Retirement – The Best Time of your Life
We work hard for most of our lives, dutifully paying the mortgage, and after our children have grown up and started families of their own, our thoughts can turn to retirement. These should be the golden years, when you and your partner can relax and enjoy the finer things in life, and the environment you live in should be one that promotes relaxation and well-being. The family home is much too big now the children no longer live at home, so it makes sense to downsize a little, and if you are going to do that, you might as well think about a retirement village.
The Right Environment
For the perfect retirement, you need plenty of amenities in the immediate vicinity, and rather than scouring endless housing zones, looking for something suitable, it makes more sense to live in a retirement village. There are, for example, retirement villages in South Australia that have everything a retired couple could possibly want, and with many others who are also enjoying the freedom of a life of leisure, you would make many new friends.
Try Before you Buy
If you are lucky enough to find the right retirement village developer, you will have several options, and with try before you buy, you can sample the living experience before making a commitment. Relocating anywhere is full of uncertainties, and it is only by spending some time in the home that you can really get the feel of the area.
This is perhaps the most common form of tenure for those who wish to relocate to a retirement village, and if you lease the property on a 99-year lease, there is no stamp duty to pay, and you won’t have to pay any owners’ corporation fees.
This differs slightly to the leasehold option in as much as there is no title required with a licence agreement, and you have the right to live in the property. Many retired couples choose this option, as they might be unsure how long they intend to stay, and the licence agreement gives you the flexibility.
If you would like to purchase your retirement home or apartment, this would be the best option. Under strata title, you would own the property, but not the land it sits on, and your name would be on the title deeds. You would also become a member of the owners association and that would incur maintenance costs for the upkeep of the development. This is ideal if you have adequate funds and are looking for a more permanent solution.
Living in a retirement village has its benefits, and all the amenities are carefully designed around retirement life, and with friendly and helpful staff who understand retirement needs, your living environment will be the envy of all your friends. In Australia, there are many retirement villages across a range of states, and with multiple tenure choices, your retirement will be a life of leisure.