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Money Management: What’s My Investment for a Retirement Community?

Money Management: What’s My Investment for a Retirement Community?

Posted on
April 1, 2021

How much does it cost to live at The Village at Woods Edge? And can I afford it? These questions are some of the earliest and most frequent questions we hear from prospective residents.

Moving into a retirement community is one of the biggest financial decisions you will make, so it’s understandable that you want to make sure you’re making a good financial investment and getting a good value for your dollar. Our friendly team is here to work with you every step of the way as you weigh your options.

Types of Fees

As new residents of The Village, you have two types of fees which are common to most independent living communities. First, you can expect an entrance fee that functions as a refundable deposit to secure your apartment or cottage as a new resident. From there, you will see monthly service fees that are tailored to fit your specific needs. With your floor plan, refundable deposit selection and more taken into consideration, these monthly fees will be especially curated between yourself and our team.

Every resident enjoys access to all of our campus amenities. Your basic monthly service fee includes a generous selection of services and amenities, including interior and exterior maintenance, most utilities, campus Wi-Fi, as well as admittance to all of our campus activities such as lifelong learning lectures. Residents also have an optional membership to the James L. Camp Jr. Family YMCA, which is a short walk from our campus and offers a range of fitness classes, training programs and an indoor pool.

Finally, every resident enjoys a dining allotment that you may apply toward any meal or in any dining location throughout The Village. In addition to our main full-service dining room, which offers an impressive menu of delicious dishes, we also have our well-renown Back Porch & Grille, which is known far and wide as a place for good food and great conversation—as well as a monthly wine and cheese celebration!

Monthly Services Fees by Floor Plan

Our monthly fees vary based on floor plan. We offer a variety of one-, two- and three-bedroom Independent Living cottage and apartment plans to meet your needs. All floor plans are private residences with elegant upgrades and creature comforts such as large closets, kitchen conveniences, and parking for every resident. Not sure which floor plan is best suited for you? Take our floor plan quiz before you meet with our sales team for your first tour!

One of the best reasons to consider The Village at Woods Edge is that residents have priority access to our Assisted Living and Memory Care neighborhoods should your needs change. You have the freedom to age in place with the community you know and love. The peace of mind that comes from knowing you will be taken care of is one of best investments you can make.

To learn more about life at The Village at Woods Edge and your financial options, we invite you to come for a visit or schedule a virtual consultation. We are here to work with future residents to fit your specific needs and budgets. Ready to get started on a charming retirement lifestyle in the small town of Franklin, Virginia? To review our rate sheet and schedule your tour, contact us today!

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