What do the posh retirement communities really feel a bit like to live in? Are they as good as they claim in the property investment advice centers? Does living in these places actually appear like you're well sorted? Do you actually feel spoiled? When you hear about how they have 24-hour concierges, award winning cooks, New Age health counselors, 6 tennis courts and 4 pools, you do wonder how far you can have trust in these claims. Particularly when all these amazing extras seem to not cost as much as they should. Are these luxury retirement communities actually all that they claim to be?
These places truly seem to go hell for leather. Toll Siblings, one of the most successful housing construction firms of the country has been opening 4 luxury retirement communities around the country every year. One community in Florida, the Sarasota Bay Club has a community theater where they show live broadcasts of all concerts at the Philadelphia Orchestra. In one such community in Arizona, all of the houses locally are built around a big well-designed golfing course and a facility for continuing care.
So how come they offer all these at decent prices? Do they not wish to raise costs for better revenue? The advantages to their bottom line of raising prices is not lost on these builders. It's just that in the price-sensitive real estate market we are in currently, they do not accept that they could raise prices and get away with it. In three dozen markets across the land, there have been no price rises in assisted living facilities.
Somehow, over the years, the quality of live that retirees have come to expect, has risen. Retirees look for organic menus, gyms, entertainment options, luxury surroundings and they expect all these as standard offerings. To explain, they don't expect to pay premium costs for these premium conveniences. The cost of entry in these places is only a part of the final bill. Residents are anticipated to pay each month dues, maintenance and security bills in addition. The communities regularly also have residents sign detailed contracts to do with health-care costs. Still, places such as these may be worthwhile just for the top-rated chefs and massage therapists available anytime of the day or night.
Let's get down to some real figures for what these services will cost you. In Monroe in New Jersey, they've taken luxury to a different level. There's a nine hole and celebrity-designed golf course, clubs for photography and vehicle fans, sporting activities, a massive clubhouse and fitness center. Two-bedroom houses here begin at about $400,000 each. Monthly charges run to about $350.
These places truly seem to go hell for leather. Toll Siblings, one of the most successful housing construction firms of the country has been opening 4 luxury retirement communities around the country every year. One community in Florida, the Sarasota Bay Club has a community theater where they show live broadcasts of all concerts at the Philadelphia Orchestra. In one such community in Arizona, all of the houses locally are built around a big well-designed golfing course and a facility for continuing care.
So how come they offer all these at decent prices? Do they not wish to raise costs for better revenue? The advantages to their bottom line of raising prices is not lost on these builders. It's just that in the price-sensitive real estate market we are in currently, they do not accept that they could raise prices and get away with it. In three dozen markets across the land, there have been no price rises in assisted living facilities.
Somehow, over the years, the quality of live that retirees have come to expect, has risen. Retirees look for organic menus, gyms, entertainment options, luxury surroundings and they expect all these as standard offerings. To explain, they don't expect to pay premium costs for these premium conveniences. The cost of entry in these places is only a part of the final bill. Residents are anticipated to pay each month dues, maintenance and security bills in addition. The communities regularly also have residents sign detailed contracts to do with health-care costs. Still, places such as these may be worthwhile just for the top-rated chefs and massage therapists available anytime of the day or night.
Let's get down to some real figures for what these services will cost you. In Monroe in New Jersey, they've taken luxury to a different level. There's a nine hole and celebrity-designed golf course, clubs for photography and vehicle fans, sporting activities, a massive clubhouse and fitness center. Two-bedroom houses here begin at about $400,000 each. Monthly charges run to about $350.
About the Author:
Michael Cooke has been writing about part exchange property and property investment advice for some years. Read more at Which Property Mentor.
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