Five reasons to rent
Could renting in retirement be right for you?
If you’ve not considered a rental retirement property before, the benefits might surprise you. Here are five to consider.
1. It’s a chance to try something new
If you are yearning for adventure, retirement rentals give you the flexibility to live where you please with ease – or to give a new lifestyle a try. Perhaps you’d like to be nearer the grandchildren while they are little, or spend time exploring a new part of the country. Or maybe you want to see if a retirement development is right for you without making the full commitment.
“It was a terrific decision for us. Initially we took out a 12-month contract so we could decide for ourselves how we liked it, but after being here just a few short weeks we’re really enjoying ourselves and the sense of freedom it has given us is fantastic.” Robert Wragg, Milward Place, Redditch
2. It’s speedy
Without property chains, and solicitors, moving into a retirement rental is quick and easy in comparison to buying a new home. Some people move in within a couple of weeks.
“If I had to sell my property before I could move into Fairway View, who knows how long I could have been waiting? With chains, solicitors, surveyors the opportunity to rent was a welcome one. It gave me the flexibility I needed and the ability to move on my timescales.” Barbara Higginbotham, Fairway View, Brough.
3. It’s secure
While many people think of renting as a short term option, the reality is that that if you have assured tenancy your rental home is yours for as long as you want it. And if you rent in a retirement development you should get access to exactly the same communal areas, services and events as the people who have bought.
“The idea of renting was very appealing”, says Margaret Brennan, Milward Place, Redditch. “It offered the same security as owning my own home because of the assured tenancy, but with the flexibility of knowing I wasn’t tied down.”
4. No more DIY
If you rent, then you shouldn’t have to worry about things like leaky pipes, broken boilers and overgrown hedges. You’ll have nothing extra to pay for fixing major issues and help should be just a call away. In McCarthy Stone retirement rentals you’ll also have the support of a friendly onsite manager, as Robert explains.
“If something goes wrong, you just ring McCarthy Stone and they arrange for someone to come and fix the problem. In our previous home we were forever decorating and cleaning. Now the apartment is so low maintenance we barely have to lift a finger. It’s warm, cosy and has a relaxed atmosphere which makes you feel right at home.”
5. It can free up your finances
For some, the idea of selling a property and enjoying the capital is very appealing. It can free up money to spend on holidays, hobbies and helping out family. Alternatively some people rent out their existing home to fund their new lifestyle while holding onto their biggest asset.
“I didn’t want my money to be stuck in a bank. I wanted to be in control of it, and to be able to use it for what I needed. It was also important to me to be able to give something to my nieces and help them along in their lives,” Barbara says.
Alison Nunez, Director of Multi-Tenure, McCarthy Stone adds, “Renting with us allows you to enjoy the McCarthy Stone lifestyle on your terms,”
|Read Alison’s interview about renting versus buying. You can also watch McCarthy Stone’s customers share their experiences of renting in retirement.|
Tempted to rent? Explore McCarthy Stone retirement properties for rent across the UK.
Who is McCarthy Stone?
McCarthy Stone is the UK’s leading developer of retirement communities offering retirement properties to rent or for sale. For more information, please visit McCarthy Stone