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understanding-retirment-living-feature-image-Amarco-Retirement-living

Understanding retirement living

Retirement is a time to relax and live well, with freedom and security. But deciding which retirement option is right for you can be difficult.

Amarco Apartments at Kingsville offers a thriving community and safe environment. Most importantly, it is transparent about costs and allows prospective residents plenty of time to consider their new life before signing the paperwork.

 

Peace of mind

The safety of residents is paramount at Amarco. As such, it has 24/7 emergency support, including a nurse call button, and annual fire safety drills.

Security access cards are provided to each unit to ensure no unauthorised person can gain entry to Amarco or its secure underground parking.

A weekday concierge service is also available to support residents with maintenance or other requirements.

 

Simple contracts, no hidden costs

Amarco’s transparent and simple contracts mean there is no confusion around terms and meanings. The contracts are governed by the Retirement Villages Act and they outline all ingoing contribution, service and exit fees.

Amarco offers all apartments on a 99-year lease basis, not a free hold. Essentially, it gives residents the same right as a free-hold title, with added financial benefits. For example, you do not pay stamp duty on your property. Amarco residents also keep 100 per cent of any capital gain.

There are also two cooling off periods during the contract exchange process, so there is no pressure to sign quickly. Amarco encourages all prospective buyers to have their own solicitor review the contracts before signing.

 

Financial advice

Prior to making the decision to move into retirement living, it is beneficial to visit a financial advisor. The professional will assist you in defining the best way to manage your income and spending.

They will be able to walk you through the financial implications of your various options and answer questions about long-term costs, deferred management fees, and all other relevant issues.

 

Trust is everything

Amarco Apartments is owned and operated by Uniting AgeWell, which is an organisation of the Uniting Church in Australia that has been providing care for Victorian and Tasmanian seniors for 70 years. The AgeWell philosophy is built on the recognition that people want to grow old in their own community and be as independent as possible.

 

To find out how you can retire to an easy life or to book a personal tour, call Amarco Apartments today on T: 9680 0500