It can be easy to feel confused and overwhelmed by the variety of options available for senior living. Retirement can bring many changes with it, and seniors can face numerous housing challenges. Seniors can face challenges including feeling a loss of independence, financial changes, isolation, and physical limitations. Planning for future housing needs is a complex and important decision. These decisions can also become very emotional. Many seniors and their families find themselves weighing their options — staying at home or moving in with a relative, buying a house in a senior community, moving to a continuing care retirement community (CCRC), or the freedom and flexibility of a monthly rental. By choosing a rental community, you are able to retain financial control of your assets to live the life you are accustomed to. In our Vantage Point communities, we pride ourselves on providing our residents with a personalized and worry-free lifestyle.
When choosing the best option for retirement, many come down to a choice between a CCRC and a rental in a senior living community. These two options are easily confused because of the similarities, but there are major differences in amenities, care, and most importantly, cost. It is very common for CCRCs to have a long-term contract and a large initial buy-in fee. The average, initial buy-in fee for a CCRC is $329,000, but can sometimes top out at $1,000,000!
Tying up your hard-earned finances without a clear picture of the future can be a source of anxiety. Moving out of your lifelong home only to be partially refunded that buy-in fee if circumstances change could set you back years of financial stability. By choosing a Vantage Point community, you are not only avoiding a complicated contract and the barrier of a huge buy-in fee, but you are retaining financial control of your assets. Rent obligations are renewed monthly, not yearly. This month-to-month rental agreement allows for maximum flexibility for changes in senior living arrangements. The money saved when avoiding the large buy-in fee can be easily invested to cover your monthly rent costs. You are also avoiding the cost of home maintenance, property taxes, and other financial burdens associated with home ownership. Our communities provide a robust array of health and wellness amenities that can save you thousands in gym memberships, healthcare costs, and rehabilitation services.
Social Benefits of Community Living
In addition to the financial stability monthly rental communities offer, we also offer a variety of social benefits including housekeeping, onsite well-balanced meals, quality medical care, maintenance services, community programming, and many social events.
Social interaction has a direct effect on not only mental health but on physiological health as well. Social isolation is a serious risk for the senior population. It can result in a high number of chronic and age limiting health problems including mental health disorders, cardiovascular diseases, and dementia. We pride ourselves in offering comfort, safety, and a family-oriented community for peer to peer support. Cognitive engagement is extremely important to our seniors. It can lead to a boosted immune system, increased longevity, improved mental health, and an overall healthy lifestyle.
As we age, our physical fitness and active lifestyles fall by the wayside. This is often due to joint pain, chronic illness, and even poor body image. There are countless studies proving that exercise is vital at any age. When a person settles into a sedentary lifestyle, their health can begin a rapid decline. Regular physical activity can help improve mental and physical health. We offer many independent or instructor-led fitness programs that aid in the promotion of an active lifestyle.
At Vantage Point, our rental communities offer a plethora of benefits for your retirement days. Our family-oriented community is dedicated to providing you with the highest quality, value, and flexibility. We want you to experience the worry-free lifestyle that you deserve. To learn more about how Vantage Point’s rental communities may be the best senior living option for you, email [email protected] or call us at (610) 696-4177 today!