Key Considerations When Selling A Retirement Property

A retirement apartment or house in a dedicated retirement village can reduce the practical burdens of home ownership, like grounds maintenance, and provide access to additional services such as social events. Alongside accommodation for independent living, there may also be options for supported living and further healthcare services, enabling someone to remain in a familiar setting, even if their health support needs increase.

On the flip side, their specialised nature can make these properties more difficult to sell when the time comes. This may be further complicated if a family member, or someone with a power of attorney, has to undertake the sale due to the resident losing their mental capacity or if their health has deteriorated and they need to move to accommodation with the next level of care.