Erickson Tribune

Highland Springs

UPDATED: Tuesday, May 08, 2007

Wising up about downsizing

Posted on Tuesday, May 08, 2007
 

Erickson communities increasingly the solution for many retirees

By Sunny McKinnon
THE ERICKSON TRIBUNE

On the surface, the idea of moving from a too-large house to a smaller, less expensive one (or to a condominium) sounds attractive: lower mortgage payments, lower utility costs, and less maintenance if the smaller house is newer.

However, the solution may not be such a quick fix.

More than just a mortgage payment
With any home—large or small—the cost of the house is more than just the mortgage payment. Some expenses are a given, and all are the responsibility of the homeowner.

Maintenance can be not only an unwanted expense but also an added hassle. Homeowners are often uncomfortable with the whole situation of strangers showing up to repair the air conditioner or the dishwasher.

While exterior maintenance is covered in a multiplefamily living situation such as a condominium or high-rise, homeowner assessment fees can be a staggering monthly expense.

And, even with a smaller house, property taxes still come due in January.

Best of both worlds
Throughout the country, more people are choosing to move to retirement communities because they offer the best of both worlds. For example, for the last 24 years, retirees have turned to Erickson communities— such as Highland Springs—where everything is designed to help individuals get more enjoyment and less financial stress out of everyday life.

It’s the most advantageous version of downsizing.

Stabilized monthly expenses
Residents at Highland Springs and at all Erickson communities enjoy the convenience and peace of mind of the monthly service package, which bundles bills into one monthly statement that stays the same, with no increases, for the year. All utilities, taxes, maintenance, and repairs are included.


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Carefully designed and managed to be about the same as middle-class retirees are spending, the monthly service packages at Highland Springs are not affected by energy prices or consumption. Annual increases are carefully monitored by an independent board of directors to keep the fee affordable. The increase has been at or below the Social Security Cost of Living Adjustment for 21 of the past 24 years, averaging 3% to 4%.

Maintenance and more
As for maintenance, Highland Springs’ professional maintenance staff takes care of all repairs, and residents have no responsibility—or homeowner association fees—for building upkeep.

Plus, Erickson apartment homes come with lifetime warranties on the home and appliances.

The community’s monthly service package includes amenities not available in a traditional house, such as 24-hour security, an on-site medical center, and emergency services.

More than 19,000 people have already moved to Erickson campuses and taken full advantage of the services and amenities—making “downsizing” feel anything but “down.”



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