When is the right time to move into a Retirement Home?
The answer is…sooner rather than later! Why on earth you might ask?
1. Because time goes by quickly, and suddenly, someone else is making
decisions for you.
2. Then, there’s a matter of supply and demand, and as the baby
boomers get to retirement, the volume of demand is pushing up the price more
than in any other sector. This means your current home – that you thought would
fund the retirement purchase – is losing its comparative value even if its
price is still going up!
Surely not we all say, we’re fit and healthy? The fact remains that while
you’re at your peak you must plan wisely and get into an ‘independent living
retirement home’! If at any time in the future, whether that’s in 5 years or 25
years, one needs assistance, you’re not a burden to the family. You don’t want
your children to ever to have to make difficult decisions.
Stay in control of your future by planning!
Just don’t pretend you’ll always be strong. We’ve seen it too many
times, and its simply not fun having the family making those decisions. Not fun
for them, and NOT fun for you – especially if you’re not in agreement – and it
happens!
What to look for if you are in fact looking to stay in control of your
retirement planning? We get asked the pro’s and con’s all the time, but this is
so personal, that there is no one size fits all. Here is some advice...
- Visit the establishment and
have lunch there. Though you may live independently, most places make it
obligatory to pay for 16 meals from the communal kitchen. Don’t wait to
find out the quality of the food until after you arrive.
- Even though very few of us
will ever use a frail care, make sure there is a high quality one in the
retirement home or village, and you have a preferential access arrangement
– even if it’s just for recuperative care.
- The agent should be able to
describe, and show you the security system – does it monitor all entrances
and is there 24 hour manned security?
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