Stay or go? The aging homeowner’s dilemma
Fannie Mae Releases February 2015 National Housing Survey
Feb. new-home sales soar to 7-year high
By Dennis E. Noonan GLOBE CORRESPONDENT
We had a big decision to make. The shrubs in front had become overgrown and ratty-looking. Several trees were now too close to the house. We worried that they might fall on the roof in the next hurricane. Because of the shade, the backyard garden was getting less than three hours of sun on a good day. The arborist’s pricey estimate to fix these issues gave us reason to question whether we would be staying in this house long enough to justify the expense. This is a common dilemma for seniors who live in older homes.
Like many seniors, my wife, Judy, and I are constantly reviewing our options for the future: Should we stay here or sell the property and go to a smaller, newer place?
