Wednesday, 8 November 2017

Should I move to a retirement village and rent first?

An increase in the awareness amongst seniors of the importance of frail care and security are resulting in retirement villages and resorts experiencing increasing demand for accommodation. There is a wide selection to choose from, all varying in lifestyle, amenities and security levels.
If you are uncertain, you can always consider renting before making your final decision.
Taste the lifestyle, the peace of mind and the tremendous community spirit that you will find in such an environment. You still have your privacy and it is up to you to decide to what extent you wish to participate in the many social and other organised excursions.
Living in a retirement resort has become a decision that more  senior citizens are considering and when they do,there is a wide variety of questions that enters the equation. Here are some of them:
-Affordability. How much can I pay? How much can I afford to invest in what will probably be my final purchase? If you have a house to sell, can you invest it in a retirement village or do I need to retain some of that income to invest for a regular monthly income?
Buy or rent?
Many units in retirement villages across South Africa are available for long term or short term rent and it not always necessary to buy. Some villages offer the option to purchase a life right. Prices and conditions vary from scheme to scheme, so first decide where you want to live before you investigate the available life right schemes in your chosen area.
Location
This is one of the most important decisions that you will make.
Do you want to be close to where you used to live? Think of your family, friends, your support systems including your doctor, dentist, attorney, church, even your bridge club or golf club,etc. This is particularly important if you are no longer driving your own car or have other mobility challenges.
Once you have decided in which area you wish to live, by all means surf the Internet or contact us for free advice. Write to us at pensionpower@gmail.com.

No comments:

Post a Comment