Before Buying Into a Village

Retirement VillageBefore buying into a Retirement Village it is recommended that you ask yourself a few questions prior to making the final decision about your future life, living in a Retirement Village.

It may also wise to discuss your choices with your financial advisor or accountant so your fully understand the financial aspects.

Also, make a time to talk with your Seniors Real Estate Specialist – SRES® consultant but in the mean time, perhaps consider some of the details that has been included in this checklist:

  • Will the sale price quoted to me for my home be sufficient to purchase my new home in the Retirement Village that I have chosen?
  • Can I afford to live in the Village of my choice and meet the current and future ongoing costs of Village life?
  • What are the financial consequences if I choose to move out of the Village?
  • Have I received adequate information about the retirement home I have chosen?
  • Do I fully understand the contract that I will be signing?
  • Have I met some of the residents at the Village?
  • Will I be comfortable about the lifestyle and social life at the village?
  • Should my health deteriorate or my mobility be restricted, will my new home provide the assistance I may need?
  • Can I take my own furniture into the Village?
  • Will my current furniture be suitable or will I need to purchase new?
  • Have I received all the information required to be given to me prior to signing the contract under the Code of Fair practice for Retirement Villages and the Retirement Villages laws?
  • Have I considered all other forms of accommodation that may suit me?
  • Have I discussed my move with my friends and family?

Most people are very excited about their move and remember, if you change your mind after signing a contract, you will have a cooling- off period and as long as all parties are notified in writing, you can cancel the contract.


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When Experience Counts

When Experience Counts!