Renting in later life
Birchgrove, the specialist developer of retirement homes for people over 65, creates contemporary and beautifully designed 1, 2 and 3-bed self-contained apartments in purpose-built properties in London, Kent and Surrey. On-site communal facilities are extensive and include a club room, restaurant, licensed bar, wellness suite, and much more.
Underlying Birchgrove’s business model is a belief that the current housing options for people over 65 exclude a large section of those who don’t want to manage another house purchase – and therefore assisted living for rent is the missing piece of the housing puzzle; not right for all, but perfect for some.
Renting in later life provides flexibility and numerous benefits. The appeal may not be immediately obvious to those accustomed to home ownership, but for a variety of people and reasons it can uplift your whole quality of life and be liberating.
Another reason rental is popular with older adults, is many have already built their wealth. They see a lot of money going into the maintenance and repair of their family home and think that money could be put to better purpose. Perhaps into retirement funds that benefit the family or using it to enjoy a better quality of life. So, whilst some argue that paying rent is throwing money down the drain, the truth is this more applies when you are building your wealth. Late renters have a different perspective, they are working out the best way to disperse their accumulated funds and planning and preparing how best to enjoy their future years.
Unique to the Birchgrove offer is its inclusive rental model which covers electricity, water, heating, broadband & WIFI, buildings insurance, buildings maintenance (e.g. plumbing) line rental and telephone calls, security, general maintenance, rubbish collection, 24hr emergency aid, window cleaning and weekly housekeeping. And that’s not all!
The inclusive rent also provides access to the Moveasy service from the Senior Move Partnership, providing personalised support to help you plan and manage your move from your very own Senor Move Manager. You will also have access to a financial planner to assist you on how best to fund your move to Birchgrove.
There are of course many advantages to buying off plan. Peter, a retired director, thinks renting his two-bedroom apartment at Ayrton House, Mill Hill is the best decision he’s made. As he explains “We decided to sell the house and rent somewhere so we could release capital to our children. What persuaded us to rent was we found people had bought flats and then died leaving their families struggling to sell their parents’ flat because people could buy brand new at the site next door. My wife and I fell in love with Ayrton House. We bought early off plan, so we could take our time to plan the furnishings of our apartment to exactly how we wanted it.”
To find out more about Birchgrove and to explore your options, please contact the team on 020 3929 5599 or visit www.birchgrove.life