What to consider when buying a retirement living property

Deciding to buy into a retirement living community is a significant and exciting step—but it’s one that deserves careful consideration. Here are some key factors to keep in mind as you plan for this next chapter.

1. Lifestyle and Location
Think about what matters most to you day-to-day. Do you want to be close to family, healthcare, or public transport? Would you prefer a quiet, leafy setting or somewhere walkable to shops and cafes? The right location can make all the difference to your lifestyle and wellbeing.

2. Community and Culture
Each retirement village has its own feel. Some are social hubs with events and clubs, while others offer more privacy and independence. Visit in person, talk to residents, and ask yourself whether the community aligns with your personality and interests.

3. Services and Amenities
Consider what’s included in the cost. Are there dining options, fitness facilities, or medical support on-site? Will you need these services now, or in the future? Planning ahead can save stress and expense down the line.

4. Financial Model and Contracts
Retirement property purchases often differ from standard real estate. Understand the entry cost, ongoing fees, and exit arrangements. Ask about deferred management fees and how resale works. It’s wise to seek independent legal and financial advice.

Choosing the right retirement living property is about more than bricks and mortar—it’s about finding a place where you can thrive in the years ahead.