What to consider when choosing your perfect retirement home

Are you looking for the best retirement home? While finding a new place to live is exciting, it can also be overwhelming when you’re faced with so many different options. From checking the development’s security features to reviewing the monthly expenses, there are plenty of steps you can take to ensure that you make an informed decision. Find retirement homes for sale on GotProperty today.

Ownership

Tips to buying a retirement home | GotProperty
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Before you buy a retirement home, it’s important to check what the ownership structure is. Different developments offer life rights or full ownership. Life rights mean that you can live in the unit for as long as you want but you won’t own it so nobody can inherit the unit later on. Full ownership means that you own the unit as well as a share in the common areas.

Developer’s reputation

Review the developer’s reputation before you part with your hard-earned cash. It’s advisable to buy property from a well-known developer. Take a look at their completed projects and whether they delivered on what they promised in the past. Take extra precautions if you’re purchasing an off-plan unit. Make sure that the developer has the resources to carry through on the intended plans and amenities.

Safety

Safety is an essential consideration in any residential home. Make sure that there is enough security to protect you and your possessions from criminals. Fencing and access control will help to keep you safe. Security patrols and CCTV cameras are also advantageous.

Entertainment areas

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No retirement home is complete without entertainment areas where you can socialise with other residents. A clubhouse is the perfect place to meet with friends or participate in a bingo night. Check if the residential home arranges social activities for their residents to ensure that you’ll have plenty of fun when you move in. A restaurant and library are other useful amenities to look out for.

Healthcare

Check what healthcare facilities the retirement home offers. There should be a care centre that provides easy access to healthcare and regular check-ups. These services should focus on the needs of each patient as well as the requirements of their families. Emergency buttons in the units can also contribute to the physical well-being of residents. It’s advantageous to select a development that includes frail care.

Access to amenities

Having amenities located close to the retirement home adds convenience to your life. Drive around the neighbourhood to see what the surrounding area looks like. Find out how far the nearest shopping centres and restaurants are. It’s also beneficial to check for medical facilities and entertainment options. A nearby park can also make a great outing.

Facilities and services

Invest in a development that puts the needs of its residents first. Useful facilities to look out for include a dining room and hair salon. Gardens, which include walking routes, are a great place to get regular exercise and fresh air without leaving the safety of the retirement home. It’s advantageous if the home offers cleaning, laundry, and catering services. Shuttles to get around the surrounding area are also useful.

Expenses

Retirement home expenses | GotProperty
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In addition to the initial investment for your unit, it’s likely that you’ll have extra monthly expenses to pay. Ask what the levies are and don’t forget to check the annual rate of increase. These expenses should cover maintenance and security costs.

Now that you know how to select the best retirement home, you can start visiting the different developments to find out more. Find a wide range of units for sale on GotProperty today.

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What to consider when choosing your perfect retirement home
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What to consider when choosing your perfect retirement home
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Are you looking for the best retirement home? There are plenty of steps you can take to ensure that you make an informed decision.
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GotProperty
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