With an ageing population, we are always finding that people are constantly looking for aged care options in Fairy Meadow.
If you are wondering what may be available for either yourself or loved one when it comes to aged care options Wollongong, Joanne Danckwardt talk with Dianne Chalk from Chalk Financial Planning (formerly Hillross Fairy Meadow) to provide information on what is on offer along with transitioning into aged care.
If you’re ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist.
YES, DOWNLOAD MY CHECKLIST
Aged Care Government Funding
The Government has various funding packages that will assist people to stay at home rather than going into aged care, with home care packages being available to assist. The Aged Care Assessment Team will need to conduct an assessment to ascertain what level of care is required. There are four levels available, with level one being the lowest level of care, for example, assistance with showering or shopping, to level four, which might mean full-time care is required. These care packages can take the burden off families with their assistance – not only the financial burden, but the time required to provide the care. Having assistance with the care of a loved one means that families may have an opportunity to have more time and a better relationship with the loved one in their care.
Retirement Living
Retirement living in retirement villages is another option available. This type of living falls under state legislation, and the buyer should be aware of exactly what they are buying into, by reading the fine print. Always check the cost required to buy into the village, along with any associated ongoing costs, and any exit costs. Always review how the fees and costs fit in with your cash flow.
There can be extensive waiting lists for these types of living packages. Do some research on the area that you like, to ascertain the time it may take for you to gain access.
Be aware of how exactly you will be taking ownership of premises. Some places are actually leasing or renting the land, others you may be buying the house on the land. Do your research, and also review the treatment of Centrelink and how they assess some places for any rent assistance packages.
Make an aged care plan
Ideally, you should make a plan for aged care, rather than making emotional decisions under pressure if something goes wrong. Talking opening with your family and friends will provide clarity and support, allow everyone to proactive rather than reactive.
If you feel concern for a loved one, arrange for an assessment from the Aged Care Assessment Team (ACAT). This can be done through your doctor. Having this assessment done is like having a passport. Just because you have one does not necessarily mean you are going to travel overseas. This assessment is also an assessment for home care respite along with permanent care.
Have a look around at not only what options are available for aged care options in Fairy Meadow or nearby, but what places may be around. Create a shortlist based on the area and type of needs. Ensure that you incorporate costs associated with these care facilities so that there is no shock. When the time comes, you will have a good place to start with this list.
Ensure that wills are up to date, estate planning is carried out, and it is important to have powers of attorney and ensuring guardianship is established, otherwise most facilities will not accept your application. See you solicitor to have these items established. By not having estate planning in place, then potentially the government can step in and end up managing the financial affairs.
We also recommend seeing a financial planner who specialises in Aged Care Advice. This will provide comfort knowing that you are receiving the latest advice and consideration for your needs and aspirations for your situation.
Listing and Pricing your Fairy Meadow home to sell
After completing all this research, you will have your own knowledge on if you should need to sell your property. If this a requirement of yours, pricing your home to sell is of utmost importance along with the timeframes for listing the property for sale.
If you’re ready to discover the secrets to being ready to sell your home download our free checklist – Insider Secrets To Being Ready To Sell.
YES, DOWNLOAD MY CHECKLIST
I hope that has helped you today. If you have any questions whatsoever I’d love to talk to you. My number is 0426 264 771. I look forward to talking to you soon.
If you have any family or friends that might benefit from real estate guidance, please feel free to pass on my details or share this link. I’d love to be able to help.
