QUALITY RENTALS IN LATER LIFE
Historically, homeownership has been seen as the ultimate goal for many, offering financial stability, a sense of security, and financial freedom. However, as we age, our needs and perspectives change.
More and more retirees in the UK are opting to rent rather than own their homes. They find that renting offers distinct advantages that can enhance their quality of life and reduce the burden of homeownership later in life.
In recent years, there has been a marked increase in demand for rental accommodation among retirees. According to industry reports, over-65s living in private rented accommodation in the UK have doubled over the past decade. A key factor driving this shift is the emergence of properties specifically designed for long-term rental that offer a range of benefits, including greater security of tenure.
Birchgrove, the award-winning specialist developer of contemporary retirement properties, is one such developer. Its high-quality self-contained apartments are designed for people in later life. Each apartment is individually designed to maximise space and light and has the Birchgrove trademark of high-quality finishes, so that the apartments are distinctly elegant—with details such as wide doors and corridors for freedom of movement and access, integrated appliances at waist height for ease of use in the fully fitted kitchens, and step-free en-suite showers.
Residents at Birchgrove have access to exclusive on-site amenities such as a restaurant, licensed bar, club room, wellness suite, landscaped gardens, and communal terrace. Regular events and activities also contribute to the friendly community lifestyle – from hobby groups to shared activities with like-minded people. And for added peace of mind, there is a concierge and 24-hour staff presence.
Underlying Birchgrove’s business model is the belief that the current housing options for people over 65 exclude a large section of those who don’t want to manage another house purchase; therefore, renting in retirement is the missing piece in the housing puzzle. The appeal may not be immediately obvious to those accustomed to home ownership, but for a variety of people and reasons, it can uplift your whole quality of life and be liberating.
Another reason rental is popular with older adults is many have already built their wealth. They see a lot of money going into the maintenance and repair of their family home and think that money could be put to a better purpose. Perhaps into retirement funds that benefit the family or use it to enjoy a better quality of life. So, whilst some argue that paying rent is throwing money down the drain, the truth is this more applies when you are building your wealth. Late renters have a different perspective; they are working out the best way to disperse their accumulated funds and planning and preparing how best to enjoy their future years.
Birchgrove is rapidly growing its portfolio of high-quality retirement communities. There are communities in various locations in London, Kent, and Surrey.
If you would like to find out more about living at a Birchgrove retirement community, contact the team. They will happily discuss the options and answer your questions.
Call 020 3929 5599
or
visit www.birchgrove.life
Disclaimer: This post is a paid advertorial in collaboration with MoveTo.co.uk The views and opinions expressed in the linked article are those of the author and do not necessarily reflect the official policy or position of MoveTo.co.uk. #Ad #PaidPartnership #SponsoredContent
Read next;
The power of planning ahead