures to transfer the title of a home or other property without the owner’s approval. Worst of all, many property owners may have no idea their property has been stolen.
Gwinnett County warns of an incident where a resident had issues paying property taxes because the property had, without her knowledge, been transferred to another person. (Read more about the case here)
The fraudsters are using quitclaim deeds which were designed to be a way to transfer ownership between trusted individuals such as family members.
So, how do you check your own property? I recommend you first conduct a title search. You can also enroll in the Georgia Superior Court Clerks Filing Activity Information System. That will notify you if there is activity on your property such as a change to the deed, mortgage, or a lien is filed on the property.
A Georgia state legislator has filed a bill (House Bill 888 – the Georgia Not On My Deed Act) which would authorize Superior Court Clerks to require ID for anyone recording property deeds.
10 Things to do before you put the “for sale” sign in your yard.
One of the first questions I get from clients is how to prepare their home to go on the market? It’s a topic that can overwhelm a homeowner who is making a real life change.
Here are ten quick tips I give clients to give them the best chance of getting top dollar for their home.
Declutter and Depersonalize: Declutter and depersonalize the house. Remove personal items (yes, all the family photos), excessive furniture, and unnecessary belongings. A clean and clutter-free space helps the buyer see themselves in the home.
Deep Clean: A clean home is a marketable home. It shows the homeowner cares about home maintenance. Clean vents, fans, baseboards, windows and carpets. If you can’t do it yourself, it’s worth bringing someone in for a cleaning before we start showing the home to buyers.
Make Necessary Repairs: Address issues that might deter potential buyers such as leaky faucets, squeaky doors, and holes in the wall.
Refresh Paint and Finishes: A fresh coat of paint can work wonders in revitalizing your home’s appearance. Stick to neutral colors to appeal to a broader range of buyers and touch up areas that may have chipped paint.
Enhance Curb Appeal: First impressions matter. Spruce up your home’s exterior by landscaping, mowing the lawn, and adding potted plants or flowers. Ensure that the front door and exterior are in top-notch condition to create a welcoming entryway.
Stage Your Home: Arrange furniture to showcase the flow of each space and create a warm, inviting atmosphere. I often recommend a stager if that is what is needed to sell your home more quickly and at a higher price.
Set the Right Price: I’ll research comparable home sales in the area to determine a competitive and realistic asking price. Overpricing your home can discourage potential buyers, while underpricing might leave money on the table.
Create an Online Presence: I will also ensure my client’s home is advertised online and that there are photos to draw in prospective buyers.
Gather Necessary Documents: Streamline the closing process by gathering important documents in advance. This includes property records, warranty information, and any relevant paperwork on recent improvements or repairs.
Be Flexible and Open to Feedback: It’s also important that sellers be flexible with showings and listen to buyer feedback. Being adaptable can speed up the sale process.
I remind sellers it’s important to detach from the home they’re selling and focus on what’s next for them. It’s tough especially for families who have lived in a home for decades, but it helps the process go more smoothly.
Have questions about selling your home and looking for your next one? Reach out to us at Atlanta Seniors Real Estate – we’re here to help.
When seniors and their families come to me, it’s often because they’re ready to sell a home and downsize. They want easier living and prefer to spend less and money time maintaining their home. For some, that means looking at senior apartments.
The benefits? There are many. Here’s our Top 7.
Frees up time. You don’t have to deal with homeowner responsibilities like repairs and maintaining the yard. You will have more time to spend on hobbies or with family and friends.
Amenities. Many senior apartment communities these days come with a pool, hot tub, clubhouse, a gym, game room, and some even have on-site theaters or bowling alleys.
Designed for seniors. Senior apartment designers usually have included features for seniors like grab bars in the bathroom, non-slip flooring, easy to reach cabinets, and other accessibility features.
Social life. Senior apartment residents say that they appreciate living near others at the same phase of life. They enjoy social activities and gatherings together in the community.
Transportation. You may find that the community provides transportation services to shopping centers, medical appointments and often day trips and excursions for residents.
Security. Increasingly senior apartments have security in place to provide residents with peace of mind. The community may be gated or the buildings may have security. Most have cameras and lighting to provide a more secure environment.
Progressive living. In our area, many senior apartments are located in communities that also offer other services as needed such as assisted living.
When my clients are considering selling their home and we want to get top dollar, I really encourage them to take a look from a purchaser perspective. Being aware of what things turn off a buyer is essential.
Opendoor did some research and found the top turnoffs for buyers. If you’re thinking about making any improvements this year and know you’ll be selling at some point in the future, this can be quite helpful.
54%: Outdated bathrooms Think outdated tile, cabinets and countertops. Consider new light fixtures and fresh paint to make the bathroom look bright and clean.
49%: Old carpet Old carpet can be overwhelming and distract from other features in the home. If you can’t afford to replace it, ensure it is clean and stains are treated.
41%: Outdated kitchen features (countertops, cabinets etc.) It’s generally the most used room in the house so it needs to function well. Cabinets can be painted but explore replacing outdated countertops and backsplash.
32%: Textured ceilings It can be costly to have them scraped and painted but some homeowners can do it themselves. Either way, that clean, flat ceiling can make a big impact on a room.
30%: Outdated appliances Old appliances need to go but if you can’t replace them, ensure they’re clean and working. Some sellers are able to turn a quirky, vintage appliance into a selling feature perhaps in a midcentury modern home but it’s rare.
Also, pay attention to curb appeal. The appearance of your home’s exterior sets the tone for what the buyer will find inside. They’ll start calculating at the curb what they’ll need to spend to make the home livable for them.
If you own a home in Georgia, you may be eligible for a valuable property tax relief program known as the Homestead Exemption.
The Homestead Exemption is a program offered by the state of Georgia to homeowners who use their property as their primary residence. It provides relief from property taxes by exempting a certain amount of a home’s assessed value from taxation, ultimately lowering the homeowner’s property tax bill.
Primary Residence Requirement: To qualify for the Homestead Exemption, your property must be your primary residence. This means you live in the home for a significant portion of the year, and it is not used as a rental property or vacation home.
Assessed Value Exemption: The exemption applies to a specified amount of the property’s assessed value, reducing the taxable value of your home. This exemption can result in significant savings on your annual property tax bill.
Application Process: Homeowners need to apply for the Homestead Exemption through the Tax Assessor’s Office. The application typically requires proof of residency and other documentation. It’s essential to submit the application within the specified timeframe to ensure eligibility for the tax year.
Financial Benefits: The financial benefits of the Homestead Exemption can vary based on factors such as property value and local tax rates. However, eligible homeowners can enjoy substantial savings on their property taxes.
Additional Exemptions: In addition to the standard Homestead Exemption, your county may offer additional exemptions for seniors, veterans, and disabled individuals. These exemptions provide extra relief for specific qualifying groups.
If you purchased or owned the home last year and it was occupied on January 1st, the deadline to apply for the Homestead Exemption is April 1st.
As for the property tax payment process, homeowners will generally receive their valuations, have an opportunity to appeal, then have 60 days from the date of billing to pay the bill.
It’s crucial to stay informed about the eligibility criteria, application process, and any additional exemptions that may apply to your situation. If you have specific questions or need assistance, reaching out to your local Tax Commissioner’s Office.
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