You might also be interested in
Mar 15, 2024
Choosing the Right Real Estate Agency to Sell Your Property: A Guide for Landlords
There comes a time in every investor’s journey where they consider reducing their property portfolio to either free up some capital or reduce debt. This question is probably best answered by your Accountant. And although marketing a property for sale, whilst continuing to receive an income from rent is very appealing, there are a few extra considerations to take into account when you have a renter in place and you are thinking of selling. As a landlord considering selling your property, one of the most crucial decisions you'll make is selecting the right real estate agency to represent you. With various agencies vying for your business, it's essential to weigh your options carefully to ensure a successful sale. One common question landlords often face is whether to stick with the company already managing their property or explore other options. In this video Joanne Danckwardt of One Agency JD Property Agents discusses the factors to consider when making this decision and provide guidance to help you choose the best agency for your needs. [youtube id="YSiDUdBZGLg"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Evaluate Experience and Expertise When assessing potential good real estate agencies, consider their experience and expertise in selling properties similar to yours. Look for agencies with a proven track record of success in your local market and expertise in handling investment properties, with superb negotiation skills. Determine whether the agency has experience working with landlords and understands the unique challenges and opportunities associated with selling rental properties. Review their marketing strategies and resources to ensure they have the capabilities to effectively promote your property to potential buyers Seek Recommendations and Reviews Ask for recommendations from fellow landlords or trusted professionals in the real estate industry. Personal referrals can provide valuable insights into the performance and reputation of different agencies. Additionally, research online reviews and testimonials from past clients to gauge the satisfaction level and experiences of others who have worked with the agency. Schedule Consultations Take the time to meet with representatives from potential real estate agencies for consultations. Use these meetings to discuss your goals, ask questions, and assess the agency's approach to selling properties. Pay attention to how responsive and attentive they are during the consultation process. Choose an agency that demonstrates a genuine interest in understanding your needs and objectives. Evaluate Communication and Transparency Clear and transparent communication is vital throughout the selling process. Evaluate how effectively the agency communicates with you and their willingness to keep you informed every step of the way. Ask about their communication channels, frequency of updates, and how they handle feedback and inquiries from potential buyers. If you choose to sell the investment property whilst still tenanted, it is important to remember there are strict rules that must be adhered to. It is important to be aware of the legislative requirements when selling a tenanted property. In our experience, it works best when - The renter is provided with plenty of notice, it helps them to get organized. The process is clearly explained to the renter right from the start and it is adhered to throughout the campaign The property manager has a good relationship with the renter and is the one who initially gives them the confirmation that the property is going to be sold. They can then reassure them if they have any concerns. The selling agent takes the time to introduce themselves and sits down with the renter to create a plan to minimise the disruption to their lives as much as possible Potential buyers are made aware of the conditions of the current lease agreement eg the notice periods required if they wish to move into it themselves Both the selling agent and the property manager are “on the same page” and understand what all parties are trying to achieve. This will give both the owner of the property and the renter confidence in the process. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Choosing the right real estate agency to sell your property is a significant decision that can impact the success of your sale. While sticking with the company already managing your property may seem like the easiest option, it's essential to carefully evaluate all your choices. Consider factors such as experience, expertise, potential conflicts of interest, recommendations, and communication when making your decision. By selecting a reputable and reliable agency, you can confidently navigate the selling process and achieve your desired outcomes as a landlord. If you are thinking of selling your investment property, contact us today. We can provide insights tailored to your specific market, and run you through how the process would look for your investment, including any potential obstacles that need to be navigated. With the right approach and timing, you can capitalise on the advantages of selling your investment property in the current real estate market. If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.
Jan 15, 2024
Preparing for a downsize or aged care move
The decision to downsize or transition a family member into aged care is a significant and sometimes challenging one. As you prepare, one crucial aspect is getting the home ready to sell and move on from. This process involves not only practical considerations but also emotional sensitivity. In this video, we guide you through essential steps to prepare for yours or a family member’s move to downsize or move into aged care, ensuring a smooth and comfortable transition that prioritizes comfort and well-being. [siteloft_youtube video_id="HmRBzqP1CPc" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Declutter with Care Begin by decluttering the living space. Over the years, belongings tend to accumulate, and downsizing becomes necessary. Respect attachment to sentimental items while ascertaining what what can be donated, sold, or kept. Remember, the goal is to create a comfortable and manageable environment. Familiarity and Comfort When packing, prioritize items that hold sentimental value or are essential for daily life. Familiar items, such as photos, treasured possessions, and a favourite chair, can help create a sense of continuity and comfort in the new space. Pack Strategically Label boxes clearly to make unpacking easier later on. Sort items by categories, such as clothes, personal care items, and keepsakes. If you have specific hobbies or interests, ensure these are still handy to enjoying them. Accessibility and Safety As you prepare, consider any mobility or safety concerns. Ensure walkways are clear, remove tripping hazards, and make necessary adjustments to accommodate any mobility aids that may be required. Keep Essential Documents Handy Gather important documents such as medical records, identification, insurance information, and legal documents. Having these accessible can help streamline the transition. Home Maintenance Arrange for any necessary home maintenance tasks, such as plumbing, electrical, or structural repairs. Leaving the home in good condition not only ensures its future but also provides peace of mind. Financial Matters Redirect mail, notifying relevant institutions about the change in address, and set up automatic bill payments if necessary. Emotional Support Moving from a long-time home can be emotionally challenging. Be patient and understanding whilst feelings are processed. Engage in open conversations about the move, and acknowledge emotions while remembering the positive aspects of the transition. Moving Day On moving day, ensure that the space is well-prepared with familiar items arranged thoughtfully. Arrange transportation and have a plan for unpacking and setting up the new space, making it feel like home from the very beginning. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Preparing for a downsize, or moving a family member into aged care, involves a blend of practical considerations and emotional awareness. By approaching this process with care, open communication, and respect, the transition can be smooth and as comfortable as possible. Remember that while it may be challenging, well-being and quality of life in a new environment is a positive opportunity. If you are thinking of selling your home contact us today. We can provide insights tailored to your specific market. With the right approach and timing, you can capitalise on the advantages that the market holds for you. If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.