Later Life Shouldn’t Mean
We hope this site has answered many of your questions as to what homes for later living are, why they matter and whether retirement living is the right choice for all older people. Below we have listed our frequently asked questions, but should you wish to make any further enquiries please contact us by completing our online form.
Later Life Shouldn’t Mean
More than bricks and mortar
We hope this site has answered many of your questions as to what homes for later living are, why they matter and whether retirement living is the right choice for older people. Below we have listed our frequently asked questions, but should you wish to make any further enquiries please contact us by completing our online form.
Is a retirement community the right move for all older people?
Retirement living may not be right for everyone, but for those needing a bit more support while wanting to keep their independence, it can be an excellent option. We advise people to spend some time researching the options and visiting different types of developments before making a decision. For additional advice on housing options in later life, this can be found through the independent advice and support charity, the Elderly Accommodation Counsel at www.eac.org.uk or call 0800 377 7070.
What are the costs?
Retirement living is not like conventional housing, so there are different considerations when it comes to a property in a development of this sort. Some or all of the following will apply:
- The original purchase price, which will vary across the country (or a monthly rent, if the property is rented)
- A service charge that includes things such as: heating in the apartment (on selected developments), water and sewerage charges, buildings insurance, window cleaning and garden maintenance. It also includes the services of a House Manager and 24-hour emergency call lines
- Utility bills (although these can be included in the service charge)
- A ground rent, should the property be leasehold. The ground rent is used to help fund the initial construction of the extensive communal areas
- A small number of larger retirement village schemes may charge an event / exit fee to cover their costs
What type of services are included?
As well as private living space, retirement living developments will provide a wide range of on-site shared services to help in later life. Developments vary, but they typically include an on-site management team and a range of shared areas including lounges, restaurants, well-being suites, gardens and guest suites.
What are the age restrictions in a retirement community?
A key feature for all retirement communities is the age restriction, but developments may be set at a different level. Typically they start from 55 years of age, and many are from 60 or 70 years of age. This is maintained via a restrictive covenant in the lease.