![\"girlings-downsizers\"](\"http:\/\/newclone.retiremove.co.uk\/blog\/wp-content\/uploads\/2016\/02\/girlings-downsizers.jpg\")
The couple pictured are happy downsizers but,\u00a0according to a\u00a0new report a lack of downsizing options for the over 55s is creating ‘Generation Stuck’<\/h3>\nThe couple pictured are happy downsizers but,\u00a0according to a\u00a0new report a lack of downsizing options for the over 55s is creating ‘Generation Stuck’<\/h3>\nThe report from McCarthy& Stone entitled \u2018Generation Stuck: Exploring the Reality of Downsizing in Later Life\u2019, highlighted that one in three of the UK’s homeowners aged 55 and over are considering downsizing, but\u00a0they feel there is not enough\u00a0housing aimed at their age group.<\/p>\n
The main reasons people want to downsize are\u00a0to\u00a0reduce costs, to improve wellbeing and have social benefits.<\/p>\n
Peter Girling, Chairman of Girlings Retirement Rentals<\/a>, said: \u201cWe\u2019re seeing growing numbers of over 55s wanting to downsize and many of our residents would agree that the financial benefits of downsizing and the desire to reduce home maintenance are key drivers behind their decision making.<\/p>\n \u201cHowever, there is a distinction between those that downsize to buy and those that choose to rent. Buying a retirement property still involves stamp duty costs and the on-going maintenance and upkeep costs. Renting avoids all these costs and retirees today can rent on assured tenancies and remain in their property for life should they choose \u2013 affording them a similar level of home security as home owners.”<\/p>\n 1. Release Equity<\/strong> 2. Reducing maintenance bills<\/strong> 3. A rental property for life<\/strong> 4. Reducing bills and housework<\/strong> 5. A home fit for retirement<\/strong> 6. A better social life <\/strong> 7. Starting afresh<\/strong> 8. Homes to suit all budgets<\/strong> 9. Lock up and leave<\/strong> 10. Fixed monthly costs help people budget<\/strong> <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The couple pictured are happy downsizers but,\u00a0according to a\u00a0new report a lack of downsizing options for the over 55s is creating ‘Generation Stuck’ The report from McCarthy& Stone entitled \u2018Generation Stuck: Exploring the Reality of Downsizing in Later Life\u2019, highlighted that one in three of the UK’s homeowners aged 55 and over are considering downsizing, […]<\/p>\n","protected":false},"author":3,"featured_media":20625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_analytify_skip_tracking":false,"cybocfi_hide_featured_image":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[13],"tags":[],"yst_prominent_words":[2800,707,2803,2793,2751,2804,394,2799,2794,82,2795,8918,2806,2796,2792,2798,262,8917,8920,8919],"class_list":["post-20622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk"],"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-05-01 03:27:01","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/20622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=20622"}],"version-history":[{"count":4,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/20622\/revisions"}],"predecessor-version":[{"id":20627,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/posts\/20622\/revisions\/20627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/media\/20625"}],"wp:attachment":[{"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=20622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=20622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=20622"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/newclone.retiremove.co.uk\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=20622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Here are Girlings<\/a> top 10 reasons for people to downsize<\/h4>\n
\nReleasing equity the number one reason people want to downsize. Selling a home enables the release of capital for investment or spending. It can help fund retirement living, be used to help family members with their finances or spent on holidays and travelling.<\/p>\n
\nThe cost of fixing things that go wrong in the home is a big worry for many people. Many also don\u2019t want to spend their precious time doing DIY. Moving to a smaller property will reduce maintenance worries and costs. Many residents living in our retirement rental properties tell us they love the fact they don\u2019t have to worry about maintenance as it\u2019s all included in their monthly rent.<\/p>\n
\nMany retirees don\u2019t realise they can downsize and rent on assured tenancies, allowing them to remain in their properties for life. For most people, this is the biggest attraction of renting in retirement.<\/p>\n
\nSmaller homes will\u00a0reduce your carbon footprint and reduce your outgoings \u2013 lowering utility bills, council tax,\u00a0repairs and maintenance. Bearing in mind physical chores become more difficult as you\u00a0get older, downsizing to a smaller property will\u00a0reduce house work. Cleaning, furnishing, maintenance, home upkeep and the cost of it all can lead to stress and reduce the amount of free time for leisure and spending time with family.<\/p>\n
\nAs we age we\u00a0need a property more appropriate for our\u00a0physical needs. Most retirement developments have lifts, so people don\u2019t have to struggle with stairs, and there is access in bathrooms for personal care if needed. For extra peace of mind there is usually an on-site manager available on weekdays and 24-hour emergency assistance too.<\/p>\n
\nAccording to Age UK more than two million people in England over the age of 75 live alone, and more than a million say they go for over a month without speaking to a friend, neighbour or family member.
\nLoneliness doesn\u2019t need to be an issue in a retirement development where there is always something\u00a0going on \u2013 from coffee mornings to fish and chip suppers. The communal lounge and gardens also provide many opportunities for residents to meet and socialise.<\/p>\n
\nDownsizing and moving to a new area in retirement can give people a new lease of life. Many people dream of living by the sea, whilst others prefer the convenience of city centre living \u2013 we have options for everyone.<\/p>\n
\nRenting in retirement doesn\u2019t mean having to pay a fortune in rent as there are plenty of properties starting from as little as \u00a3525 per month. Equally for those that are seeking something luxurious our Diamond Collection is an exclusive range of properties with a \u2018Club House\u2019 feel, aimed at people over 60 years of age who want to trade in their home for rented luxury living.<\/p>\n
\nMany of our residents enjoy the fact they can travel abroad or in the UK and simply lock up and leave their apartment, safe in the knowledge their homes are totally secure and that a development manager is on site to check everything is ok.<\/p>\n
\nThe monthly rent covers services and property maintenance, including the upkeep and cleaning of common areas, the upkeep of the external areas, including gardens, external window cleaning; lift maintenance; insurance of the building and in many cases the cost of water is also included. This helps people budget how much money they have to pay each month without any big surprises.<\/p>\n