Estate Living Magazine Retirement Living - Issue 40 April 2019 | Page 14

P R O P E R T Y
&
I N V E S T M E N T
FAMILY
COMMUNITY
LIVING
CLOSING THE GAP
These days your age is not as relevant as your lifestyle,
and the concept of retirement estates is changing to
accommodate changing needs.
Moving to a multi-generational lifestyle estate at 50-something is a
smart move as you have the benefits of the security an estate offers,
and the freedom to enjoy life as there is no need for time-consuming
maintenance. More importantly, you have the peace of mind of
knowing that your future healthcare and daily living needs will be
taken care of should you need them. So while many might baulk at
the idea of moving to a retirement village at 50, a multi-generational
estate offers the same benefits but with neighbours of all ages.
A huge advantage of multi-generational estates is, of course, the
fact that you can stay close to parents and grandparents, which is
beneficial for all concerned. Depending on the age of your parents,
it makes looking after them easier, or – even better – guarantees
a super-trusted (and often free) baby-sitting service just down the
road. And, of course, the emphasis will change as the family grows
and evolves.
Palm Lakes Family Estate
In the United States, developers, Lennar, have taken multi-
generational living to the next level and are having huge success
with their NextGen concept. Launched in Phoenix five years ago,