North Bethany, DE Real Estate Factor that Brightens this Picture
The title alone was slightly chilling. North Bethany, DE readers didn’t have to be anywhere near senior discount age to furrow their brows if they happened to come across last week’s white paper, “Retirement Insecurity 2019.”
Worse yet, there wasn’t much in the National Institute on Retirement Security’s 28-page manifesto to brighten their mood. Fortunately for North Bethany, DE homeowners who are anywhere near retirement age, the picture that emerged left out at least one major contraindicating factor that North Bethany, DE Realtors® like me will be quick to point it out.
Washington, DC-based NIRS was forwarding the basic thesis—which is demonstrably valid—that the nation’s retirement infrastructure has undergone a decades-long process of systematic degradation. The traditional pension system has been replaced by individual accounts like 401(k) plans—or by nothing at all. Other factors magnify the problem—like changes in the Social Security retirement age and other adjustments.
North Bethany, DE homeowners probably share the sentiments revealed in this year’s NIRS poll which showed that Americans are worried about financial security in their older years—and convinced that leaders in Washington don’t understand how hard it is to prepare for retirement. Specific numbers are shocking; like, “When all working individuals are considered, the typical American has zero dollars saved for retirement” and “Among workers who have managed to accumulate savings in a retirement account, that typical account balance is only about $40,000.”
Although it’s unarguable that retirement issues deserve more emphasis than they have been paid of late, there is one significant factor that seems to have been overlooked in this bleak summation. Since you’re reading it here, you’ve probably guessed that it has to do with North Bethany, DE real estate. North Bethany, DE homeowners who have been building equity in their North Bethany, DE properties might indeed have “zero dollars saved for retirement”—but only if you demand they sell their home before they have countable “dollars saved.”
Homeowners who have had the foresight to buy their North Bethany, DE home—particularly those who by retirement age have “retired” their mortgage—don’t need to sell the place to have succeeded in making a serious bite out of their own retirement insecurity. Free rent, for one!
- Written by Jimmie Bachand
New Homeowners Can Explore Household Landscaping Ideas
When your new North Bethany, DE house is literally brand new, you are presented with the kind of ‘empty canvas’ landscaping scenario that true gardening enthusiasts dream about. (If you fall into that group, your head is probably already filled with possibilities—so never mind). On the other hand, if your new North Bethany, DE residence is an existing home dotted with mature plantings, unless it’s already a neighborhood marvel that Home and Garden should feature on the next cover, green thumb enthusiasts will have continuing enjoyment adding and replacing shrubs and trees to realize a design they develop over time.
The situation is more challenging when you are a novice. For sure, a good start will be to consult one or more North Bethany, DE landscaping pros for their ideas and estimates. You’ll also find the personnel at our local nurseries are a godsend. Especially if you ultimately wind up deciding to take on major parts of the project yourself, they’ll be a valuable source of knowledge and advice about what works in North Bethany, DE (and what doesn’t).
But—before anything else—for starters, every new homeowner is presented with a singular opportunity to entertain outside-the-box ideas about what “landscaping” might include. When most people think “backyard,” they picture a patio, trees, perhaps a swimming pool…but not necessarily other features. But when a new owner enters the scene, the first order of business is deciding on extra features that could make the most of the acreage. In addition to being pretty as a picture, even small areas might function as activity centers that draw everybody outdoors. Just a few of the possibilities—
· A flower cutting garden
· A shady hammock-ready nook
· An orchard
· A fish pond
· A barbecue area or fire-pit
· A deck or patio
· A fountain
· A trellis arch
· A bocce court or putting green
· A vegetable or herb garden
· A specimen tree or two
· A playset area (with or without sandbox)
· A treehouse
- Written by Jimmie Bachand
Is Boomer Downsizing a North Bethany, DE Real Estate Problem?
For as long as I can remember, it’s been an unchallenged prediction for real estate—in North Bethany, DE and throughout the nation. Sooner or later, the great postwar population bulge known as the “Baby Boomers” will decide en masse to downsize their residences—and when they do, it will have predictable repercussions throughout the housing markets. Smaller North Bethany, DE homes should soar in popularity, while larger properties languish—well, at least take a bit longer to sell.
So last week’s Wall Street Journal article scarcely raised an eyebrow. “A Growing Problem in Real Estate: Too Many Too Big Houses” dealt with recent Sunbelt market conditions without suggesting the trends don’t also apply nationally. For sure, North Bethany, DE homeowners whose properties fit the article’s focus—“large, high-end homes”—could easily assume the author’s cautionary pronouncements could apply to them. The “deep price cuts” Sunbelt sellers increasingly had to offer were, after all, what has long been predicted. The diagnosis was as expected. “Large, high-maintenance houses no longer fit [boomers’] needs”—and “younger people aren’t buying them.”
As a generalization, it’s hard to argue with the long-standing reasoning. But another truism in real estate is that individual properties are by definition unique—something that’s even more true of those “large, high-end” homes. There is also some contravening evidence. North Bethany, DE homeowners will also find reassuring an earlier feature, “Why Many Retirees Are Upsizing Into Larger Homes.”
A Merrill Lynch-Age Wave research team found that 49% of retirees did not downsize in their last move. “In fact, three in ten upsized into a larger home.” The most prevalent reason is one that could resonate with many North Bethany, DE retirees: wanting their house to feel like a second home for their children and grandchildren (“especially grandchildren”).
Whether your own leaning is toward upsizing, downsizing, or same-sizing, it’s an individual decision with such far-reaching consequences it’s unlikely to be decided by following to the latest trend. I’m standing by to help you achieve the result you set your sights on.
- Written by Jimmie Bachand
Bethany Beach’s 1st Day of Spring can Trigger Beneficial Activity
Wednesday is the First Day of Spring—which provides an excellent impetus to dig in and do something that only seems like a tedious chore. In actuality, it can be a sure way to treat yourself and the whole family.
That “something” is decluttering your house!
Why is this a “treat” rather than a tedious way to spend a morning? For one thing, it’s the relief you’ll feel only a short time after you get started. The stuff you get rid of has been lurking in more than the drawers, closet floors, and cupboards. The space it occupies isn’t just in your house—it also has a foothold in a corner of your mind, taking up valuable consciousness space.
If you don’t believe it, just grab a cardboard carton and go through the kitchen drawer (the one where all the pencil stubs, old rubber bands, and twist-ties are mixed in with the expired coupons)—and ruthlessly scrap the stuff you’ll never ever use again. Once you seal up the carton and put it out where the trash goes, check your demeanor. Chances are it will feel as if a weight has been lifted, as surely as if you’d just mailed a parking ticket payment before the deadline.
It seems to be a universal human condition, putting off decluttering. It doesn’t make sense since getting rid of useless stuff always feels good, but there it is.
One practical tip for how to get started is described by the ICD (Institute for Challenging Disorganization)—a very serious group of productivity specialists and professional organizers. They recommend writing down your own list describing degrees of usefulness. An example of such a “clutter scale” might be:
1 Items I’ll never use
2 Items I almost never use
3 Items I haven’t used in the past 6 months
4 Items I don’t often use, but which are difficult to replace
5 Items I use every week (or simply love)
With your rating system at hand, you’ll find it much easier to toss 1- and 2-ranked items, and (especially on Wednesday, the first day of Spring) you might even be energized enough to trash most of the 3s!
- Written by Jimmie Bachand