So you think you might be ready for independent living? Finding a home that removes all the barriers so that you can live a more active, stress-free lifestyle is the first step. Understanding the costs associated with an independent living community will help ensure that your decision is the right one for you.
Comparing Options: Refundable Entrance Fee Model Versus Monthly Rental Fee Model
Ávila, like so many independent communities, offers a flexible and predictable financial strategy with it’s refundable entrance fee model. A refundable entrance fee model is a smart and effective solution to managing your senior living costs. The entrance fees allows Ávila to offer lower monthly fees compared to other non-entrance fee based communities.
Ávila’s 50%, 80% and 90% refundable entrance fee takes a scaled approach that ensures proper long-term utilization of your savings and equity, while providing safekeeping of hard-earned assets while you live here. The fee is due upon arrival and can be transferred to your estate for estate-planning purposes or refunded if you decide to leave the community.
Did you know that communities without refundable entrance fee models put residents at risk of higher monthly rental fees and less financial stability as you spend down your liquid assets?
That’s why for many the assurance of a prepaid refundable model is ideal. In fact, in most cases, the fee is considered an asset in your portfolio since it is returned as part of your estate. Ávila’s entrance fee model is a predictable and flexible financial planning tool for those who like to plan for the future.
Here’s how it works
Refundable entrance fee models are a smart and effective solution to managing senior living costs. Ávila’s refundable entrance fee model takes a scaled approach that ensures proper long-term utilization of your savings and equity, while providing safekeeping of hard-earned assets while you live here. The fee is due upon arrival and can be transferred to your estate for estate-planning purposes or refunded to you if you leave.
All-inclusive Monthly Fees
As an Ávila resident, you won’t pay property taxes on your home. And you won’t receive monthly utility bills. Ávila’s all-inclusive, predictable monthly fees cover all your monthly expenses, including utilities, dining, security, internet, wi-fi, cable, transportation, community and home maintenance, and housekeeping services and on-site entertainment. The days of surprise repairs and piles of bills to stay on top of are behind you.