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DEVELOPER Linden Homes is hoping its advice on downsizing will buck the national trend of reluctance in retired people to move to a smaller property.
The results of a Yougov poll for retirement housing provider Hanover reveals that retired people are not particularly keen downsize despite acknowledging a range of financial and lifestyle benefits.
Just 16 per cent of the 445 retired people who took part expected to move to a home with fewer bedrooms by the end of 2017, even though research suggests that a retired household that moved from a three-bedroom to a two-bedroom home could typically save £1,530 through lower bills and maintenance costs.
The amount could be even higher for people with an outstanding mortgage or those currently renting – up to £4,000 is some cases.
On the back of the research, developer Linden Homes claims the cost efficiencies can continue if downsizers move into a brand new property at its developments across North East Lincolnshire, East Riding and North Yorkshire.
The company’s portfolio ranges from one and two-bedroom apartments and two-bedroom coach houses to two and three-bedroom properties in locations close to town centres or in the heart of a community.
And here are some other advantages of downsizing:
Linden Homes sales director Steve Woomble said: “Our apartments and coach houses are a wonderful addition to our portfolio across our operating region, and offer a slightly different style of living – which in light of this recent research seems a perfect opportunity for our customers to save money and reap the many benefits of a smaller property with little or no maintenance.
“The open plan design of these properties gives a feeling of space and airiness, and the overall style lends itself perfectly to buyers looking for a quality home but on a slightly smaller and easier to manage scale.”
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