Choosing where to begin your next chapter in life is exciting, but it can also raise some questions. As you consider your living options, discover the differences between purchasing a retirement condo and being part of a Life Plan Community.
WHAT IS A RETIREMENT CONDOMINIUM COMMUNITY?
A condominium or condo community refers to a multi-unit complex. Condo owners own their individual unit and often have access to common areas and amenities. A condo community may offer a clubhouse or community events and activities.
WHAT IS A LIFE PLAN COMMUNITY?
Life Plan Communities are retirement communities, but with an important added benefit: a continuum of care. This ensures you can "age in place," having planned ahead in terms of access to additional services and the cost of long-term care. Think of it as peace of mind if your health care needs change.
THE ADVANTAGES OF A LIFE PLAN COMMUNITY:
- Financial Security. A Life Plan Community provides financial security. Residents pay an entrance fee, a portion of which is refunded when you leave your Life Plan home. An additional monthly fee varies depending on the home and services provided.
- Peace of Mind. Life Plan Communities offer a full continuum of living options, including independent living, assisted living, memory care and skilled nursing. This means residents can "age in place" and have access to everything needed.
- Wide Range of Services and Amenities. Independent Living allows residents to live a maintenance-free life, and provides residents access to a wide variety of amenities, social activities and excursions.
KELLER LAKE APARTMENT HOMES: CLARK RETIREMENT'S NEWEST LIFE PLAN COMMUNITY
Opening this fall, Clark's Keller Lake Apartment Homes features 52 contemporary apartment homes with beautifully appointed finishes, balconies and great spaces for entertaining.
The expansion at Keller Lake is West Michigan's first town-square model community, forming a tight-knit 62-and-better Life Plan Community bustling with activity. World-class amenities include peaceful lakefront walking paths, a fully-equipped wellness center, a piazza for gathering with friends, a bistro, a restaurant, and so much more.
Keller Lake is tucked away in the beautiful Cascade area, yet is close to Grand Rapids' bustling city life, and is located at 2499 Forest Hill Ave SE, Grand Rapids, MI 49546.
Written by LouAnn Shawver.
Courtesy of Clark Retirement.