Retirement Living 101: All You Need To Know About Retirement Villages

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Retirement villages are an instant option for seniors assessing the various retirement living alternatives. So, why are retirement villages so popular? Below is a piece detailing the benefits of retirement villages and the considerations to make if you intend to move into such a facility. 

What Are The Benefits Of Retirement Villages? 

The immediate benefit of these facilities is that they provide seniors with a sense of community. Typically, you live among other seniors with whom you might have a lot in common. For instance, you could meet people in your profession or those who share common passions. Besides, the retirement village offers numerous recreational facilities aimed at helping residents relax and socialise. For example, you will find tennis courts, golf courses, parks, clubhouses and bars in the complex. Retirement villages also offer personalised services aimed at making life easier for residents. For example, you could ask for housekeeping services or transport to the local malls. Moreover, some retirement villages have medics to keep an eye on the health of residents. This way, you do not have to worry about deteriorating health. 

What Considerations Should You Make When Moving Into A Retirement Village? 

Due diligence should be your guiding principle when moving into a retirement village. Start by determining a suitable location. For instance, you might want a retirement village close to an assisted living facility. It is especially so if you have a spouse who might need 24/7 caregiving. You could also choose a facility close to where most of your friends and family live. This way, you do not have to break social ties after moving into the facility. 

What kind of services does the retirement village offer? The golden rule is to choose facilities that allow you to pursue your passions and provide comprehensive services. For instance, if you are an avid golfer, it only makes sense to consider facilities with golf courses. On the other hand, if you are religious, consider villages that admit people who share your religious beliefs. 

Examine the accommodation alternatives in the village. For instance, single-bedroom accommodation could suit seniors living alone, while mansions would be a viable option for seniors who plan to host their families at their homes. Inquire about the village laws and regulations. For example, the management company could restrict specific home upgrades or prevent residents from subleasing their units. If you intend to purchase a unit, check whether you are allowed to sell it at its current market value. Finally, examine and negotiate the costs of moving into your preferred village. 

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7 November 2022

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