Boomers, Markets & Money

A Down-to-Earth Discussion of Financial and Lifestyle Information for Baby Boomers

LIFESTYLE CONSIDERATIONS WHEN BUYING A SECOND HOME

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Many Baby Boomers are using the real estate downturn as an opportunity to buy a second home.

Kayaking the East End of Sanibel

Kayaking the East End of Sanibel (Click to Enlarge)

Quality of life features should be considered before making such an important decision.

We have all daydreamed about living in an exotic location that we’ve seen in a movie or a National Geographic special. But if you want to enjoy your vacation home as long as possible, you need to consider practical details as well as dramatic scenery.

What to Look For in a Vacation Community

An Environment that Encourages Physical Activity

Research has shown that regular exercise is key to a vigorous old age and good mental and cognitive health. Exercise that has a social aspect to it encourages people to get out. Many boomers are enjoying kayaking and biking clubs, as well as recreation centers. A mild climate helps.

Kayaking Sanibel Canals

Kayaking Sanibel Canals (Click to Enlarge)

Opportunities for Intellectual Growth

The average lifespan is increasing, creating opportunities to learn new things. It also helps us stay adaptable in a world that is changing rapidly.

Purpose in Life

Research has shown that people live longer and have less depression if they pursue an activity that is meaningful to them.

Patrica Boyle, PhD, a neuropsychologist with the Rush University Medical Center found that people with a higher purpose in life had lower mortality rates among older adults. Research has even shown that volunteering has a positive impact on health.

A Curious Site While Kayaking on a Sanibel Canal (Click to Enlarge)

Opportunities for Social Interaction

People often find that they have to make more of a conscious effort to see people after they retire. Check out the availability of clubs and activities. Of course, if you want the grandchildren to visit, make sure there are fun activities for them, too.

Easily Accessible, Good Quality Healthcare

Let’s face it. We are going to need to visit the doctor more often and you never know when an emergency will happen.

Reasonable Travel Times and Cost

Keeping travel costs and distances as low as possible ensures that you will use your new home more.

Some Baby Boomers are choosing traditional warm weather vacation spots. Others are choosing to purchase second homes in college towns. College communities provide recreational and educational opportunities. Small college towns may also have an intergenerational atmosphere that many find appealing .

Keep an eye out for a future post on financial details to consider when buying a second home.

Sources

“Under the Microscope: Purpose in Life May Protect Against Alzheimer’s Disease” Rush University Medical Center

“During the holidays and beyond, helping others will also help you stay healthy” Rush University Medical Center

Author: financeboomer

Boomers, Markets & Money is a down-to-earth discussion of financial and lifestyle information

2 thoughts on “LIFESTYLE CONSIDERATIONS WHEN BUYING A SECOND HOME

  1. Pingback: How to Keep a Second Home Fun by Realistically Planning Future Expenses (Second in a Series) | Boomers, Markets & Money

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