Downsize in style and release money for retirement!

By Sally - Silversurfer's Editor May 3, 2023

Residential park home bungalows are fast becoming a popular option for silver downsizers, providing an opportunity for equity release and a ready-made community of like-minded people.

According to park home industry specialists Quickmove Properties, downsizers to a modern over 50’s residential bungalow park could release on average a staggering £128,000* of equity. Buyers often mark their move by booking the holiday of a lifetime, buying a brand-new car, gifting to family or simply investing the cash for retirement! Could this be you next?

What is the appeal of the modern park home lifestyle?

When downsizing (or ‘right-sizing!’) to these smaller, more manageable single-storey properties, residents immediately benefit from an increased sense of security and privacy. Park home developments offer a friendly, relaxing environment that’s free from traffic, noise and antisocial behaviour. Many developments have wardens on site who look out for residents and their homes, while residents make new friends through active social clubs, community activities and events.

Unlike many retirement housing options, most residential parks allow grandchildren to visit and stay. They are also usually pet-friendly and in picturesque countryside or coastal locations, making them perfect to move with your furry friends. These locations provide open spaces, walking routes and rural areas right on your doorstep, so that every day can feel like a holiday!

Energy efficiency to beat the cost of living crisis

Modern, state-of-the-art park bungalows also promise lower energy usage vs. traditional houses. According to a 2022 survey, over half of park residents replying estimated their energy bills were at least 30% lower after downsizing! This is due to the modern construction techniques using sustainable materials to BS3632 standard, excellent insulation and low-energy-use heating systems. A well-maintained park home can last a lifetime and specific guarantees are included such as a 10-year Goldshield roof warranty.

In addition to low energy costs, brand-new park homes are turn-key ready, with no need for updating, decorating, or buying new furniture.

Expect a hassle-free move

If you’re considering a move to a park home bungalow, Quickmove can find the perfect park and ideal home to suit your needs. And if you’re nervous about the stress and uncertainty of selling your existing home on the open market, Quickmove’s Property Part-Exchange scheme is a great option, allowing you to secure your dream park home without estate agents, chains or the risk of the transaction falling through. You even get to keep the keys to your existing home for two weeks after completion, so you can take your time moving.