Don't Buy Your Retirement Home without Me!: Avoid the Traps and Get the Best Deal When Buying a Home in a Retirement Community

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Don't Buy Your Retirement Home without Me!: Avoid the Traps and Get the Best Deal When Buying a Home in a Retirement Community

Format:  Paperback,

245 pages

Publisher: John Wiley & Sons Inc

Publish Date: Mar 2012

ISBN-13: 9780730377702

ISBN-10: 0730377709

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The following content was provided by the publisher.
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 meanOffers useful tips for choosing a retirement village that suits your needsIncludes suggestions for selling your current home, downsizing your possessions and adjusting to a new lifeLooks at the perks of living in a retirement village community: great company, security, and homes that are designed for easy living

Specifications

Publisher: John Wiley & Sons Inc
Publish Date: Mar 2012
ISBN-13: 9780730377702
ISBN-10: 0730377709
Format: Paperback
Number of Pages: 245
Shipping Weight (in pounds): 0.86
Product in Inches (L x W x H): 6.0 x 9.0 x 0.75

Chapter outline

About the authorp. ix
Introductionp. xi
The retirement living industryp. 1
The evolution of retirement living in Australiap. 3
What is a retirement village-in legislation and practice?p. 11
Assessing your optionsp. 21
Working out what you wantp. 23
Choosing a locationp. 31
Affordabilityp. 39
Doing your researchp. 45
Retirement home researchp. 47
Types of retirement accommodationp. 57
Retirement village operatorsp. 61
Retirement home purchase arrangementsp. 67
Investing in the retirement living sectorp. 77
Analysing your researchp. 83
Fees and chargesp. 85
Analysis and evaluationp. 99
Capital growthp. 119
Buying off the planp. 129
The purchasep. 135
Selling your homep. 137
Contract time!p. 145
Negotiating tips and key contract termsp. 153
Living and leavingp. 169
The big move!p. 171
Assimilating into village lifep. 177
Links and resourcesp. 195
The final wordp. 209
Preference questionnairep. 211
Individual village questionnairep. 217
Research comparison worksheetp. 221
Moving house checklistp. 229
Change of address checklistp. 233
Glossaryp. 235
Indexp. 241

Book description

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

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