Planning to Retire in Colorado Springs? Your Home Equity Can Help You Make Your Next Move.

Planning to Retire in Colorado Springs? Your Home Equity Can Help You Make Your Next Move.

Reaching retirement is an incredible milestone, especially here in the vibrant community of Colorado Springs. With new adventures beckoning, you may find yourself wondering whether your current home aligns with the lifestyle you envision for your golden years.

We're here to assure you: You're likely better positioned to make this life-changing move than you may think. Here's why.

How Long Have You Been in Your Colorado Springs Home?

Back in the day—let's say from 1985 to 2009—the average length of time homeowners stayed put was around six years. However, things have shifted. According to the National Association of Realtors (NAR), that number has been steadily rising. Since 2010, the average home tenure has edged up to just over nine years.

What does this mean for you, the Colorado Springs homeowner? Chances are, you've enjoyed the comfort of your home for quite a while, experiencing life's highs and lows under its roof. But as life brings change, your housing needs may evolve too. If you're starting to feel that your home doesn't quite fit your new chapter, then you've got some exciting options ahead.

The Power of Your Home Equity

If you've called your place home for a few years or more, you've probably built up a good chunk of equity. And in the robust Colorado Springs real estate market, this equity can be the wind beneath your wings for your next move. Federal Housing Finance Agency (FHFA) data shows that homeowners who have stayed in their homes for five years have seen an average value increase of nearly 60%. And if you've been in your home for three decades? You could be sitting on a value almost triple what you initially paid.

Whether you're looking to downsize, fulfill lifelong dreams of living near the Rocky Mountains, or move closer to your grandchildren, that equity can be your magic carpet.

Our Role as Your Trusted Colorado Springs Realtors

As dedicated real estate agents serving the Colorado Springs area since 2001, we understand the importance of making well-informed decisions, especially as you approach retirement. We specialize in not only finding you the home that fits your current needs but also in maximizing the value you get when selling your existing home. Additionally, we have earned the designation of Senior Real Estate Specialist - giving us the knowledge and expertise to guide homebuyers and sellers over the age of 50 through major financial and lifestyle transitions.

So, as you mull over your retirement plans, why not reach out? Let's explore how your built-up equity can open doors to a home that's a perfect fit for this exciting new chapter of your life. 719-434-7525

Bottom Line

As you gear up for retirement in the scenic backdrop of Colorado Springs, let’s connect to delve into how much equity you've accumulated over the years. Our goal is to guide you through the process with the empathy and expertise you deserve, turning your retirement dreams into your everyday reality.

SRES® - Senior Real Estate Specialist

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