New Year, New Home – why renting could be the answer in 2017
It’s the start of a New Year and for many retired people or those approaching retirement, downsizing will be on the agenda and looking at purchasing a retirement property.
However there is another option. Increasingly we are seeing older people choosing to rent a retirement property rather than buy. They tell us how surprised they are by the variety of properties available – from one bedroom apartments in purpose built developments to luxury apartments in stately homes.
From seaside resorts and rural idylls to the bright lights of city centre living, there are affordable retirement rental options all over the UK to suit most people’s requirements and budgets. And the good news is that most of these come with assured (lifetime tenancies), something which is important for older people.
Our recent customer survey found that 71% of people said that the security of assured tenancies, that enable residents to rent their property for as long as they choose, mattered the most to them when making the decision to rent.
The desire to relocate to somewhere that better suited to your circumstances can also mean reduced bills or releasing capital from a house sale to have extra funds for enjoying retirement. The security of a retirement development allows you to ‘lock up and leave’ your home with peace of mind owning the developments security door system, on site manager and no maintenance worries. You could take the chance to visit family or plan that trip of a lifetime!
Other benefits of renting in a retirement development are the facilities, which include a communal lounge for socialising, gardens and 24-hour emergency call system in every apartment. Some of the more luxurious developments even have a gym, bistro and dining area, hairdressers, library and laundry facilities – offering more of a Club House feel. The social aspect is also important and the access to a ready-made community.
One couple enjoying the benefits of renting are John and Pamela Gray, both in their 80s, who downsized to a one bedroom apartment in Surbiton just over a year ago.
Discussing the benefits John told us, “The apartment is warm and safe, and the other residents are friendly. There is a garden but we don’t have to worry about looking after it so we can just enjoy it. The location is very convenient, the buses go from outside the door and there are a variety of shops close by.
“Socially there is a lot going on. We had a trip to the seaside with the other residents, which was great fun. We also like the reassurance of having a development manager on-site, and although we haven’t had to use it, we have peace of mind that our apartment has the 24 hour CareLine in case of any emergency.”
To find out what properties we have available to rent in your preferred area or if you would like more information please visit www.girlings.co.uk or call us on 0800 525 184.
Latest posts by Silversurfer's Editor (see all)
- Life is about living - June 22, 2018
- 5 signs that you’re not getting enough sleep - June 22, 2018
- Receive up to £100 when you open Over 50s Life Insurance with Shepherds Friendly Society - June 21, 2018
- Discovering the joys of yoga - June 21, 2018
- How to handle your digital legacy - June 21, 2018
Leave a Comment!
Community Terms & Conditions
These content standards apply to any and all material which you contribute to our site (contributions), and to any interactive services associated with it.
You must comply with the spirit of the following standards as well as the letter. The standards apply to each part of any contribution as well as to its whole.
be accurate (where they state facts); be genuinely held (where they state opinions); and comply with applicable law in the UK and in any country from which they are posted.
Contributions must not:
contain any material which is defamatory of any person; or contain any material which is obscene, offensive, hateful or inflammatory; or promote sexually explicit material; or promote violence; promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age; or infringe any copyright, database right or trade mark of any other person; or be likely to deceive any person; or be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence; or promote any illegal activity; or be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety; or be likely to harass, upset, embarrass, alarm or annoy any other person; or be used to impersonate any person, or to misrepresent your identity or affiliation with any person; or give the impression that they emanate from us, if this is not the case; or advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
Nurturing a safe environment
Our Silversurfers community is designed to foster friendships, based on trust, honesty, integrity and loyalty and is underpinned by these values.
We don't tolerate swearing, and reserve the right to remove any posts which we feel may offend others... let's keep it friendly!