Older owners don’t downsize and many don’t touch kid’s bedrooms when they have moved out

The majority of home owners aged 55 and over would never consider downsizing and many remain so attached to the family home they don’t change their children’s rooms when they move out. New research reveals that 62% of older home owners say they would not consider selling and moving to a smaller home despite the fact they could free up a lot of cash by downsizing. The study from equity release firm SunLife, suggests that it may be because of attachment as it also found that 75 either never redecorate their kids’ old rooms or wait at least a year. But one in 50 wait less than 24hours before changing things.