Retirement is a new phase in your life. While it may seem like the end of many things, it is also the beginning of other things. When you’ve been busy working your whole life, retirement might well be the first time you finally own all your time and have the freedom to do what you want. First things first, do you want a change in the environment? It’s important to consider all your options first before making a decision.
Today, we’re going to explore one of your options, retirement villages. Let’s get into what they are and if it’s the right place for you.
What is a Retirement Village?
A retirement village is a place for older people. Retirement villages are communities that provide housing and services for older people. While the residents themselves own some retirement villages, most are owned by private companies or governments. They are also called “retirement villages” or “senior living”.
The concept of retirement villages is growing, especially in developed countries where the average life expectancy is up to 90 years old. They are considered a niche within the wider category of senior living.
What are the Benefits of Living in a Retirement Village?
Except for the initial fee, most retirement villages allow you to live for free for the rest of your life, provided you don’t outlive their policies. This is perfect for those who plan to take care of themselves and do not burden their family or depend on them for help.
Another benefit is that retirement villages usually have a social aspect. You’ll get to meet new people and make new friends. At some retirement villages, you can also have access to a nurse who can help you whenever you need it.
What is the Difference Between Retirement Villages and Aged Care Facilities?
They are both for the elderly and provide support for them. Retirement villages are usually for older people who can take care of themselves and look for a more social environment. However, this does not mean that you don’t get any help from professionals. If you require some assistance with your daily care, you can get help from nurses, social workers, and therapists. These services are usually not included in the initial fee.
Aged care facilities have dedicated professionals to cater for your health and social needs. Qualified nurses and carers run them. You might have to share your residential unit with other people or have a roommate. You will also enjoy communal areas and have a nice meal together.
How Do I Move into a Retirement Village?
You’ll need to apply online through the respective website. The company will then contact you to ask questions about your preferences. If everything checks out and you pass their criteria, they will invite you to a tour of the village. You can also go through their available units to see which one is suited to your needs.
You can go from your home to the retirement village of your choice. The retirement village will help you pack your things and move them to your new house. You can move on your own as long as your insurance is valid or have the retirement village professionals handle it for you.
Conclusion
Retirement Villages can be a great option for those who want to live in a social environment with other people. You can do fun activities and make new friends. Other than that, you will not have many financial burdens to worry about. This is an excellent option for those who want to care for themselves and don’t want to depend on others for help.
There are a lot of retirement villages out there for you to choose from. Do your research and choose the one that is best for you. Don’t be afraid to go out of your comfort zone. One day, you’ll look back and be glad you did.
Bickell and Mackenzie is a well-known family-owned law firm within the Redlands area. We specialise in conveyancing for buying and selling houses, commercial businesses and retirement homes, and more. If you are looking for reliable conveyancing lawyers, you’ve found the right place. Contact us to learn more and get started today!
