The retirement years are no longer a time to sit back and live out a quiet and uneventful life.
These days, as baby boomers reach retirement age, it has become a time to not only relax, but also to take up new hobbies, travel to new places – and most importantly, to lead a social and vibrant lifestyle.
So how are the new generation of over 55s choosing to retire? Many are making the move to an over 55s community where they can live an active life, free of the financial and maintenance burdens of living in a larger home. Here we’ll discuss why retirees are attracted to lifestyle communities and find out why the trend is growing.
The Attraction of a Lifestyle Community
Today, there are many reasons why over 55s are choosing to live in lifestyle villages in increasing numbers. For some, the idea of living in a close-knit community made up of your peers is highly appealing. For others, freeing themselves from the financial, mental, and physical burden attached to the upkeep of their large family home is the driving force behind the decision.
There is also the added security of living in a gated community and the peace of mind that having easy access to essential services brings. And having the opportunity to meet new people, make new friends and join in with the many organised social outings and gatherings is a big drawcard.
The Next Generation of Retirees Are Different
As those in the baby boomer generation move into their 60s, they are approaching retirement with a fresh perspective. In fact, in a recent article by futurist and demographer Bernard Salt, he discusses how more and more are continuing to work into their 60s. Since 2000, the number of Australians aged 60-64 in the workforce has grown at an average rate of 27,000 per year. Amongst these, there are many that are setting up their own business, often as consultants based on the professional experience they gained throughout their working life.
Mr Salt sees a growing trend toward these “boomerpreneurs” and predicts that, “the image of a 60-something begins to shift in the 2020s from daggy retiree to gadabout entrepreneur finally free of kids and mortgage”. What’s more, these next generation retirees are now looking for housing that will match their desire to engage with others and live life to the fullest throughout their retirement years. And for this purpose, lifestyle villages are ideal.
Features for Next Gen Retirees
If you are one of the above-mentioned adventurous retirees, lifestyle villages have a few important features. If you’ve got the travel bug, living in a lifestyle park means you can be away for long periods without the worry of break-ins. The gated entrance is a great physical security measure plus, living in a close community, you can be confident your neighbours will look out for you, so your home and belongings will be safe. For those who prefer the open road over jet-setting, a lifestyle park with on-site caravan storage is ideal.
And if you do plan to set up your own business, a home office is a must. Choosing a village that has self-contained houses with an extra bedroom that can be used as a study is smart. Having the space to work and the extra level of privacy will be a definite plus as your business takes off.
What the Future Holds
For those approaching retirement, and for those who are already there, it is certainly exciting times. The opportunity to live a vibrant, happy and fulfilling retirement has never been greater.
Whatever you choose to spend your retirement doing – whether it’s travelling, working, socialising, relaxing, or all of the above – setting yourself up in the right accommodation is critical. Where you live greatly impacts your lifestyle, so put some serious thought into where you’ll be happiest living. Finding the right balance between independence and privacy, and community and security is key – and in this case, an over 55s lifestyle park ticks all the boxes.
Over to You
Are you wondering if a move to a lifestyle village will allow you to enjoy your retirement years to the fullest? We’d love to hear your questions and comments below.
Want to know more about deferred management fees and other traps related to lifestyle villages? Download our FREE guide, 20 Questions You Must Ask BEFORE Choosing a Village.