Approaching retirement age should make you think seriously about looking around at various options for a  little place where you can put up your feet and sit back and relax; after all you’ve earned it.  Your house has become too expensive to maintain and quite frankly, taking care of  a big property and garden ties one down when there is so much else that is a lot more fun,to do in your golden years.

There are certain properties that retirement villages offer where you can buy without paying levies. After you pass on the developer will be able to buy back the property at the  original selling price that the property was bought for. Any profit will then be paid out in lieu of the levy costs that were incurred while living there.

How  does this work and what are the pros and cons of this type of property investment?

When an individual nears retirement age, there are a couple of options when it comes to purchasing retirement properties. These are:

* Freehold on a house or a house situate in a complex.

* Sectional title such as a flat.

* Shares in a share-block scheme.

* Occupational and life rights (this allows you to live in the house for the balance of your life).

Find out how the developer’s plan will work the expenses of the retirement village – and remember it is always prudent to have everything in writing.

Contact us to find out how you can sit back and enjoy your golden years.