What to do if you’re considering the idea of downsizing, buy or rent?

Once the children have flown the nest, there is lots to consider and think about. One thing that is quite often at the top of the agenda is downsizing. SA Law Partner Steve Kenneford examines the pros and cons of buying a new home versus renting.

Tue 14th Jan 2020

Regardless of what stage in life you are considering moving home, whether you're a first time buyer or a seasoned-mover; it is a daunting process and there is constant debate over whether buying or renting is the best thing to do. One thing is for sure, when you’re considering downsizing there are several advantages and disadvantages for both.

Steve Kenneford explores the options and the key considerations for downsizing your property including:

Buying a smaller property
Purchasing a flat
Taking out a mortgage
Renting
Inheritance tax
Staying put

Click here to find out which option might be best suited to you and your lifestyle needs and wants.

CONTACT STEVE

If you would like more information or advice relating to this article or a Residential Property law matter, please do not hesitate to contact Steve Kenneford on 01727 798050.

A very hard working team which always assists and guides us to obtain the best possible results.

Legal 500

Views & Insights

What to do if you’re considering the idea of downsizing, buy or rent?

SA Law Real Estate Partner, Steve Kenneford examines the pros and cons to downsizing and whether you should buy or rent.

Views & Insights

Buying a retirement home – What you need to know

Andrea Tankel explains what you need to know before buying a retirement home.

Views & Insights

Matrimonial Conveyancing: Who should sell the house?

Marilyn Bell debates what the options are if divorce proceedings result in the family home having to be sold - which solicitor is going to act on the…

They are very thorough, and we are always able to speak and discuss things with them during the course of the matter.

Chambers & Partners

Top ten tips for leaseholders

Partner, Gary Dunger explains his top ten tips for leaseholders.

They're very reliable and efficient, and we always have a good level of communication and dialogue on an ongoing basis between us.

Chambers & Partners

Views & Insights

Did you know letting out your home could breach your lease?

Property Litigation Consultant Amy Sevier explains the potential legal implications of hosting on Airbnb when you own a leasehold...

Views & Insights

Buy to Let – Top Ten Tips

See our advice on Buy to Let and how we can help you.

Join our mailing list

Want our latest views & insight along with exclusive event invitations and much more sent directly to you? Discover our Knowledge Share newsletter

© SA LAW 2024

Every care is taken in the preparation of our articles. However, no responsibility can be accepted to any person who acts on the basis of information contained in them alone. You are recommended to obtain specific advice in respect of individual cases.