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How to choose a retirement community or village in Australia

One of the biggest questions to tackle in post retirement life is where to live. Actually, this is a question you should think about years before you retire.

Australian Times by Australian Times
01-06-2017 13:49
in News

You may consider living with children, living in a new city or even a country, or you may not want to move out of your old home. In any case, you should make arrangements in advance. Most Australians in their elderly years like to live in retirement villages. This is considered a better option for independent living without isolating yourself. If this is an option you are considering, here are several tips on how to choose a retirement village in Australia:

Is it a Real Retirement Village?

There are loads of retirement communities Australia. However, not all can actually be considered actual retirement villages. A facility must actually meet all the requirements of the Retirement Villages Act 1986 in order to qualify as an actual facility for the elderly. So, when you are looking around, make sure the facility you are considering is legally called a retirement village. This distinction is very important.

Make a List

Before you go shopping for the best village, make a list of things you expect in the village. For example, do you want two-storey houses, yoga classes, certain type of medical facilities, or swimming pools? Prioritize the essentials you need, so you don’t end up falling for frivolous things marketing campaigns advertise. Once you know what you want, it will be easier to choose the village best suited for your needs.

Talk to a Lawyer

Moving to a retirement village involve a lot of financial and contractual obligations. So, before you do so, you must talk to an expert regarding the manner. Talk to a financial advisor or better yet a lawyer before making the move. The retirement village will give you a contract to sign, and you must always have a lawyer look at it before signing. Protect your interests before making financial commitments.

Tour as Many Places as Possible

You are making a decision that will affect your for decades. So, don’t take finding a retirement village lightly. Be prepared to tour as many places as possible. As you do so, you should ask your guide or operator of the place probing questions. Don’t let them mislead you with advertising statements. When you visit a village, you can ask for a factsheet, and you should do so. Later, you can use these factsheets to compare different villages. Keep in mind that when you visit, the operators will give you many verbal assurances. These assurances must be reflected in the actual contract you sign.

Know the Policies of the Village

Do take some time to understand the policies of each village you tour. For example, what’s the village’s take on pets or visitors? Try to imagine yourself living in this village and see if it’s something you can bear considering the policies.

Before moving to a retirement village, discuss your decision with friends or family. If you have a spouse, you two should definitely discuss the matter at length before spending money. It’s best to talk to children or other family members as well. Moving to a retirement village is a major life choice. So, like with other life choices you have made, consult with a trusted person before jumping headlong into the decision. It’s important that you make the right choice that will make you happy in your final years.

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