{"id":1103940,"date":"2019-03-07T16:41:17","date_gmt":"2019-03-07T16:41:17","guid":{"rendered":"https:\/\/dailyreckoning.com\/?p=106881"},"modified":"2019-03-07T16:41:17","modified_gmt":"2019-03-07T16:41:17","slug":"consider-this-before-you-buy-your-warm-weather-home","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1103940","title":{"rendered":"Consider This Before You Buy Your Warm-Weather Home"},"content":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/consider-this-before-you-buy-your-warm-weather-home\/\">Consider This Before You Buy Your Warm-Weather Home<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p class=\"p1\"><span class=\"s1\">Fed up with the hardships of snow and ice in the colder regions of the U.S.? Does spending a few months in Florida, Arizona, or other Sunbelt states every winter sound enticing? <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If so, the snowbird lifestyle could be just what you\u2019re looking for. But before you toss that snow shovel in the trash, there are challenges and additional expenses you should consider. <\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\"><b>The Upfront Cost\u2026<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The most obvious is the cost of buying a place to stay \u2014 a house, condo, mobile home. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Then you\u2019ll need to budget for furniture, appliances, dishes, and other household items.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And suppose the home you buy needs repairs or renovations to make it suitable for your liking? Better budget for that, too. <\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\"><b>Ongoing Home Expenses for <i>Two <\/i>Homes\u2026<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">When you lock up your northern home for a few months, fixed costs don\u2019t take a break. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You still have: <\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li5\"><span class=\"s2\">Insurance<\/span><\/li>\n<li class=\"li5\"><span class=\"s2\">HOA or condo association fees<\/span><\/li>\n<li class=\"li5\"><span class=\"s2\">Property taxes<\/span><\/li>\n<li class=\"li5\"><span class=\"s2\">Maintenance<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">Utility costs should drop. But unless you want to deal with the expense and hassle of disconnecting and reestablishing phone and cable TV, for example, expect to pay some charges each month. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Now figure in similar expenses for your winter home. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Plus you have the cost of traveling back and forth. And if you fly, you\u2019ll likely need to have a second car or rent one for your stay. Incremental day-to-day spending could rise if you plan to spend much time on the golf course or eating out. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Also while you are away from your northern home for a few months you should have someone you trust house sit or stop by regularly to make sure it\u2019s secure and there aren\u2019t any problems, like a roof leak or fallen tree.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Your municipality or HOA might require that you clear snow off your sidewalk or driveway. So you\u2019ll have to arrange for someone to do that as well. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Your snowbird home will need watching too when you are gone. Grass needs mowing, pools need cleaning, plants need watering, and weeds need pulling 12 months a year in many warm climates. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Prices for the basics can vary widely, depending on your winter location \u2026<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For instance, the cost of groceries in Hilo, Hawaii, is 45% higher than in Pensacola, Florida. Housing is 104% higher. And utilities \u2026 a whopping 128% higher. You can compare the cost of living for your <strong><a href=\"https:\/\/www.payscale.com\/cost-of-living-calculator\"><span class=\"s3\">dream spots here<\/span><\/a><\/strong>.<span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\"><b>What About Your Pets? <\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Often condos and HOAs limit the number and size of pets allowed or don\u2019t allow them at all. That means you\u2019ll have to get someone to watch them for you while you are gone for the winter. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And if you can have pets at your winter home, there\u2019s the cost of transporting them back and forth, which can be especially pricey if you fly. <\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\"><b>Medical Care<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">If you are over 65 and have Medicare, you\u2019ll have access to medical care anywhere in the U.S. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">However, if you have private health insurance or a Medicare Advantage Plan, find out which doctors and hospitals are in your plan\u2019s network at your snowbird locale. I suggest you do that <i>before <\/i>you actually need care. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As far as prescriptions go, getting your refills from a major retailer like CVS (CVS) or Walgreens (WBA) make it relatively easy since all the stores have access to your records. <\/span><\/p>\n<h2 class=\"p4\"><span class=\"s1\"><b>Alternatives To Buying a Second Home<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Renting a furnished house or condo is an option. <strong><a href=\"https:\/\/www.homeaway.com\/\"><span class=\"s3\">HomeAway<\/span><\/a><\/strong> and <strong><a href=\"https:\/\/www.airbnb.com\/\"><span class=\"s3\">Airbnb<\/span><\/a><\/strong> are two sources to check out. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You won\u2019t have to worry about repairs, upkeep, or furnishing. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Then you\u2019ll have the flexibility to try different locations several winters to get a good feel on an area before you commit your hard-earned dollars to buying a home. Things to investigate include:<\/span><\/p>\n<ul class=\"ul1\">\n<li class=\"li5\"><span class=\"s2\">What activities do residents like to do? <\/span><\/li>\n<li class=\"li5\"><span class=\"s2\">What social opportunities are available?<\/span><\/li>\n<li class=\"li5\"><span class=\"s2\">Is crime a big problem? <\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">And even if you like the area, you might find that you miss your family and friends too much to spend months away at that dream location.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Recreational vehicles (RVs) are becoming popular among retirees flocking to warmer climates during the winter. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">You could stay in parks throughout the country, such as in the Florida Keys or New Mexico. And you don\u2019t have unpack \u2026 your pet and other necessities go with you.<span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Living in an RV isn\u2019t exactly cheap, though. First, you need to buy or rent the RV (one source for rentals is <strong><a href=\"https:\/\/www.cruiseamerica.com\/\"><span class=\"s3\">Cruise America<\/span><\/a><\/strong>). Then there\u2019s the cost for fuel, upkeep, and overnight campsite parking fees. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Receiving mail can be a bit tricky as some RV parks don\u2019t accept mail sent to temporary visitors. So you\u2019d have to use a post office general delivery address. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Yet it could be an adventure that can be repeated every year just before the first snow and winter blast blows in. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">No matter which you choose \u2026 buying, renting, or RVing \u2026 becoming a snowbird can give you the best of both worlds. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And as long as you are aware of the hidden cost, it could be well worth it when facing the frigid winds of another winter.<\/span><\/p>\n<p>To a richer life,<\/p>\n<p><img decoding=\"async\" class=\"align-none\" src=\"https:\/\/duip7hn7nchpo.cloudfront.net\/signature-nilus-mattive.png\" alt=\"Nilus Mattive\" \/><\/p>\n<p>\u2014 Nilus Mattive<br \/>\nEditor, <i>The Rich Life Roadmap<\/i><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/consider-this-before-you-buy-your-warm-weather-home\/\">Consider This Before You Buy Your Warm-Weather Home<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/consider-this-before-you-buy-your-warm-weather-home\/\">Consider This Before You Buy Your Warm-Weather Home<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p>Fed up with the hardships of snow and ice in the colder regions of the U.S.? Does spending a few months in Florida, Arizona, or other Sunbelt states every winter sound enticing?<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/consider-this-before-you-buy-your-warm-weather-home\/\">Consider This Before You Buy Your Warm-Weather Home<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[366,1881,923,1882],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103940"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1103940"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103940\/revisions"}],"predecessor-version":[{"id":1103941,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1103940\/revisions\/1103941"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1103940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1103940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1103940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}