Overview

Invaluable advice for making a sensible purchase on a retirement home Like most retirees, you've worked hard your whole life and now you're looking forward to starting a new chapter of your life in a retirement home community. However, purchasing a retirement home can be a daunting experience and the cost of making a bad decision can impact your entire family. That's where this helpful book comes in. Retirement-savvy author Richard Andrews offers straightforward advice on making wise financial and lifestyle decisions that could change your life for the better. Covering everything from what to expect from your lawyer and accountant to negotiating with retirement home community operators, this guide dives into the basics of purchasing a home in a retirement home village, and adapting to your new lifestyle. Walks you through complicated retirement village contracts and what they mean Offers useful tips for choosing a retirement village that suits your needs Includes suggestions for selling your current home, downsizing your possessions and adjusting to a new life Looks at the perks of living in a retirement village community: great company, security, and homes that are designed for easy living

Full Product Details

Author:   Richard Andrews
Publisher:   John Wiley & Sons Australia Ltd
Imprint:   John Wiley & Sons Australia Ltd
Dimensions:   Width: 15.40cm , Height: 1.50cm , Length: 22.90cm
Weight:   0.390kg
ISBN:  

9780730377702

ISBN 10:   0730377709
Pages:   272
Publication Date:   20 January 2012
Audience:   General/trade ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

About the author ix Introduction xi Part I: The retirement living industry 1 1 The evolution of retirement living in Australia 3 2 What is a retirement village — in legislation and practice? 11 Part II: Assessing your options 21 3 Working out what you want 23 4 Choosing a location 31 5 Affordability 39 Part III: Doing your research 45 6 Retirement home research 47 7 Types of retirement accommodation 57 8 Retirement village operators 61 9 Retirement home purchase arrangements 67 10 Investing in the retirement living sector 77 Part IV: Analysing your research 83 11 Fees and charges 85 12 Analysis and evaluation 99 13 Capital growth 119 14 Buying off the plan 129 Part V: The purchase 135 15 Selling your home 137 16 Contract time! 145 17 Negotiating tips and key contract terms 153 Part VI: Living and leaving 169 18 The big move! 171 19 Assimilating into village life 177 20 Links and resources 195 21 The final word 209 Appendix A: Preference questionnaire 211 Appendix B: Individual village questionnaire 217 Appendix C: Research comparison worksheet 221 Appendix D: Moving house checklist 229 Appendix E: Change of address checklist 233 Glossary 235 Index 241

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Author Information

Richard Andrews is Australia's leading expert on retirement communities and the founder of Find My Retirement Home (www.findmyretirementhome.com.au), a company that acts as an independent adviser and buyer's agent for retirees wanting to purchase a retirement home.

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