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.