As the cost of living continues to rise, many retirees are contemplating downsizing to alleviate financial strain and reduce expenses. One exemplary couple, Robin and Val Greenfield, have discovered contentment in their choice to downsize to a one-bedroom flat in a retirement community.
After residing in a two-bedroom apartment for numerous years, the Greenfields made the daring decision to downsize and lease a smaller space. Despite initial concerns regarding space, the couple has fully embraced their new living arrangement and is now relishing the tranquility it brings.
Robin and Val boast a unique history, having portrayed Mr. and Mrs. Claus in Lapland. Their festive roles not only brought personal joy but also contributed to their additional income, supplementing their retirement savings and covering their rent at the retirement development where they currently reside.
With the assistance of retirement rental specialists, My Future Living, the couple found the transition to their new home to be seamless. Robin expressed his satisfaction with the process, commending the company for their attentive service and the maintenance and updates provided to the apartment before their move-in.
The decision to downsize is a common consideration among retirees. Recent data from HL in September 2023 revealed that nearly a quarter of individuals are contemplating downsizing in retirement, while others remain uncertain or hesitant to do so. Despite varying perspectives on downsizing, experts advise retirees not to solely rely on the proceeds from downsizing to meet their financial needs in retirement.
Another retiree, Donald Chemney, also experienced financial relief by selling his three-bedroom house and downsizing to a one-bedroom property. His decision enabled him to cover his wife’s care home fees while also granting him the freedom to volunteer, travel, and plan visits to see his son in Australia.
Through careful planning and serendipity, Donald discovered his new home at a retirement development on the same road where his wife grew up. The arrangement not only fulfilled his practical needs but also established a sentimental connection to his new living space.
Both retirees have expressed their satisfaction and contentment with their downsized homes, affirming that their decisions have allowed them to live comfortably and pursue their passions.
As an increasing number of retirees contemplate downsizing in response to the cost of living crisis, stories such as those of Robin, Val, and Donald provide valuable insight into the positive outcomes that can result from such a decision. Ultimately, finding the right living arrangement in retirement can bring peace of mind and financial stability, enabling retirees to focus on what truly matters in their golden years.
+ There are no comments
Add yours