05/28/2024
There are many benefits of owning a home including having a place to call your own and make memories in. You can also use your home as an investment to help fund your retirement goals. That’s why many older adults are considering 55+ senior living communities and Life Plan Communities, like The Forum at Rancho San Antonio, that allow you to own your home. However, is one option better than the other and if so, which one is right for you?
What is a 55+ Community?
55+ communities have a minimum age requirement and are designed for someone looking for a retirement-friendly, low-maintenance lifestyle. They can be made up of single-family houses, duplexes, condominiums or townhomes. While you own the residence, interior maintenance and daily upkeep are your responsibility, but exterior maintenance is usually covered by your monthly Homeowner Association (HOA) dues. Some outside maintenance is usually provided, and community services and amenities are typically a part of your monthly service fees.
However, you’ll still be responsible for things like cooking, cleaning, real estate taxes, insurance, garbage collection, inside maintenance, appliances, utilities, internet service and cable or satellite TV. Plus, if you or your spouse ever need a higher level of care, you could have to move again when you least want to or have to pay for both the 55+ community and any additional care.
What is a Life Plan Community?
At a Life Plan Community like The Forum, you’ll find an active lifestyle and freedom from the hassles of home maintenance plus on-site care if ever needed. We offer residence options like apartment homes and villas in a variety of floor plans, sizes and price points.
By choosing a senior living community, you’ll receive helpful services and amenities to make things easier and more convenient. Housekeeping, linen service, dining plans, transportation services and security are common. Our amenities at The Forum include a fitness center, pool and spa, multiple dining venues, beauty salon, library and more.
What Makes The Forum Unique
The unique membership equity plan at The Forum gives you true ownership advantages. You enjoy tax benefits and the ability to sell at any time. Plus, you may be able to receive your full investment back plus a portion of appreciation, which preserves your estate and helps you leave a legacy for your family. We are one of the few retirement communities in the Bay rea to offer this equity ownership financial model.
Be More Than a Resident
The Forum is a resident-owned, resident-governed community which means you’re more than just someone who lives at the community, you are the community. To learn more about the special benefits of living at The Forum, contact us here.
