Moving to a retirement village – benefits and trap

Moving to a retirement village is a major life-changing decision. I have had so many emails from viewers of my YouTube channel, asking me to go over the move and what to watch out for.

A retirement village is to provide you a life of little care but filled with fun, enjoyment, tranquillity, and security. But before you make your decision to move to a retirement village, there are number of steps you should take to make the best choice.

So what steps should you take before you sign on a dotted line to buy into your new place in a retirement village:

1. Make two lists
first one of everything that you absolutely must have in a retirement village
Second of the thing that would be nice to have but are negotiable.

This will give you an indication of which retirement villages fit into your requirements, but also within your budget. 

2. Seek advice from a specialist lawyer who can assist you with understanding of the retirement village contract.

3. Seed advice from a specialist financial planner who should assist you with the cashflow analysis.

4. Shop around visit several villages, and compare them.

5. Never let the salesman trap you or push you into buying and don't make your decisions based on a glossy marketing.

6. Understand the purchase contract.

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Katherine Isbrandt of About Retirement
Website: https://aboutretirement.com.au/
Email: [email protected]

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