Retirement Living: Choosing the Right Option for You

Retirement Living

If you are looking to spend your best years with comfort, security, privacy and looking for the perfect community for you or a loved one, choosing the right retirement home might seem overwhelming with the so many options that are available today, like the LDK Seniors’ Living. To help make the process of choosing the right retirement home for you easier, here is a comprehensive guide of the different types of retirement living options available to choose from:

Types of Retirement Living in Australia

There are six types of different retirement living accommodations in Australia:

  1. Retirement Villages

Easily the most popular option among the six retirement living options housing almost 190,000 residents in Australia, retirement villages can be described as a community designed to house senior citizens over the age of 55. These villages like LDK Seniors’ Living allow residents to lease homes on the property, and they are often attached to an age care facility that provides the flexibility to gain additional care when residents require it.

This option might be the best choice for you if you are looking to live in a community with the companionship of the other residents while at the same time not wanting to worry about financial and physical security. Every retirement village may offer a different set of activities, so you may want to consider them while making your choice. For instance, LDK Seniors’ Living offers arts and crafts activities and wellness classes, among other services, to keep their residents engaged and entertained throughout their stay.

  1. Independent Living

If you want to live in a home-like environment without the hassle of daily chores and maintenance, independent living homes should be high on your list. This option is best suited for people looking for minimal care and prefers smaller living spaces to those offered in retirement villages. The independent living option is almost always cheaper than opting to live in a retirement village as the space you rent is comparatively smaller. These spaces are also almost always designed to be age-friendly, so you can be assured a level of safety from trip hazards, for example, even though you do not have the level of healthcare service and monitoring offered in retirement villages.

  1. Assisted Living

Assisted living is best described as retirement villages but with a high level of care offered by the facility. This can be very beneficial to residents as the level of care offered by their home can change depending on their personal needs. This can also give the residents a sense of security as they don’t need to worry about moving to a different living accommodation as their healthcare needs change! Here is a guide you can refer to for more information about whether assisted living is the right choice for you.

  1. Co-Located Villages

An ideal option, especially for couples who require different levels of healthcare, co-located villages houses an aged care home adjacent to the retirement village, giving residents the comfort of staying close to their partner without worrying about their healthcare needs.

  1. Land-Leasing Communities

Land-lease communities can be confusing in terms of ownership in that residents own the home but rent the land their home sits on, but this comes with benefits such as the reduced cost of owning your own home. Additionally, if the residents want to sell their home, they get to keep all of the money from the sale! All in all, this option comes with the benefits of being affordable, letting residents avail the advantages of on-site management and amenities, and being part of a community. Residents can enjoy modern resort-like facilities in the most desirable location with the freedom of leasing the property with ownership of the house.

  1. Rental Villages

Rental villages are gated communities where you can live with like-minded people that are usually rented on a weekly basis. This type of living is best suited for people who are looking for independence with the choice of being able to avail minimal care and facilities when they require them.