An Incomparable Value at an Affordable Price!
Trinity Oaks is among the most affordable retirement communities in the area. We offer multiple options for our Continuing Care plan as well as a Lease Option. No matter which plan best suits your needs, you'll always live in a gracious, secure community of friends.
Our Continuing Care plan allows you preserve financial assets and frees you and your family from concerns if increased health care services are ever needed.
Do you buy the apartments or cottages?
No, but there is an entrance fee (sort of like a membership fee). There are two entrance fee plans, one called the Standard Refund and one called the 80% Refund Plan. With the 80% Refund Plan you always get at least 80% of the entrance fee back, but with the Standard you are not guaranteed to receive any of your fee back if you are at Trinity Oaks longer than 4 years (for the apartments) or 20 months (for the cottages).
What does the entrance fee pay for?
It gives you priority access to a higher level of care if and when you need it.
How much are the entrance fees?
They vary depending on the size of the residence. Standard Refund entrance fees range between $57,975 for a studio apartment and $289,700 for the largest cottage. 80% Refund entrance fees range from $77,300 for a studio apartment to $308,241 for the largest cottage. (Currently apartments are discounted up to 25% and cottages are discounted 30%)
What are the other fees?
There is also a monthly maintenance fee, which covers the costs of dining, housekeeping, transportation, etc. The monthly fee for one person ranges from $1,551 for a studio to $2,678 for a cottage. A second person adds $853 to an apartment and $952 to a cottage monthly fee. Apartment fees include all utilities except telephone and cable, but cottage residents also pay their own electric and gas. Cable is available to the entire community for $22.50 a month. Some of the expenses you will no longer have to pay include homeowner's insurance (although a rental policy on belongings is encouraged) and real property taxes. Independent residents also receive 15 days per year (non-cumulative) at a higher level of care with no additional fees (called "grace days").
To review Entry Fees and Monthly Fees, Click Here.
Can you move in without paying an entrance fee?
A limited number of apartments and cottages are available with a 13 month lease, and some cottages may be available for a short-term lease. You do not receive priority access to higher levels of care or grace days with a lease. While there is no entrance fee with a lease, the monthly fee is 20% higher than the normal monthly fee. You do have the option of applying up to 13 months of the 20% upcharge to an entrance fee if you decide to convert.
To see Lease Rates, Click Here.