3 minute read

How Downsizing Helps Your Health and Your Wealth!

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Downsizing to a smaller home has numerous benefits, especially as you approach retirement age. Not only does it reduce housing costs, but it can also increase your financial stability, simplify your life, and even improve your mental and physical health.

Studies have shown that downsizing to a retirement village can lead to less stress, more free time, and improved mental well-being. The University of Missouri, Columbia found that people who live in smaller homes have a greater sense of control over their lives. They also found people to feel less stressed than those who live in larger homes.

One of the best options for seniors looking to downsize is a Lifestyle Community. These communities offer a wide range of benefits that can promote physical and mental well-being.

1. Active Living

Lifestyle Communities® are designed to promote an active lifestyle. Many communities offer a variety of activities such as fitness classes, swimming, and tennis. These activities not only provide a great way to stay in shape, but also provide social opportunities to meet new friends and stay engaged.

2. Safety and Security

Lifestyle Communities® often provide a sense of security and peace of mind. Many communities have security personnel on site, and homes are often equipped with emergency response systems. This can provide a sense of security for those who live alone or have mobility issues.

3. Convenience

Lifestyle Communities® are often located close to shopping, medical facilities, and other amenities. This can make it easy for seniors to access the services they need. Additionally, many communities offer transportation services, which can make it easy to get around.

4. Socialising

Lifestyle Communities® are designed to promote more social interactions. Many communities have common areas where residents can gather and socialise. This can be a great way to meet new people and make new friends. Additionally, many communities have clubs and groups that residents can join, providing even more opportunities too socialise.

5. Maintenance-free Living

Lifestyle Communities® offer maintenance-free living. This means that the community takes care of the upkeep of the common areas and the exterior of the homes. This can be a great relief for seniors who no longer want to spend their time and energy on home maintenance.

6. Access to Medical Care

Lifestyle Communities® are located in Melbourne, Victoria. Who specialise in over 50's living communities which are in great locations. They have access to great medical facilities in close proximity to the communities.

Similarly, older adults who downsized their homes have reported better physical and mental health, stronger social networks, and a higher quality of life. According to experts in geriatric medicine and ageing, downsizing can reduce the physical demands of maintaining a larger home. Experts also suggest that it provides a safer living environment, and boost social engagement and support.

Downsizing to a smaller home can also lead to financial savings. It typically results in a smaller mortgage or rent, lower property taxes, insurance, and maintenance costs. This can free up more money for travel or leisure activities. Selling your larger home it can even provide a boost to your finances which can be used to pay off debt. As well as invest, or purchase a second home.

In addition, downsizing to a smaller home can lead to a more minimalist lifestyle, which can save money on household expenses and reduce stress. By choosing to downsize to a Lifestyle Community, you can also enjoy a more social and active lifestyle. On-site community managers help organise variety of amenities, events, clubs, and activities.

Overall, downsizing is a smart decision that can improve your finances, simplify your life, and boost your mental and physical health.

Contact Lifestyle Communities® today! To learn more about how much you can save by joining Lifestyle Communities, and all the benefits of living in our retirement living communities call 1300 50 55 60.

Or go to the Lifestyle Communities home page now!