New – or tried and trusted?

Experts give their views on whether retirees should go for just-built or older retirement developments and what features they should consider when looking

Q: MY PARENTS are looking to move into a retirement village and we are not sure if we should opt for a brand-new development or an existing development. What are the biggest differences between the two? And what are the pros and cons of both options?

A: The biggest difference when it comes to choosing between an established lifestyle village and a new lifestyle village is typically amenities and finishes, as you’re more likely to get modern amenities and topof-the-range finishes in a new development.

Pros of an established village:

s Able to get feedback from existing residents on their experience. s Existing sense of community among residents. s An established reputation and history for you to research and to factor in when making your decision about if this retirement village is right for you.

Cons of an established village:

s Facilities and amenities are often tired and in need of an update. s Staff may have become apathetic over time and be in need of re-training. s Progressive trends in retirement living, such as the integration of technology, might not be present in older villages.

Pros of a new development:

s Newer villages are designed with the latest trends in retirement living in mind to ensure comfort and overall experience.

s Modern facilities and top-ofthe-range finishes.

s Residents go in with an open mind and on an even playing field, so no cliques or biases.

s Greater emphasis on lifestyle rather than functionality.

s Staff will have undergone up-to-date training.

Cons of a new development:

s Reputation and history need to be established. s No existing residents to consult. s Possibility of minor teething issues in the beginning. – Gus van der Spek, owner of life rights company Manor Life and developer of Wytham Estate

Q: We will soon be moving into a retirement village and are considering the different developments on offer. What are the standout features or main aspects that we should take into account when deciding between the different options?

A: This is a personal choice, but location would be the first thing to consider. Many retirees move closer to their children and grandchildren rather than moving to quaint seaside places or remote small towns.

A second big consideration is access to medical care.

The third factor should be price, which is when you consider what you will be getting for your money.

I would carefully research the developer and learn about their reputation and track record. Then I would advise that you look at amenities, house design (whether it suits your lifestyle), security and so forth.

Moving into a retirement estate is a huge decision and it’s important to make sure the fundamentals of location, affordability and who you are buying from/making a commitment to, are taken care of.