And you think it's time they downsized, where do you think they should go?
I'm still young ish but I've been thinking about this for myself and am finding that suitable properties don't really exisit:
- A nice small bungalow on a small plot. Likely to cost more than my house is worth, bungalows are often on large plots and when they do come onto the market are snapped up by developers.
- A smaller house. Round here the only small houses are either very rural (not ideal for elderly) or terraced starter homes in not very nice parts of town. I spent a lifetime moving away from those areas.
- A flat. Again, very risky in terms of who your neighbours will be and it matters more when they're so close. Plus a little outdoor space at home is more important if you can get out less?
- A retirement flat. Very expensive and seem to be full of financial pitfalls
- I even looked at "park homes", but no one seems to have a good word for them, financially they seem to be viewed as something of a scam.
Ideally I'd have a small but well appointed 2/3 bedroom detached dwelling with a little courtyard garden. It doesn't exist though.
Those of you telling parents they need to downsize, do the small yet suitable places exist where you live? Where do you envisage them going?