Retirement villages, also sometimes known as retirement communities, are a senior living option that is growing in popularity and that offers a good balance between independence and supported living. Although they are a good way to meet new people and socialise, Saga explains that retirement villages are also excellent for those who still want to own their own home and who value privacy in their own space. When considering your retirement living options, there is a lot to consider. This short article aims to explain some of the basic things you should consider before making a move.
Get To Grips With Your Finances
Before you take the plunge and move to a retirement living community, you should take a realistic look at your finances and what you can afford. Retirement Living explains that 90% of residents sell their existing home to pay for their move into a retirement community, but if you don't own your home or don't wish to sell it, you will need to look at other options. You will also need to find out about any fees or maintenance charges in the community you are considering, and decide if they are suitable for your budget. If you are unsure about your finances, speak to a professional to find out more about where you stand.
Consider Your Current And Future Health
One of the most common reasons that people move into a retirement village is worry about their health or what their future health may be like—especially if their health declines at a different rate from that of their partner. Which? explains that when looking at a retirement living community, you should find what support they can offer now and in the future, especially with daily needs like washing, dressing and eating. It is impossible to predict your future health exactly, but by planning in advance, you can save yourself another move in the future.
Think About The Lifestyle You Want
All retirement living communities have a range of onsite facilities, and you should look at your personality and hobbies to decide whether a retirement village would suit you. For example, if you're a fitness fanatic and none of your local communities have a good gym, this may play a part in your decision. If you love to shop, but there are no retirement communities near your favourite shopping centre, that may have an impact. Care.com explains that retirement communities typically have a range of activities for residents to get involved in, explaining that this is essential for reducing isolation and loneliness. However, some people may not enjoy socialising only with elderly people and therefore may not thrive in a senior living community—think carefully about what you want and who you want to be around.
When considering a move from your own home to a retirement village or community, there is a lot to consider, and it can feel overwhelming. However, spend some time thinking about what you can afford, what you want and what you may need in future, and you will be able to make an informed decision. If you feel that a retirement living community is right for you, spend some time visiting senior living communities in your area and getting a feel for what's out there.