Whether for yourself or a loved one, planning for retirement living can be a daunting prospect. There are a multitude of retirement living options to choose from, and it can be hard to know which option will suit you best. Senexus will provide you with tailored and accurate advice about the retirement living options that best suit your lifestyle, preferences and budget.
Retirement villages are generally designed for people aged over 55 as an alternative housing and lifestyle option. They are popular with people who feel they need more security, support or company, but who want to maintain their independence. Retirement villages tend to fall into one of two main types:
Independent living units (ILU’s), also known as villas or apartments, are designed for active retirees. They range from one to four bedrooms and may be within a high or medium-rise complex, terrace housing arrangement, stand-alone or semi-detached.
Serviced apartments are generally one or two bedrooms and provide residents with some daily living assistance. Services may include cleaning, laundry and assistance with personal care. While a small kitchenette is usually included within the apartment, meals are provided in a dining room setting.
Each retirement living option comes with its own form of occupation and ownership rights, as well as a range of fees and charges. Comparing retirement living options is not always easy – some of the factors to consider include:
- the type of accommodation and form of occupancy
- entry contribution and ongoing fees and charges
- the amount of the deferred management fee when you vacate the unit
- other exit costs
- how soon you receive your exit entitlement
- exit entitlement early release provisions should you need to enter residential aged care
- availability of home care services
Senexus will provide you with tailored advice on the accommodation options that will best meet your preferences and budget and enable you to continue living independently for as long as possible. We will:
- Advise you of the suitable retirement living options available.
- Determine the upfront and ongoing costs you will be required to pay
- Research and shortlist suitable accommodation options for you to consider
- Compare the services and amenities available at each of the shortlisted accommodation options
- Connect you with home care services that you may wish to access.