While we were researching this blog, we spent a lot of time looking at how people spend their retirement – those golden years of your life when you are free from the binds of the 9 til 5 to do whatever your heart desires. We are being told that the population is living far longer these days, so theoretically, we should all have a nice long time to kick back and relax.
Aside from the usual ‘enjoy yourself’ and ‘spend time with your family’ ideas, the most common theme running through people’s lists of how they spend their retirement was houses. Quick Move Now looks at the top five property ideas to keep you busy when you retire.
Buying a smaller home once you retire can free up some capital to help you enjoy your retirement to the maximum. Once you leave work, you are suddenly free to choose exactly where in the country – or indeed the world – you would actually like to live. Just remember not to downsize too much if you move to the seaside as you will need plenty of room for visitors!
When you are working around the clock, there seems little time for anything else, especially rest. So when those precious days off do arrive, many people shy away from the idea of DIY. Getting your teeth into a renovation project could prove to be the perfect thing to while away the days though as you ease yourself slowly into retirement.
- Buy a holiday home
Whether it’s a caravan on the south coast or a villa on the Algarve, with more time to spend on holiday once you retire, a holiday home is our favourite way to spend your hours and your money.
- Move to within easy reach of a city or town centre
This is one of the more serious issues to consider with regards to your home once retirement arrives. With moving costs so high, people don’t want to be upping sticks too often, so considering where you want to be in the long run, particularly when you no longer drive, is always a good idea.
- Buy a motorhome
Retirement provides the perfect opportunity to pack your bags and head off on a road trip. Buying a holiday is all very well and good, but sometimes you may want to experience the open road and not be tied to the same place. Buying a motorhome gives you the freedom to explore whenever and wherever you want.
There is no longer an official retirement age, and the age at which you can now claim your state pension ranges from 61 to 68, depending on whether you are male or female and what year you were born.
According to a government website, we get ours in 2047. That may be a few years away yet, but we are going to start planning those retirement renovations now and we think we may have a few ideas on where we would like that holiday home to be…
Quick Move Now is the UK’s leading buyer of residential property. If you need to sell your property at retirement, and would like a hassle-free sale with no worrying about arranging viewings or the sale falling through, find out more information here.