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Why Choose Retirement Housing To Rent?
Convention dictates that in your retirement years your accommodation options are limited to home ownership. But we believe that the opportunities offered by rental properties or apartments in communal settings in your retirement years are substantial
In recent research commissioned by the BBC and facilitated by the Elderly Accommodation Council, re-sale prices for retirement properties have found to fall by more than 50%.
51% of retirement properties built and sold between 2000 and 2010, and then sold again between 2006 and 2016, suffered a loss in value that was 17% on average.
The EAC also found that for new build retirement properties sold between 2005 and 2007, and then resold between 2012 and 2014, 80% had an average loss of in value of 25%.
The trend continues with 60% of retirement properties sold between 2008 and 2010, then resold between 2015 and 2017, were sold for less than the purchase price.
Retirement Apartments To Rent
At this stage in any retirement, financial certainty is paramount, and you’ll want to feel safe and secure in the knowledge that you are in control of your assets.
In any case, many retirement properties are in effect leasehold and not freehold, meaning they differ little from rental schemes but have marked differences in their costs.
Purchase prices tend to be higher than equivalent leasehold flats and you may only be able to sell back to the developer or freeholder, at their valuation.
There are also generally ‘exit’ fees from such retirement homes that can range from 5% to over 25% of either the original purchase price or the current estimated value, plus stamp duty and legal costs that equate to a significant premium for a purchase – money you and your family will never get back.
Most leasehold purchases also have service charges and maintenance costs – month in, month out. You didn’t pay these when you bought your family home, so why pay them on your retirement home?
What Do Our Residents Have To Say About Retirement Housing To Rent?
“I would encourage anyone considering a move to The Hawthorns to not leave it until it is too late, to be able to enjoy the community and lifestyle to the full without the worries of daily chores. Renting out my existing property has given me the flexibility and choice to try the lifestyle out and to return home at any time, but five years later I am still here!” Margarita Hayes
The all-inclusive rental package has surpassed all our expectations, and gives freedom of choice with no worries of having to sell your retirement property. We never feel lonely as there’s always someone to talk to, and we would certainly recommend The Hawthorns, as we have never regretted moving here.” Mr and Mrs John Webber
“We like the inclusive model as it makes budgeting easier, and it’s nice to come home to a lovely three course meal after going out on a shopping trip. It’s all pleasure now, not chores, and a place to make new friends.” Mr and Mrs Brian Hennessy. The freehold ownership argument is clear, just look for clarity and the ability to change your mind at any time without cost penalty, and where there isn’t so much small print.
Can I Rent In A Retirement Village?
Can you rent in a retirement village? Simply put, the answer is yes. And with our all-inclusive rental retirement fee, it’s never been more straightforward, transparent or flexible to do so.
Residents who choose to reside in one of our rented retirement apartments experience an independent and active way of life. Our rental fees are designed with simplicity in mind, allowing residents to budget in their retirement years, in the full knowledge that our all-inclusive rent is just that.
Our single monthly retirement rental charge, fixed for 12 months, eliminates all the stresses and strains of daily life, meaning no more worrying about those irritating maintenance jobs you keep putting off or those bills that need paying. Our rental pricing simplifies your life and lets you concentrate on the things that matter most.
One Simple, All-Inclusive Monthly Charge
Not only is our pricing transparent (with no hidden maintenance costs or exit fees like many other retirement villages), but our rental agreements are also very flexible, with just 30 days’ notice required should your circumstances or needs change.
In our rental retirement villages, all you have to take responsibility for is your personal telephone bill, your TV package and licence and contents insurance cover.
We do levy a small community charge which is an up-front, one-off payment, for the preparation or redecoration of your apartment, which includes the deep cleaning or replacement of carpets and other furnishings.
Our flexibility even stretches to allowing you to spend one week a year (subject to availability) free of charge at one of our other sites, which currently include Braintree in Essex, Eastbourne in East Sussex, Clevedon in Somerset and most recently, Northampton.
At The Hawthorn’s Retirement Living villages, we believe that there has never been a more convincing argument to rent in your retirement years, and that for too long retirement property developers have not been honest about the pitfalls of purchasing property outright.
If you think one of our rental retirement villages may be the right option for you or a loved one, call our team now for a chat. You can also drop by any of our sites and experience for yourself what a thriving retirement village feels like.
01275 790060 
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