The Two Step Approach To Retirement In South Africa
Many people on the way to retirement in South Africa do not consider moving directly into a retirement village. They want to retain their individuality and freedom and do not want to become part of a retirement village before they reach their seventies, or even later.
They acknowledge the fact that they will need more constant health care and tighter security at some stage, but they envisage a more freelance approach to retirement initially. They want to interact directly with society and are looking forward to having a good and enjoyable time whilst in reasonable strength. People with this approach to retirement in South Africa, will then most likely resettle and buy a house or a plot in order to have their retirement home near a favoured place like the ocean, or somewhere where the climate is mild and the soul satisfied.
Friends and family become more and more important as time goes by. If a couple nearing retirement make the choice to retire where their children are, they might lose out on the proximity of friends and emotional loss could occur. The best choice would be to settle into retirement where both friends and children are nearby.
If they however move at a later stage in life into a retirement village that offers health care and more security, they begin all over as strangers in the new environment. That can be debilitating too and older people do not like too much stress and feeling unsettled.
They can therefore consider buying a house or apartment in a retirement village of their choice and then plan to rent it out until they themselves want to occupy it later on. As owners, they will become acquainted with the culture of the retirement village and they might just be able to convince friends still out at their preferred retirement spot, to purchase a house or apartment in their chosen retirement village too.
This way, they can look forward to a more intimate friendship at a time when there is less wanderlust and more need for slower and qualitative time. At the same time they secure a retirement village house or apartment at today’s prices, knowing that demand tend to drive retirement property continuously higher.
A two step approach might be the right modus operandi for people with a more individualistic approach to retirement. Owning a unit in Summervale Retirement Village in Gordons Bay or a retirement house in Stil Bay, might just be the perfect answer to your approach to retirement. And it makes financial sense too.
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