4 Tips for Seniors Who Want to Homestead in Retirement


Many seniors long for a different way of life in retirement — a slower existence with more connection to nature. Some hop into an RV and visit national parks, while others take up hiking. Many seniors garden, while others take their love of the land to a new level — they homestead.


Homesteading is living more closely to the land and doing more DIY projects in every aspect of home life — from caring for chickens to making your own jams and jellies. Many seniors love the idea of buying a homestead so their children and grandchildren have a place to gather to celebrate milestones or relax a summer weekend away. Does this sound interesting to you? Let’s take a closer look at four important considerations seniors should make when retiring on a homestead.


What is homesteading?


Recent years have seen a surge in homesteaders. The lifestyle of simplicity is very popular, especially to seniors who have lived urban lives with rigorous careers. Or perhaps you’re a senior who spent their childhood on a farm and long for those days of hard but rewarding work. Enter homesteading.


Homesteading is a life of self-sustenance, where you make and create as much from raw goods as you can. Exactly how you homestead means different things to different people, so it is important you make a list of your interests, goals, and expectations.


How can you find an affordable homestead?


You can homestead anywhere. But if you are looking to retire in a larger home or on spacious land, then you’ll need to budget what you can afford with your retirement income. Purchasing property can be a wise financial investment, though few seniors want to increase their mortgage payments in retirement.


Rural areas often have a lower price point than urban homes. Find land as far out as you can. There are many affordable ways to get the size home you want when you open up to the outdoors. But keep in mind the commute to family, friends, doctor’s appointments, and other important errands. If you stay urban, consider downsizing to something smaller. Look for the minimum square footage you need to entertain the family, make and build in a workshop, start a sustainable garden, etc.


Are there ways to reduce debt before selling and buying?


Though you have likely done some financial introspection prior to retirement, you’ll want to look at debt before selling your home and buying a homestead. If you want to homestead in a larger house but have significant debt, your first course of action is to pay it down as quickly as you can. It might be a good idea to connect with a debt management professional to help you make a plan. Look into debt consolidation options for swift repayment plans.


And don’t forget to prep your own home for sale. Getting your asking price (or even higher) can make a huge dent in your current debt and even provide homesteading funds.


How can you stay safe on moving day?


All seniors — even those in the best of shape — need to be mindful of a few things on moving day. You don’t want to start out this new chapter of your life recovering from an injury. Consider hiring packers and movers to make the transition easier.


You can also connect with a senior move manager who can oversee both the packing and unpacking of your home. Be sure you have a friend or family member with you all day to support you. And if you are helping with the loading and unloading, stay hydrated!


If you are thinking about homesteading in retirement or for any other retirement housing needs, connect with the Coastlands Group.