Retirement Living Costs Explained – Helping Hand

Retirement Living Costs


There are two different unit types offered by Helping Hand, each with its own retirement living costs involved.

 

1. Resident Funded Units

Resident Funded Units are priced at market value. You purchase a license to live in the unit for as long as you wish. In addition, you pay an ongoing fee which covers the following services:

  • repairs and maintenance of your unit – mechanical, electrical, plumbing, and pest control
  • gardening in common areas including front gardens and clearing of pathways
  • communal electricity and gas costs
  • access to 24/7 emergency maintenance
  • SA Water charges
  • Council rates
  • Emergency Services Levy
  • cleaning of common areas
  • staff support and administration costs.

You are responsible for household retirement living costs and expenses including electricity, gas, phone, internet, contents insurance, etc.

The Helping Hand difference

Should your circumstances change, Helping Hand guarantees a 90 day cooling off period after you move in. Most importantly, you will receive a full refund of your entry contribution.

When it is time to vacate your unit, it will be valued by a licenced, independent valuer. The refund you receive is the amount set by the valuer, minus the amount retained by Helping Hand as stated in the licence agreement.

Unlike some other retirement villages, Helping Hand does not require the unit to be sold before the refund can be paid and you will receive your contribution refund within 30 days. Nor is your refund affected by resale charges such as marketing costs or refurbishment fees.

 

2. Rental Units

This is our more affordable housing option. Residents pay rent which is debited fortnightly and covers the following services:

  • repairs and maintenance of your unit – mechanical, electrical, plumbing, and pest control
  • gardening in common areas including front gardens and clearing of pathways
  • communal electricity and gas costs
  • access to 24/7 emergency maintenance
  • SA Water charges
  • Council rates
  • Emergency Services Levy
  • cleaning of common areas
  • staff support and administration costs.

Rental applications are subject to standard referee checks.

You are responsible for household retirement living costs and expenses including electricity, gas, phone, internet, contents insurance, etc.

 

To find out more, call our friendly staff on 1300 653 600 or take a look at our available units.