Savvy retirees are discovering that Ingenia’s land-lease model provides peace of mind, flexibility and cashflow benefits.
Many Australians strive for home ownership during their working lives but hanging on to your hard-won property in retirement might not always make the best sense financially.
“Staying put simply doesn’t add up for a lot of people,” says Rachel Lane, finance expert and author of Downsizing Made Simple.
“If you’re an empty-nester, chances are you’re no longer utilising all the space in your home – but you’re still paying for that space through insurance premiums, utilities and council rates.”
And then there’s maintenance.
“Retirees typically aren’t living in brand-new homes, which means maintenance expenses are a lot higher than they are in newly built homes,” notes Lane.
“If you enjoy cleaning out the gutters, mowing the lawns and painting the weatherboards, then more power to you. But most people don’t enjoy that. They are exhausted by all the maintenance – or they have the additional expense of paying someone to do it for them.”
Life expectancy also comes into play. Australians are living longer and remaining active well into retirement, making our golden years potentially more expensive.
With all this in mind, Lane reckons downsizing makes the most sense for many Australians on the cusp of retirement.
However, successful downsizing isn’t just about moving to a smaller, less expensive home: it’s also about “right-sizing” to a house that is low-maintenance, safe, secure, supports independence and provides ongoing financial benefits.
The Ingenia Lifestyle model is a unique proposition: customers purchase a brand-new home and lease the land it sits on. This offers a much more affordable entry price-point and eliminates the need to pay stamp duty – leaving you with more in the bank.
And, if you decide it’s time to move on, there are no exit fees or deferred management charges, which means you keep 100 per cent of any capital gains growth.
You’re invited to come along to Ingenia Lifestyle Bethania to view the brand-new clubhouse and the five beautifully appointed display homes at the grand opening of ‘The Boulevard’ clubhouse on Saturday 24 July.
Enjoy a day of live music, delicious food and entertainment. Experience the Ingenia Lifestyle Bethania community for yourself.
Find out more by contacting Elizabeth Kincaid on 0448 240 910 or go to liveinbethania.com.au
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