10 April 2019
Whether you’re buying your first home or a retirement home, the process is still the same. With so many factors to take into consideration, the process can be quite stressful. However, Nick Freeth, Managing Director of Retirement Homesearch, part of FirstPort the UK’s largest specialist retirement property agent, has created the ultimate checklist for retirees looking to downsize. So whether it’s thinking ahead, managing your finances or simply making the most of your surroundings, Nick has thought of everything.
Think ahead
- Take into consideration your proximity to shops, doctor, hospital, clubs, entertainment venues, transport links. Personal transport may not be readily available as time goes on so ensure you have easy access to local amenities
- Is a ground floor location important? How will you tackle multi-storey accommodation?
- Is, or will, access be important? You may need ramps, lifts, wheelchair friendly floors available to you if required
- If you have a car, is there adequate parking space for you and your visitors?
- You’re likely to be downsizing, so think carefully about which personal possessions you must have in your new home?
- If you’re an internet junkie, what’s the broadband speed in the area? Also make sure you check the strength of your mobile signal when visiting new sites
Understanding your surroundings
- Is the “social” aspect important to you? If yes, are there any communal areas and how do they look?
- Is a view important?
- Visit at different times of the day and week to check for intrusive noise from roads, trains, planes, schools, factories etc.
- Is the overall development well run and will maintenance be easy for the areas you would be responsible for?
- Is the heating going to be adequate?
Working out your financials
- Does the property need a new kitchen, bathroom, carpets or redecoration? What will this cost?
- If service charges apply, how much and what do you get for your money?
- Is there a reputable management company and are the accounts up to date and clear (your solicitor can help with this)?
- If timescales or minimising stress are important to you, have you considered part exchanging your current property rather than going through the process of selling in the open market?
Moving home is never easy, there are a lot of factors you need to take into consideration. However, by using this brief checklist as your ‘go to guide’, you are sure to find the perfect property just for you.
