Costs & Ownership
Points to consider before buying
Points to Consider Before Buying into a Retirement Village include
Retirement is a good time to consider a change in your lifestyle but you don’t have to have stopped working to move into a retirement village - in fact, more of our residents are still working in some capacity when they move in. You may wish to make certain lifestyle changes or your needs may have changed. Our retirement villages are built with your independence in mind.
There are many different types of retirement villages (see our guide on Property Styles), so it is best to plan a visit to different retirement villages you are interested in to see how they differ from each other in housing options, facilities and services, lifestyle and community.
Take the time to have a good look and walk around when you visit a retirement village so you get a good scope of the place. Ask yourself does it feel right for you? Is the retirement village in a good location for yourself and friends and family or in some cases; the perfect place for a fresh start? Is the retirement village close to public amenities like shops, cafes etc?
Make a list of the things that are most important to you in your retirement and look for retirement villages that have these things on offer.
You can refer to our page on choosing the lifestyle you want.
Who knows better than the current retirement village residents about what life is like in a particular retirement village? This way you can get a real insight into all the major points about the retirement village; what social activities are on offer, what the staff and management are like and any other insider information!
"Little things become traditions over here and those traditions make you grow into a family and the family aspect of being accepted in this village is something I don't think you can find in a 4 story retirement home in Auckland. Here it's a family home..."
Consider what your needs could be in the future - will you be able to stay in a particular retirement village if your mobility or health declines?
Finding about a retirement village’s assisted living services and care home facilities is important.
Having the option of assisted living services can be a real god send when some of those more domestic tasks become difficult, such as ironing, cooking a nice meal or help with showering and medication. It can be a lovely short term fix or a long term necessity but just knowing it’s available gives peace of mind.
Likewise are care home facilities that offer that lovely continuum of care aiding a comfortable transition from independent living to care home living that provide a wide range of more specialist services such as at our Remuera Rise Retirement Village.
Many people have concerns around what extra care they may need in the future so it pays to check out what is on offer both short and long term.
It is normal to have certain service fees at retirement villages to help make your life easier. These can include help with cleaning or cooking, property maintenance and more.
On top of service fees you also need to know how much is payable on entry, and your share in any capital gains or losses when you leave. These will affect your future and the choices you have.
Take your time to go through all the documentation associated with buying into a retirement village, including living in and leaving. You may want to get independent financial or legal advice to help you with this.
Involve your family or friends in your final decision.
The location of your chosen retirement village is important too and some people want to find a retirement village near where they already reside while others are happy to move somewhere completely different.
There really is no right or wrong way so ensure you’re happy with your location so whether you’d enjoy the stunning beach, holiday feel like at our Waiheke Retirement Village or you love everything Remuera Rise has to offer in one of Auckland’s most sought after neighbourhoods then you really can have the ultimate retirement lifestyle.
"I think Waiheke Retirement Village is different because of its size, because of the location, because it is on Waiheke... Really we've got the best of both worlds.... I feel as though I'm on holiday, like we're living at the beach, which we're doing." Dawn, resident at Waiheke Retirement Village
"The location is hard to beat... we're 10 minutes walk from Broadway... The museum is so close people walk... plus we're handy to the trains and to the bus... we're not always going to be driving... We've also got a view from the apartments on the front side of the building... magnificent harbour views of Rangitoto and beyond, right out to the Gulf and the Coromandel... not many retirement villages would have views like that..." Jennie & Paul, residents at Remuera Rise