Finding the right retirement real estate is not without its share of challenges. There are numerous factors to consider, from location to property type. Over and beyond the basic decisions, you will also need to plan your retirement, for the short and long-term. The problem with rushing into things too quickly without thinking ahead is that it can end up costing you far more than you think in the long run. To help you stay on track, we have put together some tips on what not to do when choosing retirement real estate.
Choosing the wrong area.
Location, location, location, as the old saying goes. Location is everything when it comes to any type of property. For retirement real estate, it is especially important. This is where you will plan to live out the rest of your days. It is where a whole new journey begins, as you reap the rewards of hard work. When you choose an area without thinking about what it offers, how accessible it is or how safe it is, you may end up staying in an area that does not fully meet your needs.
Failing to think ahead.
On that note, it is also a mistake to think only in the short-term. You may be focusing on the years you have being healthy, active and independent. But what happens if you get sick? What happens in the event of injury? Will you be able to easily find care when the time comes that you are no longer as independent as you were? Thinking ahead is the best way to ensure that you have access to the care you need, now and in the future.
Picking the wrong property.
The property itself is another thing to think carefully about before making any decisions. There are a few choices here: apartments, free-standing houses and retirement villages. Apartments can become harder over time, especially if your unit has stairs or it is not accessible. Homes are also not without challenges. Both of these property types require outside help in the event of health problems. A specialised gated retirement village gives you the benefit of a free-standing home, with access to assisted living and frail care support, along with plenty of other facilities and activities to enjoy.
If you are looking for an outstanding investment property that offers everything you need and more, Val de Vie Evergreen is the ideal choice for retirement real estate.
