Using the Cost Comparison Worksheet
It can be easy to lose sight of the true costs of homeownership. Especially if you’re no longer paying off a mortgage. But even if that’s the case for you, there are many, many more expenses you’ll continue to contend with for as long as you remain in your home, regardless of your age or current level of income. Taxes, insurance, utility bills, maintenance, repairs, replacements, security and other services, food, transportation, recreation, entertainment — it’s a very long list. As you bring these expenses into sharper focus, it can become increasingly clear that the cost of independent living in a continuing care retirement community like Woodland Pond is not only competitive with owning and maintaining a home; in fact, it compares quite favorably.
That’s why we created the senior living Cost Comparison Worksheet. Once you see everything that’s included with residency at Woodland Pond, as well as the many unexpected extras — such as potential tax advantages — you’ll have a more accurate idea of the real value of choosing our community.
CURRENT MONTHLY EXPENSES | WOODLAND POND EXPENSES | |
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HOUSING |
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Mortgage, Rent, Fees | Included | |
Property Taxes | Included | |
Homeowners Insurance | Included | |
Tenant Insurance | ||
Neighborhood Association Fees | Included | |
Storage | Included | |
UTILITIES |
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Electric | Included | |
Water and Sewer | Included | |
Heat | Included | |
A/C | Included | |
Trash Collection | Included | |
Cable, TV, Internet | ||
HOME SECURITY |
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24 Hour Security | Included | |
In-home personal response system | Included | |
Personal Emergency Response Pendant | Included | |
HOME MAINTENANCE |
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Bi-weekly housekeeping service | Included | |
Annual Deep Cleaning service | Included | |
Weekly Linen Service | Included | |
Appliance Repair and Maintenance | Included | |
Lawn Care and Landscaping | Included | |
Snow Removal | Included | |
Pool Maintenance | Included | |
Interior Maintenance: Heating, Cooling, Plumbing, Electrical Systems, etc. | Included | |
Exterior Maintenance: Roof, driveway, windows, gutters, etc. | Included | |
TAXES |
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Real estate taxes | Included | |
Tax deductions for prepaid Medical Expenses | A portion of your Entrance Fee and Monthly Service fees may be tax deductible. (Please consult your tax advisor). | |
FOOD/DINING |
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Groceries | ||
Restaurant-style Dining | $300 Monthly Dining Allowance per person included | |
TRANSPORTATION |
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Car (Gas, Maintenance, Insurance) | ||
Scheduled bus transportation for medical appointments, shopping and events. | Included | |
MEDICAL CARE AND INSURANCE |
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Medicare Premium | ||
Supplemental Insurance | ||
Personal Emergency Response Pendant | Included | |
Priority access to Assisted Living, Memory Care, and Skilled Nursing Care | Included | |
Priority access inpatient and outpatient physical therapy, occupational and speech therapy | Included | |
MISCELLANEOUS |
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Fitness Club Membership | Included | |
Instructor Led Fitness Programs | Included | |
Entertainment | Included | |
Recreational Activities | Included | |
Educational & Cultural Programs | Included | |
Art Classes | Included | |
Beauty / Barber Services | On-site | |
Total Monthly Expense |
$0 |
$3,558 – $7,163 *Based upon size of residence and number of occupants |