Active Adult communities are not for everyone. For some, the idea of living in a town where you can walk to shops, restaurants, the public library and more might be more appealing. In towns like Milton, there are some great opportunities in this market and there is something for everyone. You have town water and town sewer, with an existing infrastructure in place or at least planned for. The variety of housing options include properties in new home communities or the Historic District, homes that have already been renovated or those that need attention, houses that are just right for downsizing, upsizing or rightsizing.
Some of you tell me that you have already done your share of fixer-uppers while others never had the time until they retired. Since Bill is also a General Contractor for new construction as well as major additions and remodeling projects, you know that we have done our share of projects for ourselves as well. When we bought a home in Milton, I would not even go inside! It was very rundown and the floor was covered by a blanket of mostly dead bees. We, or should I say Bill, completely renovated and expanded it with a large addition and we were asked to be on the Milton Christmas House Tour in 2008.
There are still good opportunities in many communities throughout Coastal Delaware, but some of the very best are in towns like Milton that are now priced to make it worth the investment. It may become the home in which you live for many years or it could be a project that will generate a profit when you sell it in the next Sellers Market.
As you approach retirement, will you be selling investment properties that you own near your current home and reinvesting those proceeds into similar property? Are you interested in historic renovation hoping to find a diamond in the rough? This is the time to find the best values of our Boomer lifetime.