We are thinking about moving into an Adult Community in maybe two years. So far, we’ve visited one of the Villages. However, the residents were rather old and infirm and the place itself was not cheerful or modern (sounds way too much like me). The fees were approximately $6000 a month (total for the two of us) and we get two meals a day. That means I’d have to scrounge around for my other four meals.
The other place we visited was like a new five-star hotel. Very modern, well-lit, great swimming pool, nice gym, nice exercise room. Also has a bar with several TV’s and has huge TV screen in a theater-like room. This place is located in a terrific area;--very pretty with walking paths. The area has security, restaurants, a Whole Foods, etc. The people living there seemed very happy and energetic.
We each would get a $300 dining room allowance per month. Valet parking only—but no tipping. All for $6000 for two. The $6000 will increase by approximately 5% every year.
However, for the privilege of living there you need to put up $1M. When you leave (for whatever reason) they will return $900,000.
We plan to keep looking, but the second place is so enticing. In truth, we wish we never saw the second place.
Any thoughts?
The other place we visited was like a new five-star hotel. Very modern, well-lit, great swimming pool, nice gym, nice exercise room. Also has a bar with several TV’s and has huge TV screen in a theater-like room. This place is located in a terrific area;--very pretty with walking paths. The area has security, restaurants, a Whole Foods, etc. The people living there seemed very happy and energetic.
We each would get a $300 dining room allowance per month. Valet parking only—but no tipping. All for $6000 for two. The $6000 will increase by approximately 5% every year.
However, for the privilege of living there you need to put up $1M. When you leave (for whatever reason) they will return $900,000.
We plan to keep looking, but the second place is so enticing. In truth, we wish we never saw the second place.
Any thoughts?