There are many reasons to consider downsizing from a larger property to something a little smaller in size.
Large gardens that need lots of work, high energy bills, on-going maintenance and repairs, unused rooms and more cleaning are just some reasons people look for a change of scene.
A lot of the time the idea to downsize is triggered by the fact that children have grown up and left the family home, and as they approach retirement, leave mum and dad with more room than they need.
More recently, reasons that have prompted home owners to make that move is to release cash or equity tied up in the bricks and mortar. This is then used to perhaps boost the retirement fund, help children pay for university fees or even help them buy their first home.
Although the idea of trading down can be a difficult one, the benefits it brings do, according to property experts, far outweigh any preconceived disadvantages.
Bath-based downsizers looking for a change in lifestyle or who want to move into something more manageable are now being advised to check out a series of penthouses at Bath Riverside, the brand new development located on the south banks of the River Avon.
The first thing to note for those who may be a little concerned about moving into a property that may be considered smaller than a traditional family home should not be deceived into thinking that a home at Bath Riverside means a compromise on space.
The oversized properties are unlike anything else in the city and have plenty of room.
Close to the city-centre, residents can walk to all the shops, cafes and local amenities, and means they don’t necessarily need a car to get around.
For those who are perhaps considering travelling a little more in retirement, these properties are the ideal lock up and leave.
Access can be gained via the internal lift and provides owners direct entry to the fifth floor from the underground car park or the ground floor entrance, making them safe, secure and very private.
And with all properties built to the latest environmental standards means they are a lot more energy efficient which can significantly reduce utility bills.
Alastair McKee of One 77 Mortgages says downsizing isn’t just for people in retirement but for a host of home owners looking to move for a variety of reasons.
He said: “Bath is well-known for its period-styled town houses and Georgian architecture so the recent cold weather we’ve experienced will have made quite a number of people reconsider where they might want to live.
“As you’d expect with a new property they are very energy efficient so are easier to heat. They also come with the latest modern appliances.
“Once you’ve used the lift up to the top floor and then stepped in through the front door of these penthouses there are no stairs to negotiate. This is always a big consideration for those looking to downsize.
“For those whose children have left the family home might not want so much space so a move to something that’s a little more manageable might be the prudent thing to do.
“It means less maintenance, less decorating, less cleaning and more time to do the things you want.
“And with everything on the doorstep from the development makes Bath Riverside the development of choice for anyone looking to downsize.”