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Living in a Retirement Village or Aged Care Home: Common Questions

on the Friday, April 28, 2023

As we age, many of us start to consider our living arrangements and care needs. Two common options for seniors are living in a retirement village or an aged care home. Both offer benefits and considerations, and it's important to understand the differences and similarities between the two.

Here are some common questions and answers to help you make an informed decision:

What is a retirement village?

A retirement village is a community designed for seniors who are generally still independent but want access to services and amenities that make their lives easier. Typically, residents of a retirement village own or lease their own unit or apartment, and there may be shared facilities such as a community centre, pool, and gym.

What is an aged care home?

An aged care home is a residential facility that provides care and accommodation for seniors who need extra support. This may include assistance with daily living activities such as dressing, eating, and personal hygiene. Aged care homes can be government-funded or privately owned, and may offer a range of services such as medical care, rehabilitation, and social activities.

What are the costs of living in a retirement village or aged care home?

The costs of living in a retirement village or aged care home vary depending on the facility and level of care required. In a retirement village, residents typically pay a monthly or quarterly fee that covers services such as maintenance, gardening, and security. Additional fees may apply for extras such as meals, housekeeping, and personal care services. In an aged care home, costs are generally higher and may include a daily care fee, accommodation fee, and means-tested fee.

Can I bring my own furniture and belongings?

Yes, residents of both retirement villages and aged care homes can bring their own furniture and belongings. However, there may be restrictions on the types of items allowed, such as large pieces of furniture or electrical appliances.

What if I need extra care?

In a retirement village, residents may be able to access additional care services as needed, such as in-home care or personal care services. In an aged care home, residents receive care on-site and have access to a range of medical and support services.

Choosing between living in a retirement village or aged care home can be a difficult decision. It's important to consider your individual needs and preferences, as well as the costs and services provided by each option. By doing your research and seeking advice from professionals, you can make an informed decision that ensures your comfort, security, and wellbeing in your later years.

If you would like to understand more about different retirement living models, Compare Communities offers Australia’s No 1. 100% unbiased retirement village comparison service, helping you compare, select and save thousands. Call 1300 190 547 today to find out more.