Downsizing Is Latest Home Owner Trend

NORTH YORKSHIRE, U.K. - July 26, 2016 - PRLog -- Once the children have flown the nest and retirement beckons homeowners are reaping the benefits of downsizing and releasing the capital tied up in their property. And, in a recent survey by Zoopla, it was discovered that almost half of homeowners are looking to downsize within the next three years securing a windfall on average of almost £120,000.

With this in mind, new home builders are well placed to help those looking for properties to downsize too.  Whether looking for a property that requires less maintenance, less square footage or less stress, buying new can help deliver these in abundance.

"We have a great range of properties across the region that support the ever increasing downsize market with apartments, detached homes and executive homes which still may represent a downsize for those at the higher end of the property market," commented Steve McElroy sales director Miller Homes Yorkshire. "And, with a range of purchase incentives to support this including our home exchange scheme there is a plethora of options open to those looking to downsize."

The house builder's Home Exchange scheme is ideal in that it allows buyers to exchange their old home for a brand new Miller one even when their new home is lower in value*.

And, with three quarters of downsizers expecting to profit from their move, and 35% saying they plan to reinvest the proceeds into a new home, a brand new home, can be a very viable option.

"Downsizing is very positive for the housing market and ensures that homeowners are able to have a brand new home to enjoy as they head towards retirement," said Steve. "And, as a nation we are living longer, it seems that the older generation is ensuring it is well placed to enjoy life to the full and why not!"

Apartments also make a superb option for those downsizing and there is a selection available currently priced from £89,995 at the housebuilder's Stonebridge Fold development in East Ardsley and The Meadows at Ollerton, both of which are nearing completion.

Further information on these and all other properties available in the Yorkshire region can be found by visiting www.millerhomes.co.uk/yorkshire or calling 03331 309883.