Cost

A retirement plan that doesn’t account for future care needs is only half a plan. As a Life Plan community, Wisteria at Warner Center allows you to enjoy retirement with confidence, knowing that your move puts a plan in place for your future needs, while protecting your nest egg.

Because so much is included, residents pay for Life Plan communities like Wisteria in different ways than they would for a traditional single-family home or a rental apartment.

Wisteria residents pay a one-time entrance fee when they move into the community. The price is based on the size and location of the home they select, and most of this fee is repaid to the resident or their estate when they leave. Many residents use the proceeds from the sale of their current home to pay their entrance fee. At Wisteria at Warner Center, the fees start in the $500,000’s and can be over $1,000,000 for our larger homes.

Wisteria residents pay a monthly fee that covers many day-to-day living expenses that they used to pay for with separate checks. The fee includes meals at restaurants, housekeeping and landscaping maintenance, entertainment and transportation services, as well as access to long-term care at the adjacent care center. In addition to simplifying their finances, Wisteria at Warner Center residents are no longer responsible for property taxes, HOA charges, real estate insurance, or most of their utilities—and can receive significant tax benefits associated with their new move.

For those who take time to do the math, Wisteria at Warner Center can prove to be a compelling value and the lasting benefit of a retirement well-planned.

Shopping around? Good idea. An accurate understanding of which services and amenities are included is just as important as loving the floorplans. Many of the perks that we look forward to at Wisteria (pickleball and tennis, movie theater, aquatic center, multiple dining venues, art studio, health spa, etc.) are not standard fare at other locations. Here’s an easy comparison chart to use while you’re learning about your options.

Not all Life Plan Communities (CCRCs) provide the same level of long-term care support to residents, and some retirees choose to take on more risk than others. Finding the right fit is important and the State of California has provided help by categorizing communities as type A, B and C. Click below for a better understanding of the differences between categories (hint: you may want the best grade).

As individuals, our life’s experiences aren’t the same and our retirement planning can’t be identical. Wisteria residents enjoy the flexibility to craft financial approaches that help them balance their current needs with their estate planning goals. Call, email, or stop by to learn how you can significantly impact the costs and benefits described above to best fit your family’s needs.