If you are thinking about living in a retirement home, but your mortgage is so high that you do not qualify for the lower mortgage payments and are unable to buy the property, One Story Retirement House Plans may be the answer. These plans help senior citizens and people with disabilities to purchase their own homes, paying the lower mortgage payments while still earning money from renting out their property.
What are the benefits of One Story Retirement House Plans? If you have a mortgage, One Story Plans can help you with the down payment and the monthly payments. It will also help you keep the house for longer than traditional mortgage plans which sometimes result in closing costs being added to the house.
A lot of senior citizens are able to maintain the same lifestyle of a higher income, when they rent out their house. They rent it out at a lower price and collect all the money they would earn from a regular monthly payment. This allows them to maintain their lifestyle in the house.
The idea behind this plan is that they pay the monthly payments for a year, then at the end of the year they sell the house plans for a profit. When the person selling the house plans for their mortgage payments and deducts the closing costs from the profit, they have only to make the difference. Not everyone is going to be able to make a profit from this, but most will be able to. The One-Story Retirement House Plans usually sells for around fifty percent more than the original price.
Many of the larger nursing homes and assisted living facilities offer One Story Plans. Because the smaller units do not have any extra bedrooms and are a smaller size, the fees for these types of plans are also generally cheaper.
One Story Plans can offer Senior Citizens an opportunity to save for the future. Even though mortgage payments are very high, the benefits of living in one’s own home are important. This is especially true for seniors who have financial hardships or have other concerns that they cannot provide for themselves.
Once a person’s financial situation has improved, they may wish to consider purchasing their own home with the profits from this type of plan. This way, they can get their financial situation under control.
One Story Plans can offer seniors the chance to buy a home of their own and stay in it for a longer period of time than they would be able to with a traditional mortgage. Although it can be more expensive than a normal mortgage, many seniors find the thought of living in their own home worth the price. For seniors, One Story Plans is very affordable and will help a person stay in their own home without having to worry about having to work at the house or paying off the mortgage.