With Portugal Senior Living, we allow you to do any of the above. Better still, we allow you to adapt depending on your reaction to the country, we give you the flexibility to change your mind before making a final decision and to start with a rental and progress to a purchase later if you are unsure.
“Most people who inherit houses sell them anyway. They don’t match their life options nor their plans at the time. Many are so far away from the property that they sell them at low values, destroying years of effort from the person who paid for it. Worse, often those who saved to leave assets for their heirs sacrificed the quality of their own retirement to do so.”
This doesn’t mean that purchasing a property is not a good solution: it often is. But to make it a great solution, it must take into account the fact that your requirements as seniors change over time.
Even if you feel you should be leaving something to your heirs, a reason often cited by seniors who buy real estate, bear in mind that your departure may leave them with unexpected work and administration. In most instances the costs associated with disposing of the asset or with maintaining it, will erode the capital you have invested. So before you take a decision for your heirs, think of yourself and your requirements first.
Statistics show that with increased life expectancy there is a 50% probability, in a 65- year old couple, one will survive until the age of 90. Your needs at 65 are likely to be very different to those at 90.
In our opinion, opting for a flexible solution is key. If you have asked yourself any of the following questions, then you should talk to us.