As you plan ahead, each season offers fresh possibilities for seniors to pursue a happier, healthier, and more fulfilling lifestyle, but also sparks a few financial uncertainties when it comes to continuously rising costs. It’s difficult to anticipate everything that could happen due to economic changes like inflation. However, residing in a senior living community can provide a stable solution that offers more peace of mind—regardless of what the future holds.
If you're currently in the planning process and curious if senior living may be right for you, these considerations can help you know what to expect.
Clear Pricing and Terms
As you continue to search for the perfect living situation for yourself or a loved one, it may offer you peace of mind to know that you will never be surprised by additional endowment fees, huge rate increases, or locked-in contracts at 10 Wilmington Place. We simply collect a one-time, affordable Community Fee when you move in. This helps cover administrative costs incurred during the move-in process and is used for the ongoing cost of maintaining our historic property and grounds for residents to enjoy!
In addition, our owners keep our residents’ best interest in mind when determining our annual rate review. Senior community rates in 2023 have risen to 11%, 20%, and even 30%, but not at 10 Wilmington Place. Our average rate increase over the past 37 years has been 3%. A family-owned community really does make a difference, especially in difficult times.
You can also enjoy flexible terms designed to make the transition process easy, and we offer affordable, fixed monthly rates starting at $2,295 per month for Independent Living. Sales Counselors can provide detailed pricing information when you come for a visit. And, if needs change in the future, we only request a 30- to 60-day notice before moving out—with exceptions available based on your unique situation.
All-Inclusive Lifestyle Options
All-inclusive living options, like the ones offered at 10 Wilmington Place, provide everything you or your loved one may need when it comes to amenities and care—all of which are included in the original price plan. Every lifestyle option includes meals from an award-winning chef, housekeeping and transportation services, 24/7 emergency assistance, entertaining activities and recreational programs, along with most utilities!
Another benefit of moving into a senior living community is ridding the stress of keeping up with tiresome yard work, cleaning around the house, and additional chores that can become strenuous over time. Instead, you can relax and enjoy a new way of living with a majority of everyday expenses and needs covered by one predictable monthly payment! Residents can also choose to include other services within their plan like garage parking, interior design options for their home, fully-furnished hospitality suites for guests, and more available at an additional cost.
Continuity of Care
Many senior living communities also offer a variety of living options, including Independent Living, Assisted Living, and Memory Care—ensuring committed care to each of their residents. If needed, residents can easily transition through different care options at 10 Wilmington Place over time instead of moving to a new facility with new faces as needs evolve. Through this adjustment, our price may change, but the dedication of care does not.
Our campus also includes a skilled nursing facility, hospice organization, and physician offices that are all separately owned/operated and easily accessible. Residents are always guaranteed exceptional care in a community of active and friendly individuals at affordable rates.
Take advantage of the helpful materials below as you continue to plan your next chapter.
We understand you want to find a safe, comfortable living environment without worrying about financial implications. Explore educational links and guides from our website like The True Cost of Senior Living: Tips for Planning and Paying to begin planning ahead. Also, be sure to check out our Cost Comparison Worksheet. You can download or print this resource to compare your total current expenses side by side with the cost of senior living, and gain insight into possible money-saving opportunities—without the burden of your daily duties.
Peace of mind for you and your loved ones is priceless! Schedule a tour online today or call 937-253-1010.
