A guide to finding the right retirement property

Buying a retirement property where you can go and live during your sunset years can be quite nerve-racking given that there are so many factors to take into consideration. Here is a checklist to assist you in your search for the right retirement home.

Location

If you are relocating to be nearer to friends and family members, keep in mind that you will more likely be spending a lot of time indoors, so the view afforded by your windows is very important. Therefore, you should avoid a retirement home located next to a busy road unless you are fond of the sound of traffic. Nevertheless, you want to be within close proximity of the shops or transport system. Opting for a property in the middle of nowhere can make you feel cut-off from the rest of civilization unless it is a large complex with a dedicated transport service.

Retirement community or sheltered housing?

A retirement village or community is normally characterized by plenty of communal facilities as well as organized activities; hence, this option is suitable for people who are active and friendly. Retirement communities are also suited to single people since there is an already existing social life around. The good ones are close to market towns, shops, hospitals and banks. With sheltered housing, you'll have to look for a leisure center nearby in order to enjoy their facilities. 

Care 

If you are still healthy and strong, you can go for a retirement villa where extra care may be brought in privately, when needed. However, for the less robust and those with medical conditions, a retirement home located around a nursing home may be an ideal option. 

Maintenance or service charges

Although these may appear shockingly high, the good thing is that you do not have to hire your own gardener or undertake the external maintenance of your retirement home. Generally, your payments will cover all maintenance of gardens, grounds, communal spaces, external lighting, external painting, security, site facilities and property insurance. 

Pets

If you love pets, then you will have to confirm with the retirement home whether pets are allowed. Note that some retirement properties prohibit pets, while others agree to only small pets. Moreover, you can be restricted on the type of property you can relocate to if you own a pet. For example, you may only be allowed to occupy the ground floor only. Others allow pets but are against replacements. 

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