Getting ready for retirement? Just because you’re retiring from work doesn’t mean it’s over. In fact, this is the perfect opportunity to get started on your dream project. Have you dreamed about owning your own plot of land? Have you ever fantasised about building your own house from scratch? Well, it’s the perfect time to seize the opportunity. Plenty of retirees use their retirement to finally fulfill a lifelong dream. If you’re not entirely sure what you want to do, here are some suggestions on how you can prepare for retirement.
Build Your Dream House For Your Family
According to the ‘Self-Build and Custom Build Housing (England)’ by the House of Commons Library, the UK has a “lower rate of self-building than other European countries.” The main reason for that is land is in high-demand in the UK. However, without a doubt, there are thousands of people in the country who dream about building their own home.
If you have no experience as a builder or knowledge about self-building, the task of building your own house can seem colossal. However, during your retirement, you have the time to learn, develop your knowledge/skills and make a plan of action.
Buying land to self-build is getting easier and thanks to information about land buying being so accessible online, you can learn a lot from your computer. You can get a lot of common questions answered like “If you buy land can you live on it?” and “What are the pros and cons of buying land with planning permission?”
Use your retirement to finally make your dream house into a reality.
Make An Investment
As land is well sought after in the UK, you could consider buying land as an investment. Your investment could provide more money for your retirement or provide a healthy inheritance for your loved ones.
To help you find land that is a worthy investment, you need to access your land options with a critical eye. The land you buy needs to offer value.
Have you found land that could be used as a plot for commercial house builders later on or be the perfect location for a growing business? Land with excellent transport connections and nearby services are always sought after. If you’re struggling to assess the potential value of a land plot, consider hiring the services of a land agent; their experience makes them a valuable advisor during a land purchase.
After you’ve bought the land, you can sit on it (wait for its value to increase) or invest time into renovating it.
Grow Your Own Produce
If your house doesn’t have a garden or a large amount of land, then it can be a struggle to explore any new hobbies.
Having your own patch of earth gives you the chance to grow your own produce. You can grow your own vegetables and fruit.
There’s really nothing more rewarding than being able to eat the food that you’ve grown for yourself. Unlike buying vegetables from the supermarket, when growing produce on your own land, you know for sure exactly what has been used to grow them.
Keep Your Own Farm Animals
Buying your own plot of land offers you more space to look after animals. If you’ve dreamed about having your own horses, goats, cows, chickens or another animal (maybe an ostrich or even a llama) then having your own land gives you the option. Half a dozen acres of land is perfect for a horse to graze or to let your goats roam free.
There are plenty of options available to help you prepare for retirement.
How To Guarantee Your Retirement Project Goes To Plan...
If you're new to buying or developing land, it's understandable the concept of buying your own plot can feel daunting. To help you find the best land, we've create a free, downloadable guide that provides insider advice on how to approach land buying in the UK.