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As people approach their golden years, many consider downsizing their living arrangements. Retirement villages and lifestyle resorts are two popular options for seniors seeking a community of like-minded individuals and a simplified lifestyle.
However, before deciding, it’s important to understand the differences between these two types of facilities and services to choose the best option for you.
Retirement villages are communities designed for seniors looking to simplify their lives and enjoy their golden years. These villages typically offer a range of amenities and services, including healthcare, meals, housekeeping, and transportation. In exchange for these retirement living services, residents pay monthly or annual fees.
One of the biggest drawbacks of a retirement village is the high entry and exit fees. Retirement village fees can be substantial and can eat into the equity seniors have built up in their homes. In addition, some retirement villages have deferred management fees, which means that residents have to pay a percentage of the sale price of their units when they leave.
Retirement villages vary in terms of the facilities they offer. Most retirement villages are geared towards seniors who require physical and medical assistance, while others are designed for more active and independent seniors. Choosing between a retirement village or lifestyle resort that meets your needs and interests is essential to long-term happiness and life satisfaction.
Lifestyle resorts are a much better option for seniors seeking a more flexible, affordable, and relaxed retirement living arrangement. These communities offer many of the same amenities and services as a retirement village but without the high fees and restrictions
Like retirement villages, lifestyle resorts offer a range of facilities and amenities designed to meet the needs of seniors. However, lifestyle resorts are often more focused on promoting an active and social lifestyle with like-minded people, with amenities like swimming pools, fitness centres, and community centres.
Lifestyle resorts typically have fewer restrictions and rules than retirement villages. This means that residents have more freedom to live their lives as they choose.
Lifestyle resorts offer a range of benefits that make them an attractive option for seniors.
One of the biggest advantages of lifestyle resorts is their affordability. Because there are no entry or exit fees, residents can enjoy a more relaxed and flexible lifestyle without paying large sums of money upfront.
Lifestyle resorts offer more flexibility than retirement villages. Residents can customise their living space and live their lives as they choose without having to worry about restrictive rules and regulations, allowing them to live independently.
Lifestyle resorts are designed to promote an active and social lifestyle. This means that residents can enjoy a range of amenities and activities that keep them engaged and connected with others in a warm community.
Moving to a new community can be stressful, but lifestyle resorts make it easy. With no entry or exit fees, flexible ownership options, and a more relaxed atmosphere, seniors can enjoy a hassle-free downsizing experience.
Choosing the right community is an important decision, and it’s important to take the time to research your options. Whether you choose a retirement village or a lifestyle resort, make sure that it meets your specific needs and interests.
Before making a decision, think about the retirement lifestyle you want to lead. Do you want to be surrounded by other active seniors, or do you prefer a more relaxed atmosphere?
Consider the amenities that each community offers. Do they have the facilities you need to stay active and engaged?
Make sure that you understand the fees associated with each community. Are there any entry or exit fees? What are the ongoing costs?
Finally, talk to residents of each community to get a sense of what it’s really like to live there. Ask them about the facilities, the atmosphere, and any challenges they’ve faced.
Retirement villages and lifestyle resorts are popular options for seniors looking to simplify their lives and enjoy their golden years. While retirement villages offer many amenities and services, they can be expensive and restrictive. On the other hand, lifestyle resorts offer more flexibility, affordability, and a focus on promoting an active and social lifestyle. By considering your needs and interests, you can choose the community that’s right for you.
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