Happy Customers

"After inheriting a property from my late Mother, I approached National Homebuyers. I had been caring for my Mother for a number of years and the thought of selling the property using an Estate Agent was a hassle that I did not feel able to cope with. The sale of the property was a difficult […]"

Mrs J, Lydney, Gloucestershire

"We wanted to up-size to make room for our growing family, but needed to sell our flat first and National Homebuyers enabled us to do this quickly. They simplified the whole process of selling and enabled us to purchase our dream property! Moving to a Retirement Home"

Mr & Mrs H, Space

Moving to a Retirement Home

There are a growing number of people who are not only downsizing to a smaller property in their later years, but are choosing to live in retirement communities. Many people do not want the stresses and worries of living alone in their later years, so they choose to move to a retirement community so they know there will always be someone to help them. There can be a holiday feel to the atmosphere in these retirement homes and with the number of activities available to the residents it can be more like living on a cruise ship! There is company if you want it, but you can also have the privacy of your own home as well.

Things that you should consider if you are thinking of buying a retirement property:

  • Discuss your move with your family; it is important to discuss how they will visit you. Many retirement homes villages will have guest suites for family members to rent and they may also have larger common rooms that can be hired for larger family gatherings.
  • Make sure that you budget for service charges. They can be high, particularly if the property has extensive grounds and a lot of facilities. Some retirements homes for sale will have access to facilities such as a gym or library, and the service charges will need to contribute to the running of these facilities.
  • Check exit fees. Some developers insist owners pay up to 20 per cent of the value of the home when they eventually sell. Some companies will forbid sub-letting, or may allow it subject to a hefty fee being payable. The Office of Fair Trading has cracked down on how retirement companies charge and enforce exit fees on their leases. For example, Fairhold Homes Limited, who own the freehold of a number of former McCarthy and Stone properties, have been forced to lower their exit fees, but there are still fees payable and some companies are still charging extortionate fees.
  • Could you find a similar retirement home for rent, and end up spending less in the long run than buying? You could avoid exit fees and service charges altogether by renting a retirement property, and save the stress of dealing with management companies. Some of the major retirement property companies such as Anchor Retirement Homes advertise properties for rent, as well as for sale.

If you are thinking of moving to a retirement community, make sure that you have considered all of the different aspects of retirement living thoroughly. You could try visiting your chosen retirement village at different times of day on different days of the week, to get a true idea of the atmosphere of that particular community. With all of the fees and service charges involved in buying a retirement property, it could be a costly mistake if you decide that it is not for you.

National Homebuyers – We Buy Any House

homebuyer man with guaranteeNational Homebuyers are a UK based property buyer who really do buy any house or property! In fact we will buy anything, absolutely anything! Whether it is a house, flat, bungalow or park home we will buy it!

If you are looking for a fast house sale then we are here to help you. Our team of property experts are always on hand to share their expertise with you and help you achieve you aim of selling your house fast in a time scale that suits you and not us. So if you want a sell house fast service then give us a call on 08000 443 911.

Get your no obligation cash offer now by using the Get Offer on the right hand side of this page and take the hassle out of selling your home!

Homebuyer Man is the public face of National Homebuyers’ expert property team, keeping up to date with all the latest industry news, property trends and market information.

Homebuyer Man’s experience in the property market is unmatched, providing expert information and exclusive insight on all things property, whether that be mortgage advice or drilling down into the best times to buy and sell in different areas across the UK. With more than 15 years’ experience, there isn’t much Homebuyer Man doesn’t know when it comes to the property market.

I’m a regular face on some of the country’s most popular TV channels including ITV, E4 and Nickelodeon.

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