When it comes to choosing your senior living community, it’s important to know the different financial models that are available. For today’s modern retirement communities, there are two primary types: rental and entrance fee. Knowing the differences between these two models is key to both realizing your dream retirement and protecting your financial assets.
Flexibility for Your Nest Egg
For both your present comfort and future peace-of-mind, it’s important to know your options when choosing your future home, as well as the cost and benefits of each. The two main financial models you will encounter at senior living communities are:
- Traditional entrance-fee, where residents put down a large up-front cost to secure future care.
- Rental models, with monthly payments and the possibility to add future support if or when it’s needed.
While many Life Plan Communities usually offer typical entrance fee models, Hearthwood Senior Living in Bartlett, IL offers access to a full continuum of care in addition to a resident-friendly rental model. With one easy monthly payment that includes both rent and services, seniors gain access to a wide range of amenities, including:
- Flexible dining options
- Fully equipped fitness center & classes
- Calendar of social, educational, recreational, and spiritual activities
- Housekeeping and linen laundering
- Residence and grounds maintenance
- Off-site transportation
- Paid utilities (excluding phone & internet)
With a modest, one-time community fee and monthly rent, residents at Hearthwood have a variety of services and support right at their fingertips — all without the costly buy-in of entrance fee communities.
Care That Evolves With You
One of the major benefits of a Life Plan Community is your ability to age-in-place. At Hearthwood, seniors enjoy the freedom of Independent Living at our apartment homes and cottages, as well as future peace-of-mind with full continuum of care services that you only pay for if and when you need them.
The rental model at Hearthwood provides not only flexibility for your finances, but your support needs, too.
See Hearthwood for Yourself
At our welcoming, active community in Bartlett, IL, seniors enjoy both financial and personal independence — and all with the unique flexibility of an affordable rental model. A close-knit neighborhood on a 44-acre wooded oasis, Hearthwood combines natural beauty with unmatched amenities. Contact us today to schedule a visit and experience our community for yourself.
