With enough research and planning, downsizing can be a liberating experience.
There are so many benefits of minimising your property footprint, whether you want to reduce your home maintenance, be closer to services and transport, or use the additional funds to bolster your retirement nest egg.
Downsizing is especially practical when it comes to preparing for retirement. It’s a life stage many of us look forward to, but before lazy days spent doing activities we love can start, there are some key considerations to make as part of this exciting journey.
To get you started, here are some smart and simple tips for downsizing for retirement.
Downsizing 101
Some people confuse retirement villages with aged care homes, but they couldn’t be more different. Most retirement villages are designed with a quality of life in mind featuring amenities such as a pool, clubhouse, gym, tennis courts, some even have a restaurant or cinema.
Retirement village life is all about reducing maintenance and upsizing convenience. But it’s not always easy to know where to start when it comes to choosing the right retirement village for you
Choosing Right
With around 2,500 retirement villages across Australia, it pays to know what to look for above and beyond what meets your lifestyle needs. This is where the Retirement Living Code of Conduct can help – it’s a voluntary commitment retirement villages make to providing a high standard of management, operation and complaint resolution to ensure residents enjoy a safe and secure lifestyle.
Top Tip: When you’re looking for a village you can really trust, just ask “Are you a Code village?” or keep an eye out for the official Code Seal. You can also search A Wise Move for every village in Australia that has committed to the Code of Conduct.
If a village you’re interested in isn’t signed up to the Code, speak with the village manager or sales representative about whether they plan to join in the future. A commitment to the Code of Conduct offers peace of mind that you’re moving to a reputable village that has the interests of residents at the forefront.
Deep Dive
Do your research and discover the opportunities in retirement village life. The easiest way to do this is by downloading a free copy of The Book of Wise Moves, compiled by the Retirement Living Council. This comprehensive, transparent guide covers everything you need to know; from what is a retirement village or manufactured home estate; to questions, you should ask and advice you should seek before making the move.
To find out more and be on the path to downsizing for retirement, visit A Wise Move and download your free ebook here.
Brought to you by the Retirement Living Council.
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