As people are living longer, their needs are changing, and with that the way they live their post-employment years. Retirement lifestyle estates, in particular, have seen an uptake. There are at least ten reasons why moving into such a development trumps growing old in one's family home.
Get lost in the country charm of this beautiful estate. Nice by Nature Lifestyle Estate provides guests and residents with peace and tranquillity in a beautiful natural setting .
According to Statistics South Africa, the number of South Africans over 60 years old will rise from 4.3 million today to 7 million by 2030. Whilst some will stay in their family homes, a growing number of retirees have their sights set on a unit in a retirement estate or village, says Garry Read, managing director at Evergreen Lifestyle Villages.
Here are ten key advantages to living your golden years in such developments - particularly in a village based on the life rights model.
The life rights ownership structure allows you to live in a unit and use the village's facilities for the rest of your life in exchange for a capital investment to the complex's owner, who is responsible for maintaining your home, the village and all amenities. This allows you to enjoy all the benefits of homeownership with none of the hassles.
Today's pensioners are young at heart and are, therefore, looking for set-ups that offer them the same facilities as conventional residential gated estates. This allows them to live independently as long as they want, but with healthcare assistance nearby when needed.
Safety is what is driving retirees out of their homes and into security retirement villages. Most estates have electric fences, perimeter walls and CCTV cameras that are monitored 24/7.
Living in a life rights retirement village makes financial sense. Besides that, you are not responsible for any of the maintenance costs, units in the newer villages feature solar panels, solar geysers, LED lighting and even double glazing. Harvesting rainwater is also gaining momentum and these practices save residents considerably on their monthly levies.
Today's retirees want to enjoy life and be active in a safe environment. Each unit offer residents independence and privacy, with the added advantage of communal areas where you can head off to when you feel like company. Partake in activities such as tennis, swimming or braaiing in the Boma or meet up with other residents in the gardens or restaurant.
Most retirees who are selling their family home to move into a retirement village do so because they seek a sense of community. Residents of such estates tend to come together through book clubs, bridge evenings, excursions, wine tastings, dance lessons, film nights, social dinners, and other communal activities.
Many retirement villages trump traditional old age homes and even one's family home because of their beautiful surroundings. Nice by Nature Lifestyle Estate provides guests and residents with peace and tranquillity in a beautiful natural setting which allows you an escape from the hustle and bustle of city life, and the chance to reconnect with yourself and nature while being surrounded by lush gardens with riverfront access.
8. Working from home
Just because you don't have to work anymore, doesn't mean you have to stop. The 2019 Old Mutual Savings Monitor suggests that 36% of retirees started a business after turning 65 whilst 13% continued to be self-employed. Today's retirement villages have a strong technology backbone, including high-speed internet. This allows residents to continue or kick-start their part-time consulting or freelance business from home.