Retirement is a time where there are lots of changes and you will have some big life decisions to make. Some of these are fun, such as planning a holiday, and some are more serious, like sorting out your finances for example. One of the things that many people start thinking about as they approach retirement, is where they want to live.
Deciding to move house in retirement is something that is both an emotional and a practical decision. Here are some of the factors that might cause you to consider moving house in retirement…
Following your Dreams – If you have always dreamed of living in a particular area but have been restricted by work, the freedom to now choose where to live can be something that can inspire you to move. It might be that you have always wanted to live by the sea – well now you can! If you live away from family due to work, it might be that you can now move and be closer to them. Retirement is an opportunity to have more freedom and many people decide that this can help them to live where they want.
Health Reasons – Looking to the future is something that is sensible as you approach retirement, and this is the time to start planning for old age. Part of this might be choosing a home which you will be able to manage more easily as you get older. Places like these Gloucester park homes are popular for retired people, for this reason, and it is something that can allow you to retain your independence as you get older.
Financial – Money and planning around your money, is important as you approach retirement. Making sure that you can live comfortably when you are retired helps you to be less worried about money and able to enjoy your retirement as fully as possible. Something that many people do when they retire in order to free up some money to enjoy in retirement is downsize. This is moving to a smaller property so it releases the equity from a larger one, which can then go towards funding your retirement. If you are living in a home that was bought to raise a family in, you might want to consider this option.