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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.
-ENDS-
For further press information please contact Cetti Long at Media Matters on 01733 371363 or email cetti@mediamatters-pr.co.uk
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith, Vistry Ventures or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
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 consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
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