ECH has over 1,691 homes across 104 retirement villages located in established suburbs throughout metropolitan Adelaide, and in some regional areas. With transport routes, shopping, recreation and medical facilities nearby, connecting with your local community is easy.
Saving money is always an attractive prospect, and by downsizing to a home in an ECH retirement village there will be no more water or council rates, stamp duty, or paying building insurance for your home. Which means more money for you to do those things you’ve always wanted to do.
You may have heard that there are two means by which you can secure a retirement village home. One is through a license to occupy and the other is through renting.
Residents enter contracts where they have a licence to occupy home. They pay an affordable entry premium which means they can live in their home for the rest of their lives or until they decide to leave. If you decide that this option is for you it’s important to know that you won’t own your home, however you will have the security of knowing that it will be your home for as long as you need or want it.
Residents who have entered into a licence to occupy their home pay a weekly maintenance fee. This fee covers:
It’s also good to know that, unlike some other retirement villages, ECH does not charge remarketing, administration or refurbishment fees when you leave your home.
Each simple to understand Residence Agreement and associated financial contract differs based on the location of the village, however, with a range of pricing options available, ECH has homes to suit all budgets. ECH can run through the financial arrangements of your Residence Agreement with you, so that you have a clear picture of the current and future financial position of your Residence Agreement with ECH. You are also encouraged to seek independent advice before signing a Residence Agreement.
As a resident of an ECH retirement village you will always be protected by the Retirement Villages Act.
ECH also has homes available for rent in some of their retirement villages. If you enter a rental contract then it’s important for you to know that the length of time that you will be able to live in the home is per the terms of the rental contract. You will pay weekly rent as required and will be bound by the terms and conditions of a tenant under the Residential Tenancies Act. ECH makes every effort to provide long term housing security and works closely with residents to provide housing which is best suited to each residents needs.
Contact us today to find out more about the lifestyle awaiting you in an ECH retirement village, and about the different options available.
1300 275 324
+61 8 8407 5151