Retirement properties often come with a number of excellent amenities – some of the top-class facilities in the UK have swimming pools, on-site salons and cafes, for example.
People are also drawn to this way of living as it offers support but also independence – you still own your own home in a community of like-minded people who share your interests.
However, as a result of these additional benefits of a retirement property, there are a number of issues to be aware of when looking to purchase a home in one of these developments – and a number of pitfalls to be aware of so you’re not caught out – or left out of pocket.
Andrea Tankel explains what you need to know before buying a retirement home with publication themoneypages.co.uk.
Click here to read Andrea’s tips including ground rent and services charge concerns.