How Do Retirement Housings Work?

Quality retirement housing is a top priority for the nearly four million retired Australians
across the country. Luckily, there are several options for retirement residences,
including retirement villages, lifestyle villages, and aged care. Village residents can
enjoy continued independence in a flourishing community, while aged care offers
constant support for those with more health concerns. To give you a better idea of
independent retirement home options, let’s go through the basics of Karidis Retirement
Villages and what residents get when they buy into our wonderful community.

Retirement Village Basics

If you’re in good health and in high spirits, independent living villages are a good
retirement option. Our luxury retirement villages are residential communities with shared
facilities for over 55’s who are active and comfortable enough to live in their own home.
Retirement villages have many benefits, from the community environment to added
security and modern facilities.

Retirement Village Investment

The great thing about luxury retirement villages is that you get to buy into the
community. Instead of owning a house and paying for land, like in some lifestyle
communities, you pay for the right to reside in the retirement village. The cost to enter
the village is paid under a loan and license arrangement, which is similar to a lease, but
is not registered with the Titles Office. The retirement village cost is determined based
on the location, size, property type, available amenities, and market factors.

Retirement Village Value

Something else to consider about how retirement villages work is the overall value you
get for money. As you buy a loan license for the home’s current market value, you
receive the right to occupy the home and be part of the village community. If you decide
to leave the village, you are entitled to a refund on the money paid for the loan license.
This alone makes a retirement village a financially sound investment, and it’s more
affordable than buying a house with land outright. At the same time, retirement villages
provide amazing amenities and a strong sense of community to support many happy
Years.

Discover Adelaide’s Best Retirement Housing

Karidis Retirement Villages are the most popular independent living villages in Adelaide,
thanks to our spacious retirement home layouts and welcoming communities. Call us on
1300 796 311 to find the perfect retirement village for your future.