Getting on the level with downsizing

A bungalow by the sea is not the only choice for retirees, says Kirsty Mcluckie

Decades after the baby boomers acquired their first properties, this demographic group is one of the most active players in the property market as they settle into their retirement years and start to consider downsizing.

But the decision to trade a larger family home for a smaller one requiring less maintenance and cheaper running costs is one of the biggest that older homeowners face, and with growing numbers preparing to make the move, there are many factors to consider.

From property type and location to convenience and hassle-free living, there is plenty to juggle when finding the ideal smaller home.

Identifying exactly the right property, whether the downsizer wants to free up capital or just improve their quality of life, is crucial to making the right move.

By popular convention, moving out of a large family home means taking up residence in a bungalow by the sea, and while such a move is still popular, it won’t suit everyone.

While some may picture themselves pottering in the garden, others see retirement as an opportunity to travel, in which case a house with extensive grounds could become a burden.

Equally, choosing a place where you’ll feel relaxed, enjoy the surrounding scenery and become part of the local community is essential, whether it’s beachside, a country haven or a sophisticated city hotspot.

And relocating to a new area, away from family and friends, can be an unsettling experience, particularly if you are suddenly thrust into a much quieter pace of life than you are used to.

Barratt Homes reports that rather than the stereotype of retiring to the countryside, downsizers are showing great interest in its city developments, particularly in the North East.

The developer’s Ocean development, close to Aberdeen beach, is much sought-after, thanks to the picturesque views of the coastline and access to local amenities.

Retiring couples are opting for one and two-bedroomed apartments, complete with balconies, that are a far cry from a simple bungalow.

Likewise, Barratt’s Allan Park development in Cove and Westburn Gardens in the heart of the Granite City provide central locations and sea and park views.

Higher-level city apartments that were once less appealing to older residents are now much more attractive thanks to the accessibilty afforded by ample parking and lifts replacing stairways.

Modern ground-floor apartments with all rooms on the same level prove particularly popular with downsizers. Properties such as the spacious Rougvie at Allan Park, complete with an open-plan lounge, kitchen and dining area, master bedroom, ensuite shower room and storage, are priced from £184,995.

City-centre properties, including those in renovated granite Westburn House at Westburn Gardens, are ideal for retired couples or downsizers due to allocated parking, ground-floor access and the history and character of an older building.

A sense of community and the security of neighbours can be a boon if retirement offers the chance to spend more time away from home too.

Homes at Western Gardens are priced from £174,995, and have a traditional exterior, open-plan kitchen, dining and living areas, as well as large bedrooms, bathrooms and built-in wardrobes.

At Ocean, properties such as the two-bedroomed Curlew, priced from £195,995, enjoy lift access and come with bright interiors with large windows featuring spectacular views.