Real Estate Investor October 2022 | Page 194

RETIREMENT PROPERTIES

These are the top six questions everyone should be asking before making any retirement property decisions .

1 . Will I be close to friends & family ?

Most retirement-aged people will have spent a number of years in one town or neighbourhood , setting down roots , building a friend group and being with family . While retiring to a quaint cottage in a seaside town may sound idyllic , people should not take their community ties for granted . It ’ s very easy to say , ‘ My kids and my friends will come visit me ,’ but in reality , life often gets in the way . The last thing you want to do is end up feeling isolated and alone in your retirement . If you ’ re not joining a community where you can easily forge new ties , I ’ d definitely suggest staying within comfortable reach of the people you love .

2 . Will I have easy access to the amenities I need ?

Realistically , most retirees reach an age where they ’ re not comfortable driving long distances . That makes it important to find a retirement
194 OCT 2022 SA Real Estate Investor Magazine