who will change the light bulb when i’m old? · most of us age well life expectancy males: 79.5...
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Who will change the light bulb when I’m old?
The advantages and disadvantages of retirement
villages.
Bonnie Robinson, CEO, HBH Senior Living
www.hbh.org.nz
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HBH Senior Living A social purpose organisation focusing on the needs of
vulnerable older people.
We provide:
Retirement Village
Social housing
Rest Home
Hospital
Respite
Day Programme
www.hbh.org.nz
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Housing key to wellbeing
www.hbh.org.nz
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Most of us age well Life expectancy
Males: 79.5 years
Females: 83.2 years
This has been steadily increasing since the 1950s.
45% of all people over the age of 75 years self rate their health as excellent or very good.
www.hbh.org.nz
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Types of housing for older people
Independent
Independent with support
Care
www.hbh.org.nz
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Independent
Own home
Renting
Design
Location
Support services/equipment to maintain independence
www.hbh.org.nz
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Independence with Support Abbeyfield
Social housing providers
Retirement Villages
www.hbh.org.nz
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Retirement Villages It is an investment in lifestyle, peace of mind and security
It is NOT a real-estate investment!
All types and sorts of villages
Highly regulated – Act and Code of Practice
www.hbh.org.nz
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Retirement Villages ORA = Occupational Right Agreement
Weekly fee
Village fee – comes off at the end
www.hbh.org.nz
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Advantages and DisadvantagesAdvantage Disadvantage
Purpose built disability friendly housing Requires downsizing
Community of your peers Not living in a mixed age community
Companionship Loss of DMF ($) at the end
Support services available - from Gvtand village
No capital gain
Frees up capital from your home Denser living – more people in one place
Activities programme/facilities on site Costs of additional services
Maintenance taken care of Shared spaces
Lock and leave
Care on same site
More certainty about weekly expenses
Security and safety
No concern about capital loss
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Things to think about and ask What is most important to me:
Activities on site
Care services
Location
Price
Style of house or apartment
Pets
Visitors staying
www.hbh.org.nz
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Design – difference between independence and not
www.hbh.org.nz
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www.hbh.org.nz
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Things to help Equipment and alterations
Home Support services
Personal care
House work
Age Concern has good check list on their web site
www.hbh.org.nz
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Renting options Councils
Housing NZ
Social Housing Providers
Abbeyfield
Private rental
www.hbh.org.nz
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Residential Care Rest Home
Hospital
Dementia
You need to be assessed as needing that level of care
Care is income and asset tested – but if you need care you get it
www.hbh.org.nz
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Care = Quality of Life Independence can be over-rated
Care should be seen as another life stage not failure
Care can mean energy and security to do the things you enjoy
Eden Alternative – overcoming loneliness, helplessness and boredom.
www.hbh.org.nz
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Residential Care
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In Summary More options if you have assets
But there are some options for those without assets – look around and ask for help
If you are over 70 and thinking about making a move – do it - many people leave it too late
Planning is key to well being
www.hbh.org.nz