- Sun 31 May 2020
As you settle into retirement, your home and surrounding location become even more important. Perhaps you’re looking for somewhere more rural, a bit more space, or somewhere with a close-knit community? We are on hand with a quick list of great recommendations that will help you consider what you want from your home for life.
With restrictions on the lockdown easing, many estate agents like us are getting back to work and property sales are already completing at a faster pace than in recent weeks.
However, we are remaining cautious and are operating remotely where possible. With the continued reduction in property inspections, face to face viewings and area assessments, we are on hand to ensure that you can get all the help you need from the comfort of your own home.
The current government guidelines provide an in-depth look surrounding social distancing and the property market, and Rightmove have provided detailed guidance for safe in-person viewings.
5 key considerations when planning to relocate
Now, more than ever, we are wanting to move closer to our friends and family, local amenities, and supportive communities. Your moving goals and motivations are important and unique to you but, in order to find the perfect place to live in retirement, you should take a moment to consider some key elements to achieve happiness and comfort later in your retirement.
Here are 5 key questions it might be worth thinking about when considering a big move like this; it works as a great starting point to determine what your future move could look like.
1. Why do you want to relocate?
This is the perfect time to talk to your family and friends. They might be able to help you weigh up the options, regardless of whether or not you might be moving closer to them. Draft in an extra pair of hands to help you identify what amenities and activities you want to have access to. Improved leisure facilities and amenities are a big factor for many who are considering relocating in retirement, so it is important to find out exactly what you might have access to.
Researching together is the perfect way to ensure all angles are covered; your friends and family are likely to think of questions and options you may not have considered.
2. Will you be well supported?
Enjoying your retirement is paramount - after all, you’ve earned it. So, whilst leisure and location are up there for reasons to move, being surrounded by family and friends is good for both maintaining physical and mental health.
However, if you are looking for a fresh start, it is a good idea to spend some time in the local area you are considering. Whilst getting to know some of the local residents and business owners is a great way to get to know the area, it could be trickier during these times. There are many forums and Facebook groups that could help you get to know people and talk about what the area has to offer. Talking to others can help you establish whether the area is friendly and if you will be well supported in years to come.
3. How affordable is your ideal location?
Affordability is key, and it’s really important to research not only the house prices in your desired location to ensure that you’re not priced out further down the line, but also knowing all options that are available to you, such as renting, mortgage or a Lifetime Lease. Knowing this will help you find the best property for you.
If you’re moving back to the UK after living abroad, you may find that your dream location isn’t quite within your affordability. But don’t worry. We can help you to explore your options and calculate a realistic budget. This is a key step to finding the perfect property for your retirement.
4. Do you need to think about downsizing?
When you’re thinking about relocating in retirement, it’s a great opportunity to downsize! A smaller space can be more practical and accessible. It could also help you free up some capital and potentially help reduce your monthly expenditure on bills.
5. Have you explored all avenues?
When planning your retirement and what you imagine from your home for life, it’s important to consider how staying in your current property or area might affect you compared to moving. This can be anything from happiness, community involvement, the state of your finances and accessibility in terms of health, leisure, and transport links.
It is important to keep your friends and family involved in your decision making - it can sometimes lead to a fresh perspective and may leave you feeling more confident in your choices.
Choosing the South-West
The South-West has always been a popular destination for retirees, with great communities such as Frome in Somerset and Chagford in Devon, topping The Times "Best Places to Live" List for 2020.
These lists are made with many different factors in mind including overall happiness, house prices, healthcare workers per head, local amenities and much more, which is why they’re a great place to start your research. Plymouth came out on top in last year’s survey for Which?: Best Place to Retire in the UK, due to low house prices, as well as, access to churches, restaurants and open spaces.
Which? Also have a great comparison tool, where you can pop in two postcodes and it will tell you how they compare on a set of criteria that might be on your list of desirability – it’s free and easy to use.
How we can help
We’re the largest independent Estate Agency in the West Country; we’re here to help you from the very beginnings of your search, to getting the keys to your forever home.
Moving home in retirement can be stressful and moving home during the Coronavirus pandemic can seem more overwhelming than usual, which is why we are on hand to assist you in navigating this process.
Here at Bradleys we work together with Homewise, a family run business which has been helping people move home for over 40 years. If you are over 60 years old and thinking about moving, we can refer you to their expert consultants to ensure that you are able to explore your options. A Lifetime Lease might help you to achieve retirement goals that you may have. From living debt-free, mortgage free and in your ideal location, enjoying your retirement is the number one goal.
Whether you have outstanding debt you want to clear, inheritance you want to give, or you simply want to enjoy all the South-West has to offer without those monthly rent or mortgage repayments, we work together to make sure you’re satisfied you have all the guidance you need.
Just like us, Homewise have adapted to the current situation in recent times; however, they remain available to answer your questions and provide insight into everything you need to know to secure your perfect home.
To get your search started, contact us today, or find a branch that is suited to your desired location. From financial services to surveyors, we’ve got all your potential needs in one place.