Understanding the Options
Choosing the right retirement housing is key to maintaining your quality of life and independence. There are several types of housing available, each with unique features and benefits. Below, we cover three popular options: Sheltered Housing, Retirement Villages, and Luxury Retirement Developments. You'll also find links to property search portals to explore what's available, as well as considerations for living with family.
Sheltered Housing
Sheltered housing is a great option for those who want to stay independent while having some added security and support. These purpose-built flats are designed with older adults in mind and often come with communal areas for socialising.
Each site is managed by a warden or scheme manager who is there to help with daily concerns. Plus, 24-hour emergency alarm systems are standard, giving you peace of mind while maintaining your independence.
Pros:
- Independence: Live independently with a little extra support.
- Security: 24-hour alarm systems for peace of mind.
- Social Opportunities: Communal areas encourage interaction with other residents.
- Variety of Housing: Options range from flats to bungalows.
Cons:
- Limited Care: No extensive medical or domestic care services provided.
- Shared Spaces: Communal areas may offer less privacy.
- Additional Costs: Amenities may come with extra fees.
Retirement Villages
Retirement villages take sheltered housing to the next level, offering a variety of properties such as houses, bungalows, and apartments, all within a village-like setting. These villages typically have a wide range of amenities, from doctors’ surgeries to restaurants and gyms, promoting an active lifestyle in a close-knit community.
Many villages also offer additional care services, making this a flexible option for couples with varying care needs.
Pros:
- Variety of Homes: Choose from houses, bungalows, or apartments, some with gardens.
- Community Feel: The village setting encourages a strong sense of community.
- Private Amenities: Enjoy amenities like gyms, pubs, and community halls.
- Active Lifestyle: Ideal for those who want to stay active and engaged.
Cons:
- Higher Costs: The range of amenities and services can come with higher fees.
- Variable Care Levels: Care services may not be as comprehensive as you need.
- Larger Environment: The village setting may feel too large or overwhelming for some.
Luxury Retirement Developments
Luxury retirement developments offer all the benefits of a retirement village but in a high-end feeling environment. These developments often include premium level properties with top-tier finishes. Expect additional services like concierge, fine dining, private cinemas, and even golf courses.
You can enjoy a resort-like lifestyle with personalised care services available if needed, making it an appealing option for those looking for comfort and luxury in their retirement.
Pros:
- Upscale Living: Premium properties with high-quality finishes.
- Exclusive Services: Concierge, fine dining, and more.
- Resort Atmosphere: A luxurious environment that feels like a hotel or resort.
- Tailored Care: Personalised care services as needed.
Cons:
- Higher Costs: Luxury comes at a price and may not be affordable for everyone.
- Exclusive Atmosphere: May feel exclusive or elitist to some.
- High Expectations: Maintaining a certain lifestyle or appearance may feel pressured.
Key Questions
When considering retirement housing, be sure to ask:
- What level of care is provided, and can it be increased if needed?
- What are the costs for daily services and other fees?
- Are there fees for entering or leaving the property?
Find Retirement Properties
- Retirement Home Search: A national agency specialising in retirement housing.
- Retiremove: Search properties by postcode, including luxury developments.
- Fifty5Plus: Lists over 4,000 retirement developments available to buy or rent.
- Elderly Accommodation Counsel: Lists retirement villages by county.
- Housing 21: Showcases affordable properties across 200 local authorities.
Should the Family Live Together?
Many families consider multi-generational living, but it’s a big decision with both benefits and challenges.
Advantages:
- Financial Help: Older family members can contribute to household bills.
- Support at Home: Depending on health, older relatives can help around the house.
- Peace of Mind: Younger family members can keep an eye on their elderly relatives.
- Time Together: Enjoy more time together as a family.
- Access to Care: Council-funded or private support services can still be accessed.
Disadvantages:
- Home Modifications: Adding stairlifts or other adaptations may be costly.
- Less Privacy: Living together can impact personal space and relationships.
- Role Reversal: The shift in family dynamics can be emotionally challenging.
- Career Impact: Younger family members may find it harder to relocate for career opportunities.
- Ongoing Care Needs: Professional care may still be required as health declines.
- Financial and Legal Implications: Always seek legal advice before making decisions.