Financial FAQ

Q. What is an entrance fee?

A. The entrance fee is a onetime refundable fee that each resident must pay upon moving to Ávila. The fee helps make the amenities and services available at a more modest cost. The mechanism helps most residents with their estate planning and preservation of assets for loved ones and puts your home equity to work to assure an independent lifestyle into your older years.

Q. Are all entrance fees the same?

A. Not all entrance fees are the same. There are a variety of options available to suit your needs. We invite you to meet with our marketing counselors to review the many flexible pricing options available to you.

Q. What if I have trouble selling my house?

A. The Capital Region has proven to be a stable area when it comes to home values. We have not experienced the huge growth or decline in values that has gripped the nation. However, we are not immune from current economic times so Ávila has taken steps to help you sell your house through our realtor referral programs. Free seminars and our vast access to market data help you make informed decisions to guide you through the sales process helping position your property for sale.

Q. Will prices increase?

A. The entrance fee you select will never increase unless you select a different entrance fee plan in the future. Monthly fees will increase over time just as living expenses do. Specific increases may vary based upon the circumstances at the time the annual budget is adopted by the board of directors.

Q. How do the costs of Ávila compare to other retirement communities?

A. Ávila is a remarkable value. Fees include just about every living expense you now pay, plus much more. Your assets, typically the equity in your home, are put to use for you so that Ávila may provide you the lowest feasible cost of living. You’ll never need to worry about the decline in house value again; your refundable entrance fee will not decline since it is fixed based upon your plan.

Q. How can I learn more about Ávila Retirement Community?

A. Please call us to schedule an appointment or drop by our community to learn more about Ávila. Our marketing office is open during normal business hours Monday through Friday from 9 a.m. to 5 p.m. and is located at 100 White Pine Drive, Albany, NY 12203 (link to page on directions). You may also call us at (518) 640-9409 or (518) 640-9411to schedule an appointment that will be at a time and day more convenient for your schedule.