26
Nov
What retirement living options are there?
Planning ahead for retirement is an exciting time. Looking ahead, you’re probably thinking about having the time to do all those sports, activities and hobbies that had to take a back seat to work and raising a family.
And unless your hobbies are landscaping, pool maintenance, house clearing and repairs, you might well be thinking about downsizing to a new home which is low maintenance and close to everything important to you.
You might be surprised to know that there are different residential options for retirees and the right choice will depend on your circumstances.
What is a retirement village?
Retirement villages can either be run by for-profit companies or not-for-profit organisations and charities. They range in scope from independent living units such as a duplex, through to apartments or hostel-style properties with shared facilities.
They are designed for older retirees who may feel the need for additional social or medical support and can be near more advanced medical support services.
Pros
One of the benefits of...