Aveo’s Post

Name: Aveo on LinkedIn: #aveo #retirementliving
Uploaded: 2024-12-05T22:00:05.386Z
Duration: 3 min 27 s
Channel: Aveo

Aveo

11,712 followers

Costs and contracts are front of mind when considering retirement living. People talk about what residents pay, but not always through the lens of what residents are getting in return. And there’s often talk about the complexity of contracts, but that’s not the whole story. In this video, residents at Aveo share their thoughts about the lifestyle, support, and services they receive—and why they believe it's worth every dollar. For more from this video series, click here: https://lnkd.in/geVFUzyv #Aveo | #RetirementLiving

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Transcript

We've got a good village, there's lots of activities. One of the residents said to me one day about the monthly fees and I said, well, when you consider that a person outside is paying $400.00 a week rent plus rates, water, whatever else, and I said we're paying a lot less than that per month that there, There's no comparison when you're living. In your own home outside, you have to pay rates, you have to pay water. All of those things are so down here. It's all included in everything that you do here, so you know it. It's all irrelevant. I just sort of think at school and we'll worry about it. It's definitely worth us. Compared with other friends who live outside of here, I think what they pay to maintain their lifestyle and what we pay is a vast improvement for us and there's so much to do. There's so many activities to go to. We have security, we have friendship, we have close neighbours and we have schools where you sell your house. You're probably selling your house closer to $1,000,000. So there is a cash difference when you move in by comparison to other. You know, I actually see a lot of the fees from other villages out fees, value for money are far better. There are people here are varying means and there are units here to suit people a bit with varying budgets. Well, we obviously pay for the upkeep of the village, but we live as part of a community and this is a a large site with many facilities which are enjoyed by everyone. So clearly we need to pay our share for that. We knew about the deferred management fee. Right from the off, it was differently set up when we came in, but we knew exactly what we were up for and yeah, it was fun. I don't have a problem. The fact that we have to pay a different management fee or my estate if that's that concerned about the monthly fee thinking I wouldn't be able to afford it. But when I sat down at my daughter's place, I came came out $10 difference between what it was costing me to at the moment there is there is this residual. That is taken out this amount that's, and it varies across retirement villages from 20 something percent to 30% that is kept from your purchase price. Once you understand that and and how you stay 10 years, that's, you know, not such a huge effect, but you have moved into a place that costs you less to move into than you sold your house for. So you tend to have residual funds and the whole contract was very, very clear. I think it's great for what we get here, you know, that people forget about the things that we do get that we don't think about, you know, just being able to come here in the lounge, sit with your friends, have a coffee, listen to the music. Usually on Wednesdays there's a lot of stuff and, and also the, the organised concepts and we organised entertainment and, and all the clubs that you're enjoying, all that sort of stuff. It's fabulous.

Nerissa Stanley

Community Manager at Aveo Group

Wonderful to see residents talking openly about fees. Too often fees get seen as a taboo topic or being misunderstood. This is a great positive and realistic view of the matter.

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