- > 100 days / visits
Product/Service Name: JEAN SANDEL RETIREMENT VILLAGE
We live in an independent townhouse built as a duplex with single garage and three bedrooms. The village runs with strong supervision from Christchurch Head Office of Ryman Healthcare. Good activities...
We live in an independent townhouse built as a duplex with single garage and three bedrooms. The village runs with strong supervision from Christchurch Head Office of Ryman Healthcare. Good activities available with swimming pool, bowling green and many other activities with occasional outings. Friendly staff, resident meetings every two months chaired by Village Manager.
Complies with RV Act with a profit motive of millions, all from the residents. Also financed by residents with market value pricing and legal ORA agreement. Very negative return on investment, particularly if not the last place of residence. If moving on to another village after five years then rather large penalties apply, and in some cases may not be possible.
Suggestions to Management or General Comment
For those residents required to make a very large investment, a sweetener of a share package should be considered. With a twenty year retirement plan, some consideration should be given to alleviate the capital loss of relocating with a new DMF applicable each time. After more than ten years, it may be impossible for an independent resident to move on, because of financial deprivation.
How do you know about this place?
I live/have lived there.
I have lived at / visited this facility for
Longer than 100 days / visits
I last lived at / visited this facility
More than 3 years ago
Would you recommend this facility to a friend?