Senior Couple cooking dinner

Why Living in a Senior Living Community is Financially Savvy

Amenities are lovely to hear about when researching a senior living community for your retirement years. Sure, who doesn’t want to do a little dreaming about beautifully landscaped grounds and courtyards, elegant dining options, a spacious residence, and pool-side living? 

The luxuries are fabulous, and those planned for The Fairfax at First Community Village are right up there with the best of ’em. That said, we know something else is of utmost importance to seniors considering moving to a Continuing Care Retirement Community: affordability and value. 

You’ve spent your lifetime making financial plans that would prepare you for retirement, so it’s only fair that you know you’re making a wise investment for housing and healthcare in your golden years. Most CCRCs operate on an entrance fee and monthly fee model. In return, you gain access to all the services and amenities that will keep you thriving in your golden years. That bundle model will save you tremendously if you were paying for your housing, care, and luxuries à la carte. 

Convenient Care, As You Need It  

We always start with healthcare when talking about the value of a senior living community because the continuum of care model available at some CCRCs –– referred to as Life Plan communities –– is such a unique opportunity to wisely invest for your future. 

Residents at Life Plan communities have access to a full range of care options when it comes to their health. The Fairfax, opening in summer 2021, will be an expansion of the existing community, First Community Village, a not-for-profit community. This means those who live there will be able to tap into the continuum of care resources at First Community Village. That includes independent living, senior assisted living, rehabilitation, memory care, and skilled nursing. 

A fee-for-service plan means you’ll never have to pay for services you don’t use. If you need it, it’s there. If you don’t, why pay for it? That peace-of-mind that the care you need will be there when you need it is truly priceless. You won’t have to pay money to relocate if your health needs change in a few years to where you may need assistance beyond what’s provided in somewhere like a rental community or ownership community. 

Wellness also falls under that care umbrella at an active adult community. You won’t be paying for gym memberships or wellness activities. Take advantage of things like an indoor pool with aquatic programming, walking/biking trails that extend off campus, or an activity from a full calendar of wellness activities to keep your mind and body sharp and active. 

Offload The Cost & Time of Upkeep

Think about all the time you spend maintaining your current residence. There are the physical seasonal tasks like shoveling snow, cutting your lawn, and cleaning out the gutters. There are the appliances that inexplicably stop doing their jobs. There is that pesky faucet that won’t stop drip-drip-dripping. Why isn’t the WiFi working? You know, those “this really isn’t how I wanted to be spending my weekend,” tasks. 

If you’re not handling the upkeep of owning and maintaining a house yourself, you may be paying someone to do those necessary jobs. And then there is the mental burden of things like property taxes and bill-paying that eat up hours of your day and money in your bank account. Wouldn’t you rather not have to deal with any of that again?

The “it’ll be taken care of for you” factor of CCRC living means you won’t be taking the time, or opening your wallet, to take care of both the routine or unexpected maintenance tasks that typically accompany homeownership. Housekeeping services are also available if you desire. Leave all of those concerns to a team of reliable professionals, and spend your time and money on something you truly want to be doing.

The Sooner, The Better…and More Affordable

A lot of factors go into finding the ideal senior living community for you or a loved one. Everyone has a different idea of the community they’d like to find in their retirement years, and the geographic area they’d like to be settled in. At The Fairfax, that community looks like 70 contemporary apartment homes built in the English Country Manor style in Columbus, Ohio. 

We advise you to seize the moment if what you’ve learned about The Fairfax lines up with your vision for a senior living community. Reserving now is the most financially savvy move to ensure you’ll be getting the lowest rates and many other unique benefits that won’t be available to those who wait. The Fairfax isn’t open yet, but many have already reserved their spot to join our community. That advice goes for any continuing care retirement community –– ask about the savings that come with reserving early!

Continuing browsing our website to learn more about the benefits of senior living and about The Fairfax. And remember, you can always get in touch with us directly with any questions you may have as you research your senior living options.