Retirement village checklist
There are pros and cons to living in a retirement village just as there are with any form of housing. It is important you fully understand what you are agreeing to and what the legal and
financial implications are for you and your partner on entering, remaining in and leaving a village.
You need to consider current and future accommodation needs carefully.The move might involve a significant change to your lifestyle. Community living has many benefits, but it also involves some trade-offs.
The best way to find out whether a retirement village is right for you is to visit the village as many times as you need to in order to satisfy yourself it is what you want. Talk to village management and current residents, particularly members of any residents’ committee, and carefully observe daily life in the village.
After you've read the information you are required to receive, here are some questions you should get answers to, before making any decisions about which village is right for you.
- What type of transport is available and is nursing and/or medical care close by?
- Is the complex close enough for family and friends to visit?
- Is the village close to facilities that I use such as public transport, doctors, shops, entertainment, libraries or churches?
- Who is responsible to insure the unit/complex and what will happen if the village is damaged or destroyed?
- Who is responsible to pay for repair or refurbishment of the unit?
- What types of accommodation and amenities are offered?
- What are my ownership and occupancy rights?
- What are the entry, ongoing and departure costs?
- What are the rules about pets, visitors and car parking?
- Will I have my own garden? Will I have sufficient privacy?
- Is there space for a caravan or boat?
- What sort of compensation (if any) will you receive for any additions or improvements you make to your unit?
- Are meals available? Where, how often and at what cost?
- Is there a common dining room? Can I bring my own meals to eat there? Can I invite guests?
- What happens to my partner if I move to aged care?
- What happens if I re-marry or re-partner?
- Is there a functioning residents’ committee?
- What facilities are available if I become sick?
- Will the village meet my needs in the future if I require additional assistance?
- What are the financial implications if I want to leave?
- Is there provision for a reserve/sinking fund to ensure the village is properly maintained over the long term?
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