What are the advantages of downsizing?
Firstly, if you’ve been in your current home a while, it’s likely to have increased in value, and you may be near to paying off your mortgage, if not having paid it off completely.
Buying a smaller, cheaper property will give you a lot of equity left over, to use for whatever you wish. It also means you can buy your new home as a cash buyer, giving you more options and the ability to live mortgage free.
Downsizing to a smaller home means less upkeep, lower bills and more time to do the things you love. It’s an exercise in saving both money and time.
If you are downsizing in later life, it means you can choose a property that will be better suited to your needs as you get older. Instead of having to contend with your stairs, limited accessibility or a huge garden requiring maintenance, you can pick a property that can work for you.
Residential lodges after retirement open a world of possibilities in partnership with Sutherland Parks.
After retirement, many people opt to change their lifestyle. Gone are the frazzled commutes and rushed burnt coffee hastily sipped from a styrofoam cup. Goodbye to hurried mornings out the door and late nights returning home. After retirement, you’re ‑nally able spend time as you please and enjoy a slower pace of life. Does your home suit your new, more relaxed life?
Now is the time to properly enjoy your home, your loved ones, and the fruits of your labour. A more relaxed lifestyle awaits – that is, if you’ve bought a luxury residential lodge at Sutherland Parks.
Why should I invest in a residential lodge or holiday park home after retirement?
After retirement, you may want a dwelling with easier access, smaller garden and more suited to your new lifestyle.
Retirement can open a world of possibilities and seemingly endless opportunities. However, if you’re tied down to a large and mostly unoccupied house, you may feel restricted. So, why should you downsize to a residential lodge or holiday park home after retirement?
When downsizing, many ‑nd that transitioning from a larger home to a smaller one comes with fewer worries and reduced ‑nancial anxiety. Less to dust, fewer calls to the handyman, decreased energy bills – what more could you want?
Indeed, downsizing can free up ‑nancial capital, minimise stress and open a world of possibilities, enabling you to set off and explore. Have you ever dreamed of booking a last-minute holiday and taking off on an adventure? Or, would you love to be able to welcome your family and grandchildren with just a moment’s notice? With a more manageable home, you won’t have a large mess to worry about. You even have thefreedom of letting out your residential lodge or holiday park home while you travel so you can easily earn some extra income.
