Discussion of the Day
Buying an Apartment/Villa in a Retirement Village
Valerie S 47852505-Aug-23
What do people think about the wisdom of buying into a retirement village where the purchaser or their family doesn't receive back the price paid when they leave the village? You are buying lifestyle advantages like gym, heated pool, library, 24-hour support person, transport, restaurant/cafe, entertainment, companionship and new friendships etc, but the cost can be regarded as quite high given how much is taken by management when you leave the village. Usually when buying property one expects to gain from it over time as house prices go up. With a retirement village you will never get back what you paid, no matter how long you own it. Is the loss of this capital growth worth it given the lifestyle these villages provide?
Comments
AboutForumPrivacyUser agreementContact UsBusiness Page