Retired But Reluctant To Downsize? Small Changes Could Make A Big Difference (North)

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.”

Apartment living– perfect for those looking to downsize and save money.
Apartment living– perfect for those looking to downsize and
save money.

-ENDS-

For further press information please contact Cetti Long at Media Matters on 01733 371363 or email cetti@mediamatters-pr.co.uk

07 October 2013

< Back to press office

All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales representatives for details of the exact specifications available at the development(s) for each type of home and the associated prices.