Prince Charles (69) currently lives in Clarence House with his second wife Camilla (70), a smaller building on the grounds of St. James Palace, not far from Buckingham Palace. The idea of having to upsize to Buckingham Palace does not appeal to the Prince at all, according to Hello!.
Prince Charles does not want to live in Buckingham Palace. As a source told Hello! that Charles is of the opinion that maintaining Buckingham Palace is not possible in the long run, especially taking both the environment and the cost into account. Instead, he wants to open the palace to visitors and have it redesigned as a museum, with exhibitions about his mother's reign.
Buckingham Palace is currently being renovated at a cost of around £370 million. This work is expected to take a whole decade.