NEW research shows that older people who downsize to a smaller home could make huge savings for their future retirement.
The study commissioned by Housing provider Hanover reveals that older downsizers could not only save money, but also reduce the risk of unexpected large maintenance bills and release equity for their retirement fund.
The analysis suggests that a retired person or couple who sold their three-bedroom home and bought a two-bedroom property could typically save £1,530 through lower utility bills, council tax and the cost of maintenance and repairs.
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 in their two-bedroom, coach house or apartment ranges across the region – including at the Renaissance development in Grimsby.
Linden Homes sales director Steve Woomble said: “These apartments are a wonderful addition to our stunning portfolio at Renaissance, 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 the apartments 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.”
For more information about the apartments call into the sales and marketing suite which is open daily from 10.30am until 5pm. Alternatively contact the sales team on 01472 815055.
For further press information please contact Cetti Long at Media Matters on 01733 371363 or email email@example.com
05 September 2013
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