Being fond of our homes is one thing, but being unwilling to move when down-sizing is sensible, both financially and practically, is another.
With recent surveys revealing that two-thirds of UK homeowners (62%) experience an immediate sense of ‘dread or nervousness’ at the thought of selling a property, and demand for houses at an all-time high, giving people more support to help them downsize may be more important than we think.
Emma Thompson, Head of Residential Property at Jones & Co Solicitors said:
“It’s understandable that more than four in five of us are emotionally attached to our homes, but when this means living in a house that may now be too big, or if the owners can no longer afford to look after it, this can cause more financial and emotional stress than we realise.
“Moving house is one of the biggest things we ever do, and it’s inevitably a huge step to take, but with the right advice and good planning, it can also be one of the best things we ever do. In the case of older people whose children have flown the nest, it could free up money for other things, lead to more financial security and make life easier.
“Change doesn’t need to be a bad thing. It shows we’re willing to try new things and open to new experiences, and for many homeowners it could mean a home that’s easier to manage and lower utility and council tax bills for starters.
“Making a list of all the things you could gain by moving house could be a good starting point. From having less rooms to clean and money to spend on holidays, to a fresh start and a new home to make your own, there are always upsides to any life change.
“At Jones & Co, our experienced team of residential conveyancing solicitors ensures that every property transaction runs as quickly and as smoothly as possible, whether you’re buying or selling a house. With the right support in place, it’s entirely possible to make a house move much more straightforward than you may think.”
For details of your nearest Jones & Co Solicitors’ office, or to make an appointment with one of our residential property team, please contact us.