Many people often want to release equity from their home or downsize to a smaller property when they get older, as their housing needs often change.
One option is to buy a retirement home. Many retirement properties allow residents to live as independently as they want, with the peace of mind of knowing that care and support is available 24 hours a day, thanks to the assisted living facilities available.
Most retirement homes also offer resident friendly features designed to cater specially for the needs of the retired and help maintain freedom and quality of life. The security of a retirement community can also come with a enjoyable social lifestyle that comes with communal living.
An increasing number of new home developers now work closely with care trusts to build housing designed specifically for older people - reducing potential problems that people can sometimes face in later life.
Santuary Housing, part of the Sanctuary Group, one of the leading UK housing providers, is currently offering twenty retirement apartments for sale in Sheffield, each with two bedrooms and communal facilities.
The Sanctuary Housing are offering new care homes at Roman Ridge with a choice of buying options, either on an outright sale basis or a part buy/part rent basis, making these new homes affordable. Whole ownership starts from £105,000.
Click here for further information about Roman Ridge.