Friday, 07 September 2018

Looking for a Retirement Village

Looking for a Retirement Village?

Retirement Villages can offer a fantastic housing alternative for people who are retired, but where do you start looking?  There are so many to choose from!

As you begin your research into retirement living options, you will discover that there are both for-profit and not for profit choices, and it’s important that you understand the difference between the two.

Retirement Village Choices

For-Profit v Not for Profit

Many retirement villages are owned and operated by for-profit organisations, and many of those are part of national chains. These villages have various value propositions but often share a single corporate umbrella. By contrast, non-profit retirement villages are owned by private groups with particular religious or professional affiliations.  Kalyra Communities is owned by a private Trust and is governed by a Board of Trustees. They are, however, still required to adhere to the same regulations as private entities. For-profit communities tend to be more driven by revenue, while non-profit facilities are driven by their overall mission.

Your lifestyle choices

Be clear about the type of lifestyle that you are hoping to enjoy when you are living in a retirement village.  Do you want to be part of a larger community that may offer facilities like a swimming pool, or a bowling green, or would you rather a smaller, quieter village that may not have many facilities for its residents to enjoy.

Retirement Village Contracts

Retirement Village Contracts vary from village to village.  There are many different versions of a retirement village contract available in South Australia and their terms and conditions, along with the deferred management fee for the village will also vary.  

Be aware of what you are signing and always seek legal advice before you sign a contract.  

Looking to the future

It’s important to remember that what your needs are now, may not be the same in ten or fifteen years from now.  Considering your future lifestyle or housing and care choices in the future can be a challenge but it can help guide you to the right retirement village.  Do you want to live in a village with a co-located aged care home and does the organisation also provide community aged care packages or other community programs? 

These questions and many more are worth asking yourself when you are considering the right retirement village for you.  

You may also find the attached form helpful.  We give these out to prospective clients when they are considering our retirement village and we encourage them to complete extra forms at each village they are considering.  The completed forms can help to assess what services and facilities are located in each village that you are considering and may help guide you to the right retirement village for you.

Of course, we are always here for you if you need it so don’t be afraid to ask lots of questions.  

Kalyra Communities | Looking for a Retirement Village

You may also find the attached form helpful.  We give these out to prospective clients when they are considering our retirement village and we encourage them to complete extra forms at each village they are considering.  The completed forms can help to assess what services and facilities are located in each village that you are considering and may help guide you to the right retirement village for you.

Retirement Village Checklist

If you are just starting your search for a retirement village, bring your checklist and have a look at one of our three retirement villages at Kalyra Communities.