The Financial Benefits of Living in Retirement Apartments

Selling your house and moving into a new apartment is a big decision, especially if it means moving on from your family home. While it is a big investment, there are many financial benefits that you may not be aware of.

1. Great Facilities and Activities Included

Retirement blocks provide a lot of amenities which improve the way of life for its residents. These are lovingly maintained by the Lodge Manager and staff. The communal gardens on a Churchill development provide a stunning retreat to relax in and socialise with friends and family. The Owners' Lounge is another popular feature of the development which provides the perfect setting for entertaining, participating in activities or just putting your feet up with a book. The upkeep of these is all covered in one simple monthly service charge which helps to avoid any unexpected costs and makes money management a lot easier.

2. Freeing up Equity from your Family Home

Your retirement should be a time of relaxation, enjoying life and making the most of your spoils and a lifetime of hard work. It is also an opportunity to travel to new places and spend more time with loved ones. By selling your family home and ‘rightsizing’ to a property which better meets your needs, it’s possible to free up equity from your property which can be spent on better things: holidays, cars, helping your family financially, or simply on making your life in retirement more financially secure.

3. Safety and Security

Security systems can be expensive extras to add to your home but are something we all need to consider, especially in later life. An intruder alarm is fitted to the front door of every Churchill apartment. A 24 hour emergency line is available via a call point in the bathroom or a discreet pendant alarm which redirects you to the Lodge Manager or an online Careline team member 24 hours a day, 365 days a year.

4. Maintenance Free Living

Don’t worry about a thing! Repairs to the fabric of the building, the communal areas, the safety and security systems (including those inside your apartment) and the garden are all covered by the service charge; making life a lot simpler. If something needs to be fixed, there is no big pay out surprises. This can really take the pressure off. Retirement is a time to relax and enjoy yourself. Retirement apartments help to make maintenance worries a thing of the past.

Find out more about retirement living costs and what they include here.

 


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