These fees cover the cost of:. It is common for retirement villages to charge exit fees. Sometimes these fees can be confusing, so ask the management to explain to you how they are worked out. Make sure you understand all the up-front payments, ongoing fees and exit fees before you sign any contracts. Some retirement villages offer different types of services including meals, cleaning and personal services. These home care services are optional extras and usually involve an extra payment.
Before deciding on a retirement village, talk to the management to find out what kind of services they offer and if additional charges apply. Some retirement villages organise visits by local doctors and other healthcare professionals. If you live in a retirement village, you can apply for the same aged support services as people who live in their own homes. Although some aged care homes are located next door to or even inside retirement villages, there is no direct connection between the two types of services.
In order to gain access to a residential aged care home, you still need to have an ACAS assessment and income test. There are lots of different things to consider when choosing a retirement village — from what their policy is on pets, visitors and parking to local transport options and the facilities and services on offer.
Before making a decision, it is a good idea to visit a few different retirement villages and talk with the staff about what you need. If you are not able to live independently or think you will need significant support soon, it might be better to get an ACAS assessment in order to move into an aged care home.
Visit Consumer Affairs Victoria for more information on choosing a retirement village. This page has been produced in consultation with and approved by:. A broad range of services is available to support your health and wellbeing as you age. Whether you are receiving care at home or living in a residential aged care home, you have the right to be treated with respect and dignity at all times, and receive high-quality care and support.
The Surrey retirement village delivered independent age-exclusive living in a range of apartments and bungalows. Residents were able to enjoy the communal facilities of a central clubhouse with restaurant, bar, lounge, meeting room and convenience shop.
Having pioneered the concept of age exclusive communities in the UK, Retirement Villages continues to lead the way. Each of our retirement villages has its own identity — you would expect nothing less — but most have:. Feel free to contact us if you have any additional queries on what a retirement village is and if it is the right option for you.
The Associated Retirement Community Operators group, ARCO is the main body representing the retirement community sector in the UK, and with Retirement Villages being the longest established provider of luxury retirement village living, we are proud to be one of their members. Their mission statement is one that we also wholeheartedly adhere to, believing that older people should:.
Within some of our villages, Retirement Villages offer care home facilities. For extra validation Retirement Villages provides a welcome growing private model with HC-One, our care provider, offering much-needed alternative options at this stage of life, such as:.
Privacy and independence is fiercely regarded, giving you peace of mind knowing that everything is covered. The lifestyle and care demands of the target market have changed over the three decades of our operation.
Now in our fourth decade, the focus is very much on the future and how to maintain sustainable living for individual residents. Andrew Ovey joined Retirement Villages following the acquisition by AXA IM — Real Assets, where he is head of healthcare and responsible for originating, executing and managing healthcare real estate investments, including hospital, long term care and assisted living investments across Europe, he says:.
According to a Property Council of Australia report , retirement village residents typically move into an aged care facility later than people who enter straight from a family home. The research suggests living in age-appropriate facilities with additional health and wellbeing services contributes to this longer independence.
As you move into the next phase of your life, the most important thing to consider is whether the retirement village will suit your lifestyle now and as your needs change into the future. We all have different needs and wants so it helps to make a list of the things that matter to you before seeking out a village that will make you happy.
For a good overview of the costs associated with retirement village living, check out our pricing and rates page which explains a number of pricing options you can choose from. Is independent living right for me? What are my housing options? What community features are available? What happens if my needs change? What costs are involved? Am I eligible for government funding support?
What is living in an IRT aged care centre like? What are my funding options? They usually offer a range of different accommodation types, including houses, bungalows and apartments, and are often located in attractive rural settings.
Most retirement villages promote a luxury lifestyle, offering a variety of leisure facilities, such as swimming pools, restaurants and bars, plus the opportunity to enjoy social activities within a community of people of a similar age.
While the number of people living in these types of developments is relatively low in the UK, the market is growing steadily and many more villages are expected to be built over the coming years. Properties in retirement developments are often considerably more expensive than homes on the open market.
At a basic level, retirement villages and sheltered housing are similar. Both offer housing designed for older people who want to continue living independently. But there can be significant differences between these housing options.
Retirement villages offer premium facilities in an attractive environment and, as a consequence, are usually more costly than other options. They are generally aimed at people who want to enjoy an independent lifestyle, and may not be suited to people who require a higher level of support or supervision.
Sheltered housing is often operated by local authorities, housing associations or charities, while retirement village properties must be bought or rented privately. The majority of properties in retirement villages are designed for independent living, but some do provide care and support for those that need it.
For example, some schemes include assisted living apartments. Others offer access to a dedicated domiciliary care service that can provide home help or personal care. Most retirement villages provide facilities to promote general health and fitness, including gyms, exercise classes, massage and physiotherapy. If you move into a retirement village you will be charged a regular service charge, which covers running costs and maintenance of the development.
Research by Which? Be aware that council tax and utility bills are paid separately and will also need to be factored into your budget. Before buying a property, find out how the scheme is managed as this can affect your finances considerably. If not, the management will be run by the freeholders, and residents will have little say on what they are charged for repairs and maintenance. Also find out what happens about the maintenance fees and service charges if you die.
Often, retirement flats go back on the market when the owner dies, but the service charges continue to be charged until the property sells. This can result in thousands of pounds of fees adding up while your relatives try to sell the property.
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