Over-65s ‘Invest In Home Improvements For Retirement’

By December 21, 2017 No Comments

If you are approaching retirement and are exploring investing in new sash windows for your Essex property then you are part of a trend.

According to a Key Retirement survey published in the Daily Express, householders over 65 are investing in bringing their homes up to scratch in preparation for when they finish work and begin the next chapter of their lives.

Indeed, the average spend on home improvements to ready a property for retirement is reported to be £10,400, with projects such as installing downstairs bathroom facilities and adding handrails to make moving about the house easier proving popular.

Moreover, investing in major garden work which could make maintaining the outdoor space of a property easier in future, is another wise choice many silver spenders are making.

One in eight over-65s plan to spend up to £20,000 ensuring they can continue living in their own homes throughout their retirement years, and to ensure they can do so safely, one in ten are building extensions for live-in carers and relatives to help them live as independently as possible.

Chief product officer at Key Retirement Dean Mirfin was quoted by the newspaper as saying: “Growing numbers are funding the improvements by dipping into their property wealth using an equity release scheme.”

Investing in new sash windows is a great way to help safeguard your gas and electricity spend on heating your home if you are retired.

The Yorkshire Post recently reported that the insulating properties of wood mean a traditional timber-framed sash window is still an effective choice for a warm home – especially if the window is double-glazed.