“Is Retirement Living For You?”
Entering retirement can often enable you to get into a new home that is suited to your lifestyle at an affordable price.
A unique advantage of retirement village living is, in many cases, the ability to have access to lifestyle options and resources included in the village without the cost of what would otherwise be memberships and outsourcing. This is a major benefit of retirement living.
There are many different models and, as with any decision of this type, you should consult your financial advisor, accountant or lawyer before making any decision so as to ensure you fully understand the costs and structure of any agreement entered into. Involving your family in the decision is also a good idea.
So what's the appeal of a retirement village? Residents often mention the lifestyle and community spirit as one of the reasons they enjoy living in their village. "It feels as though we live in own oasis," being a comment sentiment. "The people are friendly and there is a wonderful spirit. We have a superb manager and a lively social committee".
To be sure that retirement living is for you, it's very important to be clear about your current financial circumstances.
You need to be aware of three different types of costs before deciding to live in a retirement village. These include:
• The entry fee or purchase price
• The service or maintenance fees
• The exit fee, also known as a departure fee or deferred management fee.
If you're considering your future options, or for any questions, meet Damian Portaro at Mildura Gardens