The Benefits of Renting in Retirement

A sponsored blog by McCarthy Stone

Whether you have plans for an active retirement or a quieter life by the coast, renting in retirement can be a great option—particularly if you don’t want to commit to owning a home. Renting can help seniors achieve their retirement dreams with a degree of financial freedom and often the process is a lot quicker too. This makes renting in retirement the ideal option for those who want to move into their new home sooner rather than later.

As one of the UKs largest retirement rental providers, McCarthy Stone offers retirement homes for rent as well as for sale or shared ownership - and the unique benefits of retirement rental properties make them an ideal option for people who don’t want the commitment of ownership.

Should I rent in retirement?

Choosing to rent in retirement can be a savvy decision. If you’re looking for an alternative to buying a retirement home, discover seven reasons why you should rent a home in retirement instead.

7 reasons you should rent a home in retirement with McCarthy Stone

1. A fast and flexible move

With fewer logistics involved in renting a retirement property, you’re able to move in—or out—more easily.

Moving into a rental retirement property is usually quicker than buying a home as there’s no need to wait for drawn-out sale and purchase processes. Once you’ve reserved a property, McCarthy Stone aims to provide a quick turnaround time between the necessary checks and your rental agreement. All being well, you could move into your retirement home within a couple of months!

2. Reduced maintenance

Unlike owning a home, with a rental retirement property, many maintenance tasks are taken care of. All those odd jobs, like fixing a leaky tap, or bigger issues like a boiler breakdown, become someone else’s responsibility. Help is a phone call away and any problems are swiftly sorted for you.

In a retirement rental, it’s unlikely you’ll be responsible for:

• The gardens and grounds
• Gas and electricity safety checks
• The outside of the property
• The interior décor
• Fixtures and fittings
• Potential risks or hazards (e.g. loose handrails and cracked bathroom tiles)

It’s worth noting that different retirement rental properties offer different levels of maintenance support, so be sure to ask what your chosen property includes.

3. On-site amenities included

If you choose to rent in a McCarthy Stone development, you’ll also have access to communal areas, such as a lounge and garden. These shared areas enable you to enjoy a change of scenery and socialise with others.

Alongside access to communal areas, McCarthy Stone’s Retirement Living PLUS developments provide an on-site bistro or restaurant and one hour of domestic assistance per week.

4. More money in the bank

Selling up and moving into a rental property can free up additional capital. For many seniors, this provides a financial safety net and/or a means of affording a more luxurious lifestyle—allowing them perhaps to travel or take up new retirement hobbies.

5. Freedom to move

Want to swap city living for retirement in the countryside? Renting allows you to do so with ease. Unlike when you buy a home, renting in retirement means you’re not tied to a single place. You can end your tenancy and move to a retirement home in a different location.

6. Hassle-free budgeting

With a single monthly payment, renting in retirement makes it easy to manage your outgoings. There’s no maintenance costs or service charges to worry about - so you know everything’s covered and how much left you have to spend. Whether that’s money for a new fitness activity or a special meal out, renting gives you full control.

7. Peace of mind

McCarthy Stone retirement rentals are protected by an Assured Tenancy Agreement means you can stay for as long as you like (subject to the minimum term). So, whether you want to try out the lifestyle to see if it’s right for you or relax and enjoy the lifestyle with newfound friends – the choice is yours.

McCarthy Stone offer a range of rental retirement properties at stunning locations across the country. Swipe through the brand new apartments now available to rent.

Rent in retirement with McCarthy Stone

Are you ready for the financial freedom that comes with renting in retirement? Start your search for a McCarthy Stone rental retirement property now.

Contact Autumna

Do you have a question about renting in retirement? Contact Autumna's friendly team today to find out more about your options on 01892 335 330.