Search Results for "Estate Property Solutions"

If you die without having made a Will, your property is distributed according to the terms laid down in law, which may not be as you would wish. This is usually more costly to your estate and a slower process. The people you care about most may not be looked...

Home ownership in New Zealand has been declining for the past 30 years, a fact that has been exacerbated more recently by rising inflation and the increased cost of living. As a result, an increasing number of older people rent. While there are a variety of rental options that may...

The concept of home equity release involves converting a portion of your home’s value into cash, while still allowing you to live there. Usually, this is in the form of a reverse mortgage. When you sell the home or die, the full loan plus interest has to be repaid. Currently,...

Are Retirement Villages expensive? In short, the answer is ‘not always.’ There can be some very affordable homes within Retirement Villages, however, not all are priced at the affordable end of the market either. Just like real estate on the open market, Retirement Villages offer a range of options –...

Eldernet Life is about change and whatever your next step, Eldernet is here to help you make decisions that are right for you. Residential Care Search New Zealand’s most comprehensive directory of rest homes and specialist residential care – including up-to-date vacancies. While you’re there, why not order yourself a...

The financial world is evolving and as we age, we will come across situations we may not be ready for, such as how we access our money, where it’s held and how we can use it such as, the changes to banks and banking processes, cryptocurrency etc.. Some will remain...

Depending on where you want to live in New Zealand, the cost of ‘buying’ into a retirement village can vary greatly – some units can be priced in the $100,000s while others can reach into the millions. This ‘purchase’ price is known as the Capital Contribution. You can search for...

Some Age Concerns have lists of trusted local home maintenance and tradespeople, so enquire there. Sometimes a recommendation from a friend is a perfect solution, especially for the smaller, less costly jobs. Websites such as New Zealand based Builderscrack and others that are overseas based, offer a matching service where...

Retirement villages in Aotearoa New Zealand offer a wide range of accommodation options, including villas, townhouses, apartments, and studios ( learn more here ). Remember – whichever option you choose will become your home, so it needs to feel right for your lifestyle. Here are some questions to ask when...

This situation does put you in a difficult position. Your family will probably be acting with the best intentions. Perhaps they noticed that you are finding some things more difficult these days. Hearing their concerns can threaten your independence and feel quite undermining and scary. While it can be tempting...

Moving into a care home requires a lot of major lifestyle adjustments. While everyone deals with change differently family members may be able to utilise the suggestions below to assist with this adjustment process. All mayor changes we make in life have some positive aspects and some less so. Remember...

You may be planning on making a retirement village your forever home, but life can be unpredictable. That's why it's helpful to understand the process of leaving a village before you move into one. You're free to leave a retirement village at any time you want. One important protection to...

Retirement village residents who hold a Licence to Occupy may be eligible for the Government's full Rates Rebate, as long as they meet the income criteria. Each year, usually in mid-June, the Government updates the income and rebate thresholds. You can find more information on rates rebates in retirement villages...

The following example shows how the Deferred Management Fee (DMF) is worked out in New Zealand, and how it affects the final payment to you or your estate when you leave a retirement village. Example – Mr C Mr C chose a unit in a village close to his old...

A care suite (sometimes also known as a care apartment) is generally a retirement village offering with care components governed by the Age-Related Residential Care (ARRC) Agreement. It offers the same type of care as a care home and is bound by the same rules. As this is a type...

Every time you relocate within a village - whether it's to a different unit or to receive care - there are some costs to be aware of. Here's how they typically work: If you're shifting between independent living options (for example, downsizing to a smaller unit), a transfer fee is...

Approximately 14% of the people aged 75 and older choose to live in a village – and that number is set to increase as our population continues to age. It is estimated that 26,000 retirement village units will need to be built by 2033 just to keep up with current...

‘Buying’ into a retirement village can be a great option for those who are wanting to maintain their independence while living among a like-minded community. Yet it’s not the only choice – there are myriad other living options to suit all lifestyles. Staying where you are There is benefit in...

You might have heard that people lose a lot of money when they move into a Retirement Village, or that entering a village is a ‘rip-off'. Generally, comments like these usually come from not fully understanding how the financial arrangements in villages work, because they're quite different from a standard...

Just like any property purchase, moving into a retirement village is a big financial commitment. Every village operates a little differently, and fees or conditions can vary from village to village and region to region. Getting specialist legal advice is one of the best ways to make sure you understand...