At Homewood, choices abound for active seniors. Our charming residential home options set a new standard for retirement living. From cottages, many with attached garages, to spacious apartment homes, a variety of floor plans and sizes are available to suit any preference.
Independent Living residents also have full access to all the amenities found in the community center, the hub of life at Homewood. Homewood’s Community Center is the place to meet and greet friends and neighbors.
The Advantages of a Life Lease
Upon acceptance to Homewood at Spring House Estates, you have the choice of life leasing or renting either an apartment or a cottage. When you choose to life lease, you are paying 10 years of rent in advance, in a one-time lump sum payment (sometimes referred to as an entrance fee), thus controlling the largest portion of your future living expenses in effect, locking in rent for 10 years at today’s prices! With a life lease, you are not buying the property. You do not receive a deed. Homewood amortizes the life lease amount for a ten-year period; which means should you pass away or leave Homewood before the ten year period, the remaining portion (10% depreciation per year) goes to your estate or to you. The 10-year amortization period is extended when an age surcharge is applicable.
Summarizing, a life lease ensures you will have a home during your retirement years without having to personally deal with many maintenance issues and costs associated with home ownership.
We invite you to come see for yourself!
Ask about our complimentary staycation. We’ve found this short stay can truly be the best way to discover if we are the perfect fit for you.