The vast majority of surveyed Americans say that homeownership is among their retirement goals, according to a recent survey. In fact, 85 percent of non-retiree respondents said they want to own their own home in retirement and believe they can pay off their mortgage before they retire. But, though non-retiree participants feel like they'll have their mortgage paid off in time, more than 25 percent of retired respondents said they're still paying off a mortgage and over half of those had a balance of more than $50,000. In short, Americans may be a bit too optimistic. But regardless of whether or not they make it, the debate about homeownership and retirement will continue. On the one hand, tax breaks and equity make a good case for the wealth-building benefits of owning a home. But, on the other hand, property tax, maintenance and potential renovation costs can add unpredictability to a household budget that may largely be fixed. In the end, which situation is the right one for you will ultimately depend on your personal finances, assets, and outlook – as there is no one-size fits all strategy for meeting your retirement goals. Americans will have to continue to save and strive to meet that goal, but in some areas like Eastern, NC, this goal may be a little bit easier to meet. This area has many new homes and has been able to keep a good inventory of homes in different sizes and prices so this has allowed many to be able to get into the housing market and by not have to spend as much on buying a house they are able to be much closer to paying off their home by retirement age. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media: https://www.facebook.com/fcrhavelock/?notif_t=page_admin.  More here.

Majority Say They Want To Own A Home In Retirement 

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