Buying a retirement property

After years of dedication and hard work, finding the perfect retirement property is an exciting milestone. With so many options available, it’s important to choose a home that truly fits your lifestyle and needs. This is a significant decision, and there are several key factors to consider before making your choice.

Consider your lifestyle carefully

Whether you are retiring early or a little later, it’s important to think about the kind of lifestyle you want. You may be planning an effortless life with low maintenance and proximity to family and friends. Many retirees are becoming more active due to improved health, and you may choose to define each stage of your retirement by the property you live in. You may choose a country cottage now, opting for a purpose-built retirement property in the future.

Planning for the future

Many individuals have reported that their retirement has been one of the busiest periods of their lives. Once you retire, you will likely have numerous plans for the future. Your journey with property may just be getting started. Making home improvements to your property could increase its value. One advantage of owning a freehold property compared with a leased property is that you and your loved one may stand to gain a better return.

Finding the right location

The UK offers so many fabulous locations to retire, from the coast to the countryside. Even after settling on a specific region or city, it takes skill to find the ideal location. You will undoubtedly have a long list of requirements, such as an idyllic location, proximity to shops, and a good social scene. Tranquillity might be important, but you also want to feel safe, comfortable, and have plenty of choice when it comes to enjoying yourself.

Ways to buy

Choosing a retirement village or complex may appeal to you, or it may be your last choice. If you appreciate the concept of having a variety of services that could simplify your life, you might be drawn to the latter option. These types of properties are often leased. However, it’s crucial to understand the true costs associated with leasing your retirement home, which may include ground rent, a lower resale value, and the costs associated with extending your lease or subleasing. Buying a freehold property is free of these restrictions.

Your preferred property

It’s vital that you are pleased with your decision. Downsizing to an energy-efficient flat, apartment, or bungalow can offer a lot of advantages. Lower monthly energy bills, less property maintenance, and fewer rooms to keep clean are very appealing and will leave you with more time and energy for the fun aspects of life. Perhaps you love the idea of retiring in a larger home with plenty of space for a multi-generational dwelling.

Get good advice

Your next step is a big one, and it’s very easy to get confused or misguided. Getting the right guidance so you can make clear-minded and well-informed decisions always helps. Your current property may already hold the key to a better retirement. It most likely will have gained value over the years, and this alone gives you more options. The UK property market offers new opportunities on a daily basis in the form of an exciting range of homes that appear on the market.

Whether you are retiring or just starting out, contact your local Guild Member today.

Financial Services

Contact a specialist from Aston & Co Financial Services for help with finding the right mortgage.

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Customers Say

Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...

Andy

Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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