DOWN­SIZ­ING BEN­E­FITS

North Coast Weekender - - Invest or Nest -

FOR Aus­tralians over the age of 55 who are still liv­ing in the fam­ily home, down­siz­ing to one of the three Set­tlers life­style vil­lages can de­liver sev­eral ben­e­fits.

While the fam­ily home holds many mem­o­ries from the past, the size of the gar­den, as­so­ci­ated costs for util­i­ties and rates, and clean­ing can all be­come a bur­den for se­niors and their families.

Whether by choice or due to a change in cir­cum­stance, the sale of a ma­jor as­set such as the fam­ily home can help se­niors to ac­cess eq­uity and in­crease the cash re­serves, mak­ing life a lit­tle more com­fort­able.

Set­tlers life­style sales man­ager Cathy Ni­colle said down­siz­ing from a large, cum­ber­some and costly home opened up an ar­ray of op­por­tu­ni­ties for over 55s to com­mence a new chap­ter in life.

“Whether you are an empty-nester or some­one who is now liv­ing alone, down­siz­ing can rep­re­sent a new way to start a new life in a new home,” she said.

“It al­lows you free­dom to save money, en­ergy and re­sources, giv­ing you more time to live life to the full now.”

While mov­ing to a smaller, more man­age­able home pro­vided the chance to free up both cap­i­tal and time, it could also mean tak­ing stock of a life­time of col­lected pos­ses­sions and con­nec­tions to the fam­ily home.

“If you ap­proach down­siz­ing as a time to de­clut­ter and em­bark on a fresh new chap­ter in life, any neg­a­tive emo­tions of mov­ing of­ten turn out to be very short-lived when joys of a more re­laxed, un­bur­dened life­style take over,” Ms Ni­colle said.

There are three re­sort-style Set­tlers life­style vil­lages in coastal sub­urbs: Set­tlers Lake­side at Ravenswood of­fers homes from $295,000 to $395,000, Set­tlers Ridge­wood Rise with homes from $355,000 to $460,000 and Set­tlers Meadow Springs with homes from $275,000 to $380,000.

For more in­for­ma­tion, call Ms Ni­colle on 9537 7784 or 0439 911 152.

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