Our Atlanta Independent
Senior Living Communities:
Atlanta Senior Living Resources
Which is Smarter: Renting or Buying?
We at Parc Communities believe that the pure rental model is a more user-friendly structure for our residents. The following are just a few of the reasons:
Our resident does not need to tie up a significant amount of his/her savings in real estate.
Our resident, or his/her estate, does not have to deal with disposing of the asset in the event it is no longer needed.
Our resident does not need to subsidize others who might require assistance or nursing care.
Our resident knows in advance what services and amenities are included in his rental and the scope of said services is not likely to change.
Because of the fact that we, at Parc Communities, are able to capitalize upon today’s low interest rates, we are able to pass through that cost effectiveness in the form of favorable rental rates.
When comparing either the life estate (CCRC) or retirement condo model to our pure rental model, one would need to anticipate a significant inflationary period, along with a 7 to 10-year occupancy period, for there to be a favorable comparison in actual costs. In today’s world, both scenarios appear unlikely, particularly if your loved one is already over the age of 70.
Our residents enjoy an absolute satisfaction guarantee. If, for whatever reason, they no longer wish to live in our community, they may have the right to relocate upon 30 days written notice.
The bottom line is simple. If your loved one is 70 or older, and is not subject to near-term health issues, he or she will save money by living in a Parc Community. More importantly, living in a Parc Community will provide him/her with the ultimate in lifestyle, comfort, and flexibility.