If you’re an older adult searching for inexpensive housing, you may be wondering about how you can find a good place to live in retirement without breaking the bank.
The good news is there are steps you can take to make the process smoother, according to U.S. News & World Report.
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How to locate and pay for affordable housing
Find inexpensive housing by searching online.
"The best place to begin is reviewing government resources such as HUD.gov," Wid Covey, director of business development and founder of SeniorLeaf in the Salt Lake City area told U.S. News.
AARP's Future of Housing Initiative, websites such as SeniorHousingNet.com and the Atlanta Housing Authority are also good resources.
“Your local housing authority will be able to provide you with the local maximum rent cost for tax credit affordable properties in your county,” Mike Wiacek, vice president of asset and property management at Wendover Housing Partners in Altamonte Springs, Florida told the news site.
What to search for online
After55.com reported you can visit ForRent.com to locate affordable housing in your area. You can also search the phrase "cheap apartments" and focus on housing for older adults.
The website also has a list of housing for older adults in Atlanta totaling nearly 300.
What are must-haves for your home?
It’s important to know what you will and won’t negotiate when it comes to amenities but you should also keep in mind what you need around you. Do you want to be able to walk to the grocery store? Is it important for you to have public transportation access? What about being close to your family? These are things to consider when searching for your home.
Location matters
Affordable housing options can fill up quickly in smaller cities, Covey told U.S. News. Bigger areas offer more openings.
“Many urban cities such as Atlanta, Austin, Denver, New York City, Pittsburgh and Tampa in particular have dedicated living for seniors with a low income,” Roost co-founder Chanin Ballance said.
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