Charlestown's Predictable Costs Provide Freedom, Value, And Peace of Mind

When it comes to finances, no one likes to be surprised, especially if you are retired and living on a fixed budget.

In fact, more than 90% of seniors prefer predictable monthly expenses to cover most of their daily activities, meals, and housing, according to a recent survey commissioned by Erickson Senior Living via Edge Research. 

Whether you want a large residence with plenty of room or are ready to rightsize your living space to better suit your lifestyle, Charlestown, an Erickson Senior Living community in Catonsville, Md., offers many floor plan options--all with predictable costs that provide peace of mind for your retirement. 

Worry-free living

When Connie and Robert Cooney moved from Ellicott City, Md., to Charlestown in 2020, they found having a maintenance-free residence with predictable monthly expenses to be a welcome change.

"I think Charlestown is a good value, compared to living in our former house," says Connie. "We lived in a 120-year-old house for 38 years. We loved the house, but it also required a lot of repairs." 

Experts estimate that homeowners typically spend between 1% and 4% of their house's value each year on maintenance and repairs, with costs generally rising as the house ages. Because Charlestown's monthly service package covers all maintenance and repairs, residents can plan their expenses confidently.

"We no longer worry if something breaks or needs fixing. If we have a problem in our apartment, we just call General Services, and they take care of it," says Connie. 

In addition to maintenance and repairs, the monthly service package bundles utilities, including heating, air conditioning, and water; cable television; trash and recycling collection at your door; access to amenities; and a meal plan at on-campus restaurants into one predictable bill. 

"You don't realize it, but you are likely paying the same amount--or possibly even more--in your house, but because you pay each bill separately, it's not as noticeable," says Connie. "Consolidating all our expenses into one monthly bill works well for us. Our monthly bill is set for the year, so we know what to expect month to month." 

Unbeatable value 

Many residents also appreciate the industry-leading 90% refundable entrance fee*--the heart of the community's pricing structure. The entrance fee, collected as part of the residency process, will go back to you or your beneficiaries, if or when you leave the community. 

"The 90% refundable entrance fee was a definite plus. We know it's there, should we need it in the future, and if not, then it will be there for our children," Connie says.

And because the entrance fee is unique to each residence's features, living at the sought-after community is more accessible than many people realize.

"Charlestown boasts a range of one- and two-bedroom residences, which means we are able to accommodate many budgets," says Finance Director David Schneyer. "People are often surprised by how much value they get for their money."

So much to gain

"But residents gain more than just their stylish residences," he notes. "They become part of a vibrant community filled with amenities like the professionally staffed fitness center, an all-season pool and spa, on-site medical center, multiple restaurants, and a library--not to mention the dozens of clubs and activities."

Without the responsibility of maintenance and juggling bills, Connie finds that she has more time to pursue her hobbies and interests through the community's amenities and clubs.

"Robert and I attend movies and concerts on campus, and we also volunteer with the Treasure Sale. He helps out at the library as well, and I'm taking a sign language class," she says. "The best part is that I don't have to get in the car to access anything; I can simply walk down the hall without going outside."

Schneyer emphasizes that Charlestown's strong financial position allows community leaders to find ways to reinvest in the amenities and services that residents enjoy. This forward-thinking approach not only enhances residents' quality of life but also ensures the vitality of the entire community.

"We are continually reinvesting in the community, whether that involves refreshing amenities, updating buildings with the latest technology, or adding new activities and experiences," says Schneyer. "We strive to serve our residents to the best of our ability--we want Charlestown to be an excellent place to live well into the future."

Invest in your future self at Charlestown. From top-notch amenities to affordable, maintenance-free residences, you are sure to live your retirement to the fullest. Request more information today!

*Carefully read the Residence and Care Agreement for the conditions that must be satisfied before the Provider is required to pay the Entrance Fee Refund.