A third of over 55's want to downsize.
A new study from the International Longevity Centre suggests that up to a third of home-owners aged over 55 are considering or are expected to downsize. The figure is considerably higher if those who have already sold their homes and bought somewhere smaller are included - as high as one in two or almost 50%.
The benefits of down sizing your home can mount up to a long list, including the lower costs of maintaining a smaller home, releasing equity to travel, or to buy a holiday home or just to have the funds to enjoy a whole range of hobbies and pastimes.
With more and more people in this age group realising that downsizing can be a great opportunity to have less house and garden maintenance, lower utility, local rates bills and insurance premiums - all adding up to considerable financial savings.
This group may now have empty nested with grown up children now living their own lives in their own homes. Yet the prospect of downsizing can be such an exciting and rewarding time giving purchasers both the funds and the desire to make their move into a smaller property an opportunity to have exactly what they want in that new home.
At Beau-Port we have had numerous down sizing clients who have the time and funds to invest in the kitchens and interiors projects that they really want, often viewing the smaller properties as their forever homes, so they are looking for quality, style, value and good service.
Moving into a smaller home, with possibly a smaller kitchen doesn't mean you have to compromise on storage space either. Our designers are skilled at making the most of every available piece of space, with ingenious solutions creating extra storage. We fitted out a relatively small kitchen in a period character cottage, having to use the original ‘footprint’ for the kitchen layout, yet our designers created a great deal of additional storage space.
Also the creation of multi-function rooms can help those downsizing to have a greater sense of space with the trend for more open plan living combining kitchen, dining and living spaces. We have also helped clients to make the most of their upstairs accommodation, with one project combining a spacious dressing room that was combined to also be a very professional looking home office.
So for those who are considering downsizing, or who have recently moved home, take a look at our new digital brochure which will show you a whole range of inspiring kitchens and interiors projects we have completed. You can download our digital brochure by clicking on this link.