What are Retirement Villages?
Retirement villages are large developments built especially for older people. We explain what they can offer.
Retirement villages are large developments built especially for older people. We explain what they can offer.
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R E T I R E M E N T V I L L A G E S<br />
THE CONS OF RETIREMENT VILLAGES<br />
Limited medical c<strong>are</strong>: not all retirement villages offer options for nursing or<br />
medical c<strong>are</strong>.<br />
Cost: you pay more for luxury, and there can be some hidden costs and fees<br />
that <strong>are</strong> worth knowing about before buying.<br />
Private funding: most retirement village properties must be bought or rented<br />
privately and <strong>are</strong> not eligible for public funding.<br />
Reduced space: if residents <strong>are</strong> downsizing from a larger property, there may<br />
not be space for all their possessions and furniture.<br />
Service charges: most retirement villages charge monthly or annual fees for<br />
maintaining the communal <strong>are</strong>as and providing facilities. These can be hefty so<br />
make sure you know what they <strong>are</strong> before signing up.<br />
Lack of diversity: some people might not want to live in a development<br />
exclusively for older people.
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