DOWNSIZING used to only mean one thing – a smaller property in later life.
However, there are now many reasons why cash-savvy house hunters are opting for a more modestly sized home, and at any age.
One recent report suggests that age is becoming less relevant - as one in five people are downsizing in their earlier years to help with household bills and raise windfall money.
The study by Lloyds TSB reveals 59 per cent of people want to move to a smaller property better suited to their circumstances.
A third would be looking to reduce their bills and one in three wanted to downsize to support their retirement plans.
Meanwhile, research from the Castle Trust – a housing investment shared equity provider – suggests that 3.2 million households who are looking to sell their homes want to buy a new property that is an average of 57,400 cheaper.
The result? Homeowners could raise approximately £186 million towards their retirement by downsizing their homes.
Whatever your reason for downsizing, developer Linden Homes currently has a range of new homes that fit perfectly into the ‘downsizing’ bracket across at its Roman View development in the Northamptonshire village of Greens Norton.
A small, attractive development of just 49 homes – it boasts a range of one, two, three and four bedroom homes set in a private cul-de-sac design.
Many of the homes at the development will enjoy panoramic rural views across open countryside.
And for those with an existing property to sell, there is the popular Assisted Move scheme. Linden Homes will obtain two independent valuations on your existing property from local agents on your behalf.
Providing you and your existing property meet certain criteria, Linden Homes will then assist you in finding a buyer for your home, leaving you free to reserve your new home and no estate agents fees to pay.
Among the latest purchasers to not only downsize, but to use the popular incentive are Trevor and Pam Newton – who were looking for a low maintenance yet high quality home closer to their family and young grandson.
The retired couple, originally from Sheffield, recently moved to their brand new Linden Homes apartment at another regional development.
Trevor said: “Although healthy at present, we were looking for a carefree lifestyle with little maintenance and liked the added security and peace of mind that a smaller property offered.”
The Roman View show home and sales and marketing suite are open Thursday to Monday from 10am until 5pm. Alternatively contact the sales team on 01327 358818.
-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.
