Relocating to be near the kids?

Maybe it is my age, but it is certainly a trend I have seen this past year with clients.  They are deciding to leave Orange County and following their family to new locations.  With over 700,000 people leaving California this is more than a trend, I fear.

Have your kids or family moved out of state?  Are you considering following them so you can be close to the grandkids or perhaps you just feel it would be more affordable?

Relocating to be near your grandkids is a significant decision, and there are several important factors to consider to ensure a smooth transition and a fulfilling experience for both you and your family. Here are some key considerations:

Proximity to Grandkids: Determine how close you want to be to your grandkids. Consider whether you want to live in the same city, within driving distance, or even in the same neighborhood.

  • Family Dynamics: Have open and honest discussions with your adult children and grandchildren about your relocation plans. Make sure everyone is on the same page and understands the expectations and boundaries.
  • Housing: Decide whether you want to live with your family, nearby in your own home, or in a retirement community. Assess the local real estate market and available housing options in the area you're considering.
  • Cost of Living: Research the cost of living in the area where your grandkids live. Consider housing costs, property taxes, healthcare expenses, and other essential living expenses.
  • Healthcare: Ensure there are quality healthcare facilities and providers in the area, especially if you have any existing medical conditions or anticipate needing healthcare services in the future.
  • Community Amenities: Look into the amenities and services available in the community, such as parks, recreational activities, libraries, and senior centers. These can contribute to a higher quality of life.
  • Transportation: Consider your transportation options, both for getting to your grandkids' homes and for your daily needs. Is public transportation accessible, or do you need a car?
  • Social Connections: Assess your potential for building new social connections in the area. Joining clubs, volunteering, or participating in local activities can help you establish a support network.
  • Climate and Environment: Think about your preferences for climate and environment. Do you want to live in a similar climate to where you currently reside, or are you open to a change in weather?
  • Legal and Financial Implications: Consult with legal and financial advisors to understand the tax implications, estate planning considerations, and any legal requirements associated with relocating to a new area, especially if it involves buying or selling property.
  • Visit First: Before making a final decision, spend time in the area where your grandkids live to get a feel for the community and lifestyle. This can help you make an informed decision.
  • Future Needs: Consider your long-term needs and how your living situation might evolve as you age. Will the chosen location still be suitable for you in the coming years?
  • Emotional Impact: Relocating can be emotionally challenging, especially if you are leaving behind familiar surroundings. Be prepared for feelings of nostalgia and homesickness and have a support system in place.

Ultimately, the decision to relocate should align with your personal goals, preferences, and needs. Take your time to thoroughly research and plan the move to ensure it is a positive and enriching experience for both you and your family.

We can provide you a complete home assessment to help you determine if it is best to sell your current home or perhaps you may want it to become an investment property.  If you have to consider Capital Gains, we can also review 1031 and/or Trust solutions that could be beneficial for you.  Finally, as part of our KW network, we can help you match up with a Realtor in your desired location, so you will have two people working together to ensure your move is successful.


Popular posts from this blog

Portola Hills Annual Food Drive - Hosted by Realtor Kelly Turbeville

Where are all the houses for Sale?

Is your Portola Hills home going to be your first Rental Property?