Why buy or rent a retirement property

The Freedom

A common theme amongst those who have already bought or rented in developments we cover is the sense of freedom that they bring. A good deal of people have come from large family homes that are simply now too big, expensive to run and a lot of work to maintain. All properties that we actively seek act as a great lock up and leave enabling people to go and do what you may previously not have been able to do due to funds long tied into property and the worries of leaving it for extended periods of time. There is peace of mind knowing the communal areas are always cleaned, communal facilities such as laundry machines and lifts always serviced, lawns and gardens always tended to and that of this happens without you needing to do a thing. In most age specific developments there are even a number of resident run social events and on-site facilities aimed at making life for residents as carefree as easy as possible.

Savings

When comparing to the sales prices of similar non retirement properties in the area, they are typically considerably cheaper. For those looking to purchase, the initial saving is a big attraction as well are the annual charges and funds in place for the maintenance of the block and grounds. On the face of it, these can seem rather steep however when considering the services in place and the security it provides residents, it could be argued as well worthwhile. The set development charges are of great appeal to those coming from large family homes used to having to pay out large sums of money for unexpected problems such as leaking roofs and general maintenance.

Like with a house, developments equally suffer from problems however with it being a block responsibility, the cost is shared and in most cases can be covered by the development funds already in place.