Looking to re-locate when you retire? How the pandemic has expedited that for many retirees.

Have you been thinking of relocating when you retire?  Many have a bucket list or dream of owning a homestead or ranch. Or possibly something off the beaten path once you no longer have to participate in the workforce. If this is you, you are like millions of Americans. Americans work their entire life to be able to set themselves up for retirement come age 65.

Thanks to the coronavirus pandemic, this time frame may be shortened for many looking forward to their retirement dreams! Several companies have added the option for employees to work from home for the rest of their career. This includes Twitter, which has said its employees can keep working from home “forever.”

What does this mean for those wishing to retire?

“The pandemic was unexpected, working from home was unexpected, but nonetheless many companies realized that workers can be just as productive working from home,” said Lawrence Yun, chief economist for the National Association of Realtors. What does this mean? Well, this means we may begin to see a boost in people buying retirement homes before their retirement.

This also includes RV’ers. An estimated 1 million Americans have chosen to retire in an RV, spending at least part of the year on the road. It’s not just Baby Boomers that are gravitating to this way of life. Many millennial’s are also embracing the minimalist idea of living life on the road. For a small investment (the cost of your recreational vehicle), you could be living mortgage free anywhere in the US.

Quemado Lake, NM

When choosing on where to live, retirees have cited three areas to be of the most importance: proximity to family, cost and health care. Another huge factor retirees look at is the weather. There has been a general migration to warmer climates like Arizona, Nevada and New Mexico for their more temped weather conditions.

People are taking advantage of the freedom to base their decision of where to live not solely on proximity to work. This opens the door to numerous possibilities. Do you buy a small plot of land? With land prices at an all time low, folks are able to leave the big cities and secure themselves a nice slice of rural heaven! Couple that with the low cost to build modular or post up in an RV and the options are endless. Visit www.swproperties.com to see how to become a landowner and plan for your future retirement!