Buy In vs. Rental

Many individuals hesitate to consider Independent Living accommodations in a retirement setting. “$200,000 entrance fee”, you ask, “who can afford that?”  While most Independent Living communities have a buy in option that ranges from a $10,000 -  $500,000 or more entrance fee entrance fee plus a monthly maintenance fee, some communities are now providing the options of a monthly rental fee.   The advantages of an entrance fee include available refund options; however, an entrance fee may not be appealing to everyone.  In most cases, the community will have financial qualifications you must meet prior to being accepted for admission.  Rental plans, on the other hand, do not offer refund options.  If an entrance fee is not appealing to you and you are unable to make a lump sum payment up front for your new housing accommodation or unable to meet the high financial qualifications required for an entrance fee at the community, a rental fee may be just the thing for you!  Contact us at (717) 517-8871 for more information.