Here’s Why Value Matters More Than Cost When Considering a Senior Living Community

Most people have spent a lifetime trying to make smart decisions about money, so it’s not surprising that cost is a key consideration when you’re thinking about moving to a senior living community like The Village at Germantown.

On the surface, choosing the least expensive senior living option might feel like the best decision, but value is also an important part of the conversation. Value is about what you’re getting for your money—such as amenities, a well-appointed residence and convenient access to healthcare. It also includes intangible benefits like social connections and the vibrancy to make the most of every day. Here are some examples you might not have considered that increase the value of a community.

Less Stress Over Rising Monthly Expenses

Even if you’ve paid off your house or have a fixed-rate mortgage, you can’t always be certain your monthly costs will stay predictable during retirement. Other expenses—such as property taxes, utilities, homeowners’ insurance and home maintenance—tend to increase year by year, often outpacing inflation. Also, one leaky roof or broken furnace can throw a huge curve ball into your budget.

On the other hand, when you choose a senior living community like The Village, one monthly fee replaces all those unpredictable expenses, making retirement budgeting easier than ever. You may also find (like many of our residents) that the overall cost of living in a community is more economical than remaining in your home, freeing up more money for travel, entertainment and weekends with the grandkids.

Peace Of Mind About Future Healthcare Costs

If you’re like many retirees today, you’ve likely made whole-body wellness a priority. However, there’s still a chance you might have a health setback or need memory care at some point. Now here’s an eye opener: The average monthly cost for assisted living is $6,000 to $10,000 per month, while memory care averages $8,000 to $12,000 per month. If you need skilled nursing care, the numbers can average $10,000 to $15,000 per month or more. Keep in mind, too, that long-term care costs are rising faster than general inflation.

Contrast these figures with Life Plan Communities like The Village at Germantown, which provide guaranteed access to higher levels of care if or when you need them. This is especially important if you reside in the Memphis area, where fewer care options exist—and those that do have long waiting lists.

The Village in particular stands out, because our knowledgeable consultants make it their mission to help you choose a contract that fits your lifestyle while minimizing the impact of future healthcare costs. Services such as assisted living, skilled nursing and memory care are also provided right on campus, so you won’t have to worry about moving away from your circle of friends if your health needs change.

Services and Amenities That Help You Lead a Rich, Full Life

The amenities you’ll find at a senior living community like The Village at Germantown are more than just “nice-to-have” luxuries. They add value by giving you the freedom to shape each day in a way that feels meaningful to you. Even better, they’re included in your monthly fee at The Village. As you’re thinking about finding the smartest value in retirement living, consider how amenities like these will enhance your lifestyle, wellbeing and sense of community. Also, factor in how much each would cost if you had to pay out-of-pocket.

• Ample dining options. Good food, shared with close friends, makes every day seem like a celebration. It also helps combat social isolation—a big obstacle to healthy aging. Dining is always a highlight of the day at The Village, where residents gather to savor some of the best food in Germantown—and everyone feels welcome.

• Enriching activities and lifelong learning. Do you have an interest, hobby or project you didn’t have time to pursue before retirement? Senior living communities make it easy to dive in with fresh energy and meet others who share your passion. For example, The Village offers a daily calendar packed with games, educational lectures, cultural outings and clubs for everything from acting to Zumba.

• Housekeeping and maintenance. Imagine never having to rake the leaves, scrub the bathroom, or fix a leaky faucet again. Senior living communities let you kiss these chores “goodbye,” transforming your “to-do” list into a “love-to-do” list. At The Village, biweekly housekeeping service is included in your monthly fee. Building and ground maintenance and standard appliance repairs are also part of the package.

• Security. Our community provides 24-hour on-site security and EMT services—just one more way we look out for residents, just like family.
• Scheduled transportation. Even if you love a good road trip in your own car, it’s nice to let someone else do the driving from time to time. When you make The Village your home, your monthly fee covers transportation to medical appointments, shopping and cultural events in and around historic Germantown.

A Robust Path to Lifelong Vigor and Wellness

You can’t put a price on maintaining independence and vitality, and staying physically fit is key to achieving this goal. By cultivating strength, balance and flexibility, you can help reduce your risk of falls and keep chronic conditions in check. The good news is, most senior living communities have fitness centers right on campus, so you don’t have to pay for a separate gym membership—or drive across town to work out.

Your monthly fee at The Village includes our two-story Fitness Center, a comfortable walk from your apartment or villa. There, you’ll have convenient access to state-of-the-art equipment, plus a packed schedule of group classes such as aerobics, tai chi and core fitness. Our expert trainers can help you reach your fitness goals. We understand, too, that wellness is a dynamic development of your whole self—not just the physical—which is why we embrace and nurture all dimensions of a life well lived.

See What Makes The Village an Outstanding Value in Senior Living

For more than 20 years, The Village at Germantown senior living community has provided our residents with value that far exceeds the cost when it comes to gracious amenities, security, multiple levels of care and neighbors who feel like family. No wonder we’ve been named a Holleran Choice Community for resident engagement and satisfaction—and most recently, employee satisfaction.

Schedule your tour today by calling 901-737-4242.