As life moves on, so do our needs, and so should our home. If you’re starting to dream about a change of scenery or a slower pace, it’s likely that you’ll be looking for a home that complements your new lifestyle. And that’s what rightsizing is all about. So, let’s take a closer look at what this could mean for you…
What is rightsizing?
Whereas downsizing is about moving into a smaller home to reduce costs or maintenance, rightsizing is all about finding the optimal space that fits your lifestyle and needs. It isn’t always about necessarily moving to a smaller property; you might rightsize into a larger home that better suits your lifestyle and future plans. It could mean moving into a similar-sized home that is configured differently to suit your changing needs, such as fewer but larger bedrooms, a smaller kitchen or more reception rooms. Or perhaps you’re looking for somewhere that’s more energy-efficient, closer to your family or the open spaces that you’ve always wanted to live near?
Why do people choose to rightsize?
There are many different reasons why people choose to rightsize. Most likely, you’ll be at a time in your life when your current house no longer matches your needs or lifestyle. Perhaps your kids have just flown the nest, or you’ve recently retired; you could now find yourself with too many bedrooms or areas of the house that you just no longer use. Perhaps you’re looking for more outside space, or to get out of the city and into a more relaxed pace of life somewhere closer to the countryside or the coast. Or perhaps you’re living in an older property that needs updating regularly, and you’d prefer to find a modern home that requires no costly and stressful renovation or repairs.
How to rightsize right…
Assess your current and future needs
The right property should complement your current lifestyle, so think about what that actually means. It’s also important to consider how your needs may change over the coming years, so you can incorporate that into your wishlist too.
Do you see yourself slowing down from work? Spending more time with your grandchildren? Will you be hosting regular family get-togethers? Perhaps you’d like to move somewhere that is more amenable to your hobbies and passions, such as countryside walks or playing golf. Would you like to scale down on cleaning and house maintenance? These are all good questions to ask yourself.
Identify your ‘must-haves’
Now think about the features in a home that will accommodate the various aspects of your new lifestyle. Is energy efficiency important to you? What kind of layout would best suit your new lifestyle? Do you want bedrooms with en-suites, fewer reception rooms or an open-plan layout, for example? Do you need a home office or a garage or shed to practise your hobbies? Would you welcome a smaller kitchen or a more manageable garden? Do you want a space for entertaining friends and family?
When thinking about location, what amenities do you want to be close to? Will you value being near places where you can enjoy outdoor life, such as golf courses, the beach or open green spaces to walk the dog? Do you want to be closer to family or have access to good transport links? Once you have your list of must-haves, you’re in a much better position to find the right new home.
Set a realistic budget
If you’re approaching retirement or semi-retirement, you may prefer not to take on additional financial pressure, so it’s important to set a budget that feels comfortable for your lifestyle. The right home should check off as much of your wishlist as possible without straining your finances. You could start by getting your current house valued to get an idea of your budget so you can start looking at homes within it.
New build homes combine smart layouts and energy-efficient features, making them an excellent choice for rightsizing. Plus, Peter Ward homes come with a range of help for buyers, including schemes to make securing your new dream home even more affordable. Our Ready to Move In homes also feature added incentives such as 5% deposit contributions* and floor coverings*.
*Selected plots only, terms and conditions apply
Why are new build homes great for rightsizing?
Less maintenance = more living
Older homes can often require more upkeep – particularly if they haven’t been recently updated. Hours of DIY and expensive repair bills might not quite be what you have in mind for your next chapter. New build homes like ours, however, are built to the latest standards and come with a 2-year builder’s warranty plus a 10-year structural warranty. This gives you added peace of mind and helping to reduce the likelihood of unexpected repairs or maintenance costs, leaving you free to enjoy your new life in your new home.
Energy efficient = cheaper bills
From quality insulation and high-spec double-glazed windows to low-flow showerheads and A-rated appliances, the latest energy-efficient measures included in new build homes translate to real savings on your utility bills.
The latest figures from the Home Builders Federation (HBF) suggest a yearly saving of £420 on energy bills for the average new-build homeowner compared with those living in older properties.
Brand new = more comfortable
New build homes are built with modern living in mind. That means well-designed layouts that optimise space and flow, contemporary bathrooms, and kitchens with modern appliances. So, at a time when you’re looking forward to life slowing down a little, you’ll have the ultimate space to enjoy it with those people (and pets) who you love the most.
Rightsizing is all about finding the right space for you and the upcoming chapters in your life. Whether you’re looking for a different layout to suit your smaller household, moving closer to family and friends or finally getting that garage for your bikes, we could have the perfect home for your rightsized move.
Take a look at our Ready to Move In homes and get in touch to arrange a viewing.