Buying a retirement home – What you need to know

Buying a retirement home – What you need to know | Monday 9 December 2019 | 1 min read

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.  

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