Does retirement always have to mean downsizing? For some retirees, life is only just getting going – and they want more room to live in. Many want more space to enjoy a better lifestyle, and to have all the family to stay.
Now “upsizing” is becoming so popular that developers are incorporating larger apartments in their mix of homes. A recent report from the National House Building Council (NHBC) found that 46% of homeowners ages 55 to 74 had spent extra money on their latest move, with 28% of those who moved buying a larger property with more bedrooms…….
Carol Peett of buying agent West Wales Property Finders says that almost half her clients this year have been retirees looking to upscale their homes. Of these, about two thirds wanted an annexe/cottage so that there was room for a carer, should they need one. “One couple from Ealing in London sold their two bedroom flat there to buy a five bedroom house with an annexe in the little market town of Narberth for £450,000”, she says.
In her experience, demand for larger homes often comes from couples like this who have remarried and need extra space to accommodate their combined families. “We also have a retired Met police office and his wife who sold their place in Twickenham and bought an old farmhouse with 12 acres where they have their families to stay”, she adds…….
The Telegraph – 8th February 2019 https://www.telegraph.co.uk/property/retirement/forget-downsizing-meet-people-buying-larger-homes-retirement/
If you are looking to move to Pembrokeshire, Carmarthenshire, Ceredigion or Gower, or buy a holiday home here, give West Wales Property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money. http://www.westwalespropertyfindersco.uk