PROJECT Widenham Retirement Village
In this thought leadership piece, Andrew Crooks, CEO of Hibiscus Retirement Village, offers valuable insights from a retirement living perspective, delving into several other key factors to consider when making this selection.
Evaluating the property
The property itself plays a key role in the decision-making process. When evaluating a retirement village, it’ s essential to consider the design and layout of the residences. Modern, spacious and adaptable living spaces that can accommodate future mobility needs are ideal. Features like step-free access, wide doorways and well-equipped kitchens and bathrooms designed for ease of use can significantly enhance daily living.
Additionally, the overall maintenance and appearance of the property are vital. A well-maintained property with attractive landscaping and clean, well-lit communal areas can improve the quality of life for residents. Retirees should also consider the availability of private outdoor spaces such as balconies, patios, or gardens, which provide personal space for relaxation and enjoyment.
Property ownership models are another critical aspect to consider. Retirement villages may offer different types of ownership arrangements, including freehold, sectional title and life rights. Each model has its own financial and legal implications. Freehold ownership means retirees
www. sabuildingreview. co. za own their property outright, giving them full control but also full responsibility for maintenance and property taxes. Sectional Title ownership means retirees own their unit and share ownership of common areas with other residents. This model often includes a body corporate that manages the property and imposes levies for maintenance and communal services.
Life Rights on the other hand entails retirees purchasing the right to live in a property for the rest of their lives. Ownership does not transfer, and the property typically reverts to the village operator after the resident vacates, with the life right holder or estate receiving a refund of the original life right.
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