The Office for National Statistics said the number of over-65s is projected to grow twice as fast as the working-age population over the next 10 years.
It is common knowledge that older owners’ have properties bigger than they need & as a result their life’s savings are in a way blocked in them. There is also the question of being able to effectively manage & many times modernise these properties.
Statistics say about 40% of owners aged 65 & above are actively considering downsizing – a number which is going up.
Roughly on an average, owners aged 65 and older release £80,000 each when they downsize.
There are many options available when you downsize.
Generally, retirement housing means small uninspiring homes or housing which is not suitable. This puts off a lot of people who would like to downsize to nice, modern bungalows & also have access to necessary infrastructure, facilities & support as needed.
Many retirees also like to fund their children on to the property ladder & unless they have special purpose-built housing options – they remain stuck & there is permanent block in the situation.
A very big criticism of park homes is that they are very close together & there is no sense of privacy or space.
But all that has changed massively.
The park has come a very long way from those years though. The homes used to be vastly different in those years from what they are now.
It has grown to be a luxury residential park home development with fancy luxury bungalows but the inherent feeling of community & camaraderie has still remained the same
We all know each other & spend a lot of times with our friends & neighbours in the park.
Ruth, resident Cranbourne Residential Park
Our residential parks are purpose-built & ensure that you get your parking next to your home, your garden space & the homes are modern, furnished plus the kitchen has integrated appliances & the bathrooms are modern with showers & can be customized as per your needs & choices.