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Navigating the community living market can be daunting.
Papillon Living is here to guide you on your journey
Navigating the downsizing market and moving into community living can be daunting.
Papillon Living is here to guide you on your journey
What are my options?
When you're considering a move to a community living environment, it can be confusing to understand the differences between "Over 55s Living," “Land Lease Living”, "Retirement Villages" and “Aged Care” also known as “Residential health care”?
Here's a basic breakdown:
Land Lease
Land Lease Living is typically a community, designed for people aged 55+ who may not yet be retired yet, still active and social, looking for a fun and safe community to be a part of.
Land lease communities often provide social interaction, connections & friendships with like minded people as well as easy access to landscaped gardens, tennis courts, swimming pools, libraries, spas, gyms, bars and even dog parks/walking trails. They also offer the freedoms associated with living in a safe and secure environment.
You own the home and lease the land. There are no entry costs, however weekly site fees are charged for the land lease as well as service and maintenance costs.
If and when you’re ready to leave, you can still sell the property independently and you keep all the profit you make on the sale.
Land Lease
Land Lease Living is typically a community, designed for people aged 55+ who may not yet be retired yet, still active and social, looking for a fun and safe community to be a part of.
Land lease communities often provide social interaction, connections & friendships with like minded people as well as easy access to landscaped gardens, tennis courts, swimming pools, libraries, spas, gyms, bars and even dog parks/walking trails. They also offer the freedoms associated with living in a safe and secure environment.
You own the home and lease the land. There are no entry costs, however weekly site fees are charged for the land lease as well as service and maintenance costs.
If and when you’re ready to leave, you can still sell the property independently and you keep all the profit you make on the sale.
Land
Lease
Land Lease Living is typically a community, designed for people aged 55+ who may not yet be retired yet, still active and social, looking for a fun and safe community to be a part of.
Land lease communities often provide social interaction, connections & friendships with like minded people as well as easy access to landscaped gardens, tennis courts, swimming pools, libraries, spas, gyms, bars and even dog parks/walking trails. They also offer the freedoms associated with living in a safe and secure environment.
You own the home and lease the land. There are no entry costs, however weekly site fees are charged for the land lease as well as service and maintenance costs.
If and when you’re ready to leave, you can still sell the property independently and you keep all the profit you make on the sale.
Retirement Villages
Retirement Villages usually attract retirees, offering a similar community environment to land lease communities. However, retirement villages often provide an array of additional services that can keep older people living independently for longer.
As with Land Lease communities, Retirement Villages also provide social interaction, connections & friendships with like minded people as well as easy access to a host of communal facilities in a safe and secure environment.
Key benefits typically include no large lump sum payments being required, plus options for healthcare & home services in-house, typically at an additional cost.
There are usually entry fees, ongoing fees & exit fees (known as "deferred management fees"), and limits on capital gains. This means that when you sell a retirement home, you may be required to pay a proportion of any profit you have made on the sale.
Retirement Villages
Retirement Villages usually attract retirees, offering a similar community environment to land lease communities. However, retirement villages often provide an array of additional services that can keep older people living independently for longer.
As with Land Lease communities, Retirement Villages also provide social interaction, connections & friendships with like minded people as well as easy access to a host of communal facilities in a safe and secure environment.
Key benefits typically include no large lump sum payments being required, plus options for healthcare & home services in-house, typically at an additional cost.
There are usually entry fees, ongoing fees & exit fees (known as "deferred management fees"), and limits on capital gains. This means that when you sell a retirement home, you may be required to pay a proportion of any profit you have made on the sale.
Retirement
Villages
Retirement Villages usually attract retirees, offering a similar community environment to land lease communities. However, retirement villages often provide an array of additional services that can keep older people living independently for longer.
As with Land Lease communities, Retirement Villages also provide social interaction, connections & friendships with like minded people as well as easy access to a host of communal facilities in a safe and secure environment.
Key benefits typically include no large lump sum payments being required, plus options for healthcare & home services in-house, typically at an additional cost.
There are usually entry fees, ongoing fees & exit fees (known as "deferred management fees"), and limits on capital gains. This means that when you sell a retirement home, you may be required to pay a proportion of any profit you have made on the sale.
Residential Aged Care
Residential Health Care or Aged Care provides round the clock care for those with significant health needs.
It is primarily for seniors who require assistance with daily living, medical care and 24/7 supervision.
Residential Aged Care
Residential Health Care or Aged Care provides round the clock care for those with significant health needs.
It is primarily for seniors who require assistance with daily living, medical care and 24/7 supervision.
Residential Aged Care
Residential Health Care or Aged Care provides round the clock care for those with significant health needs.
It is primarily for seniors who require assistance with daily living, medical care and 24/7 supervision.
Papillon Living allows you to search for community living that caters for your specific wants & needs, saving you hours of research & individual website comparisons
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