Quoting Bill Spreckley of Stacks Property Finders
Buying a property that suits you in your 60s and 70s, that will continue to meet your needs in the years beyond, is a challenge that is being faced by more and more buyers as the baby boomers come of a certain age.
Bill Spreckley of Stacks Property Search says, “This generation tend to be practiced and efficient buyers. In the past, they have had to factor in working lives, schooling and space for a rowing family. But a property at this stage of life will generally be smaller and its location can be less restricted.”
“Try and choose a location where you already have some connections. Establishing a completely new social life in retirement, without work or children to make connections, can be difficult. You’ll probably need less bedrooms, but can focus instead on living / entertaining space, giving yourself the ergonomics you’ve always wanted, and perhaps his and hers living spaces to ease the journey into spending 24/7 with a partner. And bear in mind that at some stage in the future it may be necessary to create downstairs bedroom space.
“A property that has good energy saving features will rule out unexpected costs at a time of life when income tends to be fixed.”
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When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
